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Vaughan Headquartered Andlauer Healthcare Group to Acquire Boyle Transportation and Remaining 51% of Skelton USA

AHG is a leading and growing supply chain management company offering a robust platform of customized third-party logistics ("3PL") and specialized transportation solutions for the healthcare sector. The Company's 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada.
Categorized in: Logistics, Distribution, & Transportation, Mergers & Acquisitions Posted on: Last updated on: Written by:
Boyle Transportation trucks parked in shipping and receiving bays

Andlauer Healthcare Group Inc. today announced that it has entered into definitive agreements to acquire 100% of T.F. Boyle Transportation, Inc. and 51% of Skelton USA Inc., increasing AHG’s aggregate ownership of Skelton USA to 100%. AHG expects the acquisitions to be immediately accretive to cash flow and earnings per share.

The Company also announced that it, together with Andlauer Management Group Inc., has entered into an agreement with an underwriting syndicate led by CIBC Capital Markets and RBC Capital Markets to complete a new issue and secondary offering, on a bought deal basis, of an aggregate of 3,500,000 subordinate voting shares at a purchase price of C$48.20 per subordinate voting share for aggregate gross proceeds of C$96,400,000 to the Company and C$72,300,000 to the Selling Shareholder.

Full Article: globenewswire.com