PRESCOTT, ON and VALCOURT, QC, April 8, 2015 /CNW/ - Kriska Transportation Group Limited (KTG) is pleased to announce the acquisition of JMF Transport (1992) Ltée based in Valcourt, Quebec. JMF Transport will continue to be led by the current management team, including Mr. Stephan Brizard who will remain General Manager of the company.
"Since the formation of KTG in late 2014, we have been actively looking at acquisitions in Eastern Canada that fit our model of safe, well managed, and financially disciplined companies," noted Mark Seymour, President and Chief Executive Officer of KTG. "Stephan Brizard and his team at JMF have built a company that meets all of these requirements, and I couldn't be happier to have JMF join the KTG family. As we stated when we formed KTG last year, we believe the truckload market in Eastern Canada will continue to experience significant consolidation, and that our shareholders, employees, and customers will all benefit from the stability and leverage that a larger organization offers."
"Joining KTG offers the best of both worlds to the employees and customers of JMF Transport," commented Stephan Brizard, General Manager of JMF. "We look forward to enjoying the economies of scale that KTG can bring to our company, while still being able to operate our business in the independent manner that has made us successful since our inception in 1967."
JMF Transport currently operates 65 tractors and 152 trailers. Inclusive of the acquisition of JMF Transport, KTG now operates a total fleet of 535 tractors, 1,650 trailers, and employs 750 people, including owner operators.
About Kriska Transportation Group
Founded in 2014, Kriska Transportation Group (KTG) is a growth oriented transportation and logistics company based in Prescott, ON. KTG owns a collection of independently operated asset-based companies, with a strong focus on cross border, truckload freight. KTG seeks to invest in companies with best-in-class safety, driver retention, and financial results, and that are based in Eastern Canada. KTG's core brands include Kriska Holdings Limited, Mill Creek Motor Freight LP, and JMF Transport (1992) Ltée.
SOURCE Kriska Holdings Limited
For further information: For further information on Kriska Transportation Group Limited please contact: Mr. Mark Seymour - President & Chief Executive Officer, Mr. Pierre Carrier - Chief Financial Officer, Mr. Jonathan Wahba - Chief Operating Officer, 850 Sophia Street, Prescott, Ontario, Canada K0E 1T0, Telephone: 1-800-461-8000; For further information on JMF Transport (1992) Ltée please contact: Mr. Stephan Brizard - General Manager, 5609, Chemin de l'Aeroport, Valcourt, Quebec, Canada J0E 2L0, Telephone: 1-800-725-2285. Bowker Capital Inc. acted as financial advisors to JMF Transport.