Caravan Transport Group Inc. Completes Purchase of Assets of Monarch Messenger Services LTD in Calgary, AB

CALGARY, AB--(Marketwired - April 29, 2015) - John Iwaniura, President of Caravan Transport Group Inc., is pleased to announce the successful acquisition of Calgary-based truckload division of carrier Monarch Messenger Services LTD including linehaul, city tractor and dedicated division. Caravan retained all employees directly associated with any of these 3 divisions. Caravan Transport Group will use the Monarch name for a transition period and will operate from terminal located in Calgary, AB.

"By purchasing assets of the TL division of Monarch Messenger Services Ltd. Caravan Transport Group Inc. is able to further expand and enhance our presence in Western Canada for the benefit of our customers by completing next step in our growth strategy."

Murry Carson, CFO of Monarch Messenger simply said:

"We are very satisfied with the outcome of this sale. Caravan team worked tirelessly with us for the entire process and we are appreciative of all of their assistance. This acquisition would not have been successful without their knowledge, expertise and persistence. We like Caravan Transport Group leadership team and corporate culture, and look forward to building a successful partnership together, and with our customers"

"This is an exciting time for all of us including our new and existing customers. Additional services and capacity will be made available right across our network. It is Caravan's goal to continue the high retention and safety record success held by these professional drivers. A well run driver force is the key to success of any transportation company" - Derek Koza, General Manager of Caravan Transport Group Inc.

Denis Iwaniura, Director of Business Development added:
Caravan Transport Group has the resources and national footprint to help Monarch customers achieve more efficient and cost effective supply chain solutions. We are very excited about adding local culture, expertise and experience of Monarch team."

Caravan Transport Group Inc. is privately owned, asset based carrier with headquarters in Oakville, ON and terminals in Quebec, Manitoba, Saskatchewan and Alberta. Caravan's objective is to provide our customers with a level of service that not only meets their needs but exceeds their expectations. Caravan prides itself on our team of transportation professionals who work together with our customers to ensure seamless freight movements on time, every time.