Canadian transportation and logistics provider TransForce Income Fund announced that it has acquired Rebel Transport Ltd. of Edmonton, Alberta, a specialized trucking company that services the upstream oil and gas industry in western Canada.
Rebel Transport’s fleet moves a variety of heavy oilfield-related equipment and supplies to off-highway jobsites. The company generates revenue of about $13 million annually, according to TransForce.
General Manager Ron Lystang will continue to lead the Rebel management team following the acquisition and will report to Darshan S. Kailly, president and CEO of TransForce operating subsidiary Canadian Freightways. Terms of the transaction, announced Tuesday, Oct. 4, were not disclosed.
“The acquisition of Rebel Transport will enable TransForce unitholders to benefit from our increased participation, through our operating subsidiary Canadian Freightways, in the growing oil and gas exploration business,” said Alain Bédard, chairman of the board, president and CEO of TransForce.