One-Page Deal Sheet
Gibson Energy Sells Off Canadian Trucking Biz for $100MM
Not Disclosed Gibson Energy Inc.
Announced Date
April 03,2019
Close Date
July 02,2019
Transaction Type
Asset
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Gibson Energy Inc. has sold its Canadian Truck Transportation business for approximately $100 million.
The buyer was not disclosed.
This deal closed on July 2, 2019.
Steve Spaulding, President and Chief Executive Officer, said: “We are pleased to announce the sale of Canadian Truck Transportation, concluding our non-core disposition process for total proceeds in-line with our initial expectations. Through these divestitures, we have focused our business around our core energy infrastructure assets, significantly high-graded our quality of cash flows and have ensured that we are fully-funded…
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