On December 1, 2021, Royal Mail plc announced that its subsidiary, General Logistics Systems Canada Ltd. (GLS), completed the acquisition of Canadian logistics company Mid-Nite Sun Transportation Ltd. (Mid-Nite), one of the largest independent freight carriers in Western Canada that operates as Rosenau Transport. The shareholders of Mid-Nite are (via holding companies) members of the Rosenau family, the Rosenau Transport management team and their families. The total consideration is C$360 million on a debt and cash-free basis.
The combination of the two businesses will unlock significant growth opportunities for GLS with new and existing customers in both the Canadian and US markets. Mid-Nite will become part of Royal Mail’s GLS international freight and parcel arm, and give the company reach across Canada. The deal will allow Mid-Nite to add parcel delivery to its main freight business. The Rosenau network will also tie into existing GLS routes on the U.S. West Coast, extending its cross-border capacity.
A Fasken team including Antonella Penta (M&A), Brendan Sawatsky (M&A), Alexandra Freedman (M&A), Antonio Di Domenico (Competition), Justine Reisler (Competition), Sergio Custodio (Real Estate) and Kristian Arciaga (Real Estate) acted as counsel to General Logistics Systems Canada Ltd. in connection with this acquisition.
Jurisdictions
- Québec
- Alberta
