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				Paul's Hauling sells off Gardewine division
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					Posted: 
					
						Dec 3, 2008 01:12 PM
					
					|
					Last Updated: Mar 27, 2012 09:17 AM
				
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				<p>WINNIPEG -- One of Canada's largest private for-hire carriers continues to trim down.</p>
<p><a target="_blank" href="http://www.paulshauling.com/">Paul's Hauling Group</a> of companies has sold the <a target="_blank" href="http://www.gardewine.com">Gardewine Group</a> to Calgary-based private- equity firm <a target="_blank" href="http://www.triwest.ca/">TriWest </a>Capital Partners, the Winnipeg Free Press reports.</p>
<p>Financial details of the sale were disclosed.</p>
<p>The deal comes just a little more than a year after owner Paul Albrechtsen sold liquid bulk hauler Westcan Bulk of Edmonton to the same firm.</p>
<p>TriWest subsequently merged Westcan with ice hauler <a target="_blank" href="http://www.rtl.ca/">RTL Robinson</a> to create one of the largest niche commodity carriers in Western Canada.</p>
<p>According to the report, the operations of Winnipeg-based Gardewine -- mainly a general goods LTL hauler with a strong presence in Manitoba, Northern Ontario and Saskatchewan -- will not be affected by the sale.</p>
<p>Gardewine's senior management team has retained a significant ownership stake in the Gardewine Group.&nbsp;</p>
<p>Paul's Hauling has been routinely ranked as one of the top 10 largest for-hire carriers in Canada by <a target="_blank" href="http://www.todaystrucking.com/top100_2008.cfm">Today's Trucking</a>. In 2008, though, it dropped to 19, from the ninth largest the year before, with 2,200 power units and trailers.</p>
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