Parties
Company
Fleet Brake Parts & Services Limited
Company
Trailine Trailer Parts Ltd.
On April 12, 2024, Trailine Trailer Parts Ltd. announced its acquisition by Fleet Brake Parts & Services Limited, a subsidiary of Parts for Trucks, Inc. This strategic move aims to expand Fleet Brake's national presence in the heavy-duty trucking industry, enhancing its service capabilities across Canada.
The acquisition includes all issued and outstanding shares of Trailine, integrating its operations into Fleet Brake's extensive network. This expansion results in a combined entity operating 30 parts warehouses and 14 service facilities nationwide.
Fasken advised the shareholders of Trailine, with a team comprised of Brad Schneider and Samuel Kalmakoff (Mergers and Acquisitions) and Matthew Allard (Labour and Employment).
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
12 April 2024