On April 24, 2025, United Parcel Service, Inc. (UPS) announced its agreement to acquire Andlauer Healthcare Group Inc. (AHG) in an all-cash transaction valued at approximately US$1.75 billion, equivalent to about C$2.4 billion at the time of announcement. Under the terms of the agreement, AHG shareholders will receive C$55.00 per share, reflecting a 31.1% premium over AHG’s last closing price and a 38.4% premium over the 30-day volume-weighted average trading price. The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.

The acquisition is set to enhance UPS Healthcare’s integrated logistics network, adding AHG’s temperature-controlled transportation and distribution capabilities across Canada. AHG’s headquarters will remain in Vaughan, Ontario, and the company will continue operating under its current management structure.

Goodmans LLP is serving as legal counsel to AHG, while Stikeman Elliott LLP and King & Spalding LLP are acting as legal advisors to UPS. Financial advisory support for AHG, its board, and its special committee is being provided by CIBC Capital Markets. UPS is being advised by BofA Securities in connection with the transaction.

This strategic move highlights UPS’s continued investment in its healthcare logistics division, strengthening its service capabilities across North America with an emphasis on specialized cold-chain and time-sensitive healthcare distribution.