M&A Summary

KOOL PAK acquires Canada’s Polar Express Transportation

KOOL PAK announced it has acquired British Columbia-based carrier Polar Express Transportation, to expand regularly scheduled delivery services into and throughout Canada. The move strengthens both KOOL PAK and Polar Express Transportation’s ability to transport, store and deliver temperature-controlled LTL shipments throughout Canada and the US.
“Regardless of which side of the northern border we’re on, any product entrusted to us will be well cared for and in our control” said KOOL PAK CEO Steve Ness. “KOOL PAK has a great reputation and will provide the necessary resources to help us continue to grow and serve our customers” said Polar Express owner and General Manager Jamie Plowman.
Among the assets acquired is a warehouse and cross-dock facility located in Langley, British Columbia, which offers temperature-controlled protection for products while in transit. The sale also includes new model tractors and dual-temperature, refrigerated trailers.
Polar Express Transportation will continue to operate under its current name and management. KOOL PAK’s US headquarters will provide transportation management systems and other resources in support of its Canadian operations.

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