A key transportation market in Canada
In recent years, North America's sustained economic growth has boosted international trade and freight flows, thereby significantly increasing the demand for trucking services. With the exception of shipments by pipeline, 55% of the total value of Canada's exported goods is transported by road.
Highlight Motor Group, a high-performance company
HMG specializes in advanced niches, such as temperature-controlled shipments and transportation of hazardous products.
"Our company is growing rapidly and we welcome a leading minority shareholder. It was important for us to join forces with a reliable investor who shared our long-term vision, and this partnership will allow us to accelerate our expansion in North America. In this project, Crédit Mutuel Equity has demonstrated a real understanding of our strategy of serving customers by offering undeniable quality, while sharing the large Highlight Motor family's passion for our business," said Kirk Kalinitchenko, President and CEO of Highlight Motor Group.
"Kirk founded HMG at the age of 25, starting out in the transportation industry as a driver/owner-operator of a single truck. His dedication, field experience and leadership have enabled HMG to become a dominant player in the North American transportation and logistics market over the past decade, with the strongest growth in Canada according to the Profit 500 ranking," stated David Dickel, Managing Director of Crédit Mutuel Equity in Canada.
|Company||Highlight Motor Group, represented by Kirk Kalinitchenko and Eugene Netanel|
|Subscriber:||CIC Capital Canada Inc., represented by David Dickel and Léa Perge|
|Counsel for the Purchaser||WeirFoulds LLP ("WF"), Ryan Filson, John Pandell, Adrian Howard and Shawn English|
|Counsel for the Vendor||Miller Thomson LLP ("MT"), Kevin Refah, Robert Stewart, Max Spearn, Deven Rath, Eric Dufour and Erin Elias|
|M&A||BDO Toronto, Ryan Farkas and Pras Kayilasanathan|
|Due Diligence||MNP, John Caggianiello, Samuel Latham and George Jimas|
Press contact Crédit Mutuel Equity:
RP PÉLICAN - Jennifer Lee