Cross-border parcel service carrier General Logistics Systems (GLS) is acquiring Rosenau Transport, one of the largest independent freight carriers in Western Canada with 24 owned hubs and depots throughout four provinces.
Rosenau Transport has a complementary service area to GLS's existing Canadian business. With this expansion of its existing operational activities in Canada, the service area of GLS now covers most of the Canadian population and will unlock growth opportunities in Canada and the U.S.
"With this acquisition, GLS expands its service in Canada significantly and aims to play a significant role as a national logistics provider for parcels, LTL, FTL and customers brokerage with U.S. reach", said Martin Seidenberg, CEO of GLS Group. "With its strong presence in Western Canada, high quality and entrepreneurial culture, as well as freight capabilities and parcel potential, Rosenau Transport's model is similar to our existing Canadian business and provides an excellent fit."
Rick Barnes, president of GLS Canada, said linking the two regional carrier networks together (with direct service to most cities and towns in the country) will produce "one of the most integrated transportation systems in Canada. The extended geographical reach will provide our 30,000 clients with a new national and international alternative for all of their shipping needs."
Rosenau Transport will continue to be led by current president Ken Rosenau, and will be fully consolidated within GLS for reporting purposes once the transaction closes.
