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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