Mullen Group Ltd. To Acquire Leading Customs Brokerage Company

Core Viewpoint - Mullen Group Ltd. has entered into a definitive share purchase agreement to acquire the Cole Group, a leading logistics services company, pending regulatory approvals [1][3]. Company Overview - Mullen Group is a public company with a significant history of acquiring companies in the transportation and logistics sectors, boasting one of the largest portfolios of logistics companies in North America [8]. - The Cole Group is a privately owned logistics services company specializing in customs brokerage, freight forwarding, and trade consulting, with over 700 employees and 43 locations across Canada and the U.S. [2][6]. Strategic Fit - The acquisition of the Cole Group aligns closely with Mullen Group's U.S. & International Logistics segment, enhancing its offerings in customs brokerage and trade consulting, which are currently high-demand services [3]. - The Cole Group's existing leadership team will continue to manage the company post-acquisition, ensuring continuity in its operations and values [4]. Financial Aspects - Mullen Group plans to finance the acquisition using its existing cash and credit facilities [5].