Kriska snaps up cold-chain carrier Sharp in cross-border play

Kriska Transportation Group has acquired Sharp Transportation Systems, a Canada-based bearer specializing successful temperature-controlled freight and cross-border logistics, the companies announced.

Sharp Transportation, headquartered successful Cambridge, Ontario, operates a fleet of astir 29 trucks and drivers and focuses connected hauling delicate freight specified arsenic pharmaceuticals and refrigerated goods crossed Canada and the U.S.

The acquisition adds to Kriska’s increasing footprint successful cross-border and specialized freight, peculiarly successful temperature-sensitive shipments.

Executives said the woody volition grow work capabilities successful the Midwest and Northeast U.S. portion strengthening cross-border sum betwixt Canada and the U.S.

Sharp has terminals successful Cambridge, Ontario, Montreal and Calgary, arsenic good arsenic a terminal successful Holland, Michigan.

Kriska Transportation Group says it operates much than 800 trucks crossed its web of companies, though U.S. national information shows astir 187 powerfulness units nether its superior U.S.-registered bearer authority, reflecting the company’s multi-entity operating structure.

Sharp’s existing operations — including its expertise successful pharmaceutical proscription and strategically located terminals — are expected to complement Kriska’s broader network, enhancing flexibility and capableness for customers.

“The Sharp squad volition support providing the aforesaid service, responsiveness, and attraction they’re known for,” Kriska said successful a LinkedIn post, adding that customers should spot “expanded capabilities” and further resources pursuing the integration.

Kriska–Sharp deal: By the numbers

Acquirer:

• Kriska Transportation Group (Kriska Holdings Ltd.)

• ~187 powerfulness units, ~180 drivers

• Services: truckload, cross-border freight, refrigerated, bulk commodities

• Core lanes: Canada–U.S. (Midwest, Northeast focus)

Target:

• Sharp Transportation Systems (Cambridge, Ontario)

• ~29 powerfulness units, ~29 drivers

• Specialties: temperature-controlled freight, pharmaceuticals, delicate cargo

• Cross-border operations crossed Canada and the U.S.

Strategic fit:

• Expands refrigerated and pharma logistics capabilities

• Adds density successful cross-border lanes (Midwest, Northeast)

• Enhances work for high-value, time-sensitive freight

The acquisition besides highlights Kriska’s relation wrong the broader ecosystem tied to Mullen Group, 1 of Canada’s largest logistics companies.

Mullen Group holds a important number involvement successful Kriska Transportation Group dating backmost to a 2014 investment, erstwhile it contributed assets successful speech for a 30% equity interest, portion Kriska’s enactment retained a controlling 70% stake.