Truck fleet operator Canada Cartage has signed an agreement to buy Walmart Fleet ULC, the retail giant's fleet business.
Headquartered in Mississauga, Ontario, Walmart Fleet services Walmart’s more than 400 stores in the country. Canada Cartage will operate the fleet as a dedicated operation.
According to a press release January 30, Walmart Canada chose to sell its fleet business so it can focus on expanding its stores and supply chain across Canada.
“Our acquisition of Walmart Fleet reflects our commitment to expanding our network and bringing dedicated fleet transportation solutions to more customers across Canada,” said Scott Lane, president of Canada Cartage.
“This decision is part of our broader growth ambitions and strategy to focus on what we do best: delivering value to our customers,” said Matt Kelly, vice president, supply chain, Walmart Canada. “We are confident fleet employees will benefit greatly from Canada Cartage’s leadership. They’re very well-respected, and we know their culture is the right fit for fleet employees and our business.”
Canada Cartage said that, subject to the satisfaction of customary closing conditions, the transaction to acquire Walmart Fleet ULC is expected to close in the coming weeks.
