• DATVF.ATLPHL
    1.977
    0.052
    2.7%
  • DATVF.CHIATL
    1.901
    0.003
    0.2%
  • DATVF.DALLAX
    1.446
    0.003
    0.2%
  • DATVF.LAXDAL
    1.318
    -0.092
    -6.5%
  • DATVF.SEALAX
    1.017
    -0.041
    -3.9%
  • DATVF.PHLCHI
    1.094
    0.004
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  • DATVF.LAXSEA
    2.162
    -0.084
    -3.7%
  • DATVF.VEU
    1.657
    0.020
    1.2%
  • DATVF.VNU
    1.543
    -0.029
    -1.8%
  • DATVF.VSU
    1.382
    -0.045
    -3.2%
  • DATVF.VWU
    1.589
    -0.063
    -3.8%
  • ITVI.USA
    10,426.310
    -84.160
    -0.8%
  • OTRI.USA
    12.050
    -0.110
    -0.9%
  • OTVI.USA
    10,424.030
    -83.420
    -0.8%
  • TLT.USA
    2.720
    0.000
    0%
  • WAIT.USA
    151.000
    -8.000
    -5%
  • DATVF.ATLPHL
    1.977
    0.052
    2.7%
  • DATVF.CHIATL
    1.901
    0.003
    0.2%
  • DATVF.DALLAX
    1.446
    0.003
    0.2%
  • DATVF.LAXDAL
    1.318
    -0.092
    -6.5%
  • DATVF.SEALAX
    1.017
    -0.041
    -3.9%
  • DATVF.PHLCHI
    1.094
    0.004
    0.4%
  • DATVF.LAXSEA
    2.162
    -0.084
    -3.7%
  • DATVF.VEU
    1.657
    0.020
    1.2%
  • DATVF.VNU
    1.543
    -0.029
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  • DATVF.VSU
    1.382
    -0.045
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  • DATVF.VWU
    1.589
    -0.063
    -3.8%
  • ITVI.USA
    10,426.310
    -84.160
    -0.8%
  • OTRI.USA
    12.050
    -0.110
    -0.9%
  • OTVI.USA
    10,424.030
    -83.420
    -0.8%
  • TLT.USA
    2.720
    0.000
    0%
  • WAIT.USA
    151.000
    -8.000
    -5%
CanadaNewsTrucking

Highlight Motor Group gets $55 million boost from private equity investment

Crédit Mutuel Equity’s investment in Canadian-based carrier will fund expansion

Canadian-based carrier Highlight Motor Group (HMG) received a $55 million minority stake investment from private equity firm Crédit Mutuel Equity, a subsidiary of French-based banking group Crédit Mutuel Alliance Fédérale.

The investment is aimed at supporting HMG “in its continued growth in the very dynamic North American market,” stated the press release. “It will also finance an ambitious development plan.” 

Specific details about the company’s expansion plan were not disclosed.

Headquartered in Ontario near Toronto, HMG offers logistics, transportation and warehousing throughout North America. The carrier utilizes a fleet of more than 430 tractors and over 800 trailers to provide temperature-controlled shipment of hazardous products.

“Our company is growing rapidly and we welcome a leading minority shareholder. It was important for us to join forces with a reliable investor who shared our long-term vision, and this partnership will allow us to accelerate our expansion in North America,” said HMG President and CEO Kirk Kalinitchenko.

In addition to its headquarters, HMG operates facilities in New Jersey, Los Angeles and Chicago. The company reported $120 million of consolidated sales in 2018.

HMG is listed as No. 65 on Today’s Trucking’s 2018 biggest fleets in Canada.

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Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.

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