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Boyle Transportation’s sale finalized

Boyle Transportation’s sale finalized
Boyle Transportation has been sold to a Canadian healthcare company. (Courtesy: Boyle Transportation)

BALTIMORE — Canadian company Andlauer Healthcare Group (AHG) has closed its deal to purchase Boyle Transportation for approximately $80 million.

According to a news release from investment banking firm Bengur Bryan, which brokered the deal, the purchase price was achieved through the issuance of 522,116 subordinated voting shares and cash of approximately $60 million.

Kiowa, Oklahoma-based Boyle Transportation provides specialized transportation services to clients in the life sciences and government/defense sectors.

Boyle Transportation joins AHG’s “comprehensive platform of dedicated healthcare supply chain solutions and continues to be led by the existing leadership team,” according to a news release from Bengur Bryan.

“We’re proud to join the Andlauer team,” stated Andrew Boyle and Marc Boyle, co-presidents of Boyle Transportation. “As part of the highly regarded AHG platform, we are confident that this strategic move will help Boyle Transportation and AHG deliver a broader suite of services to our valuable clients and apply our expertise on a greater scale.”

 

 

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The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
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