Express Mondor announced the acquisition of W.J. Deans
Transportation, making the new company one of Canada's largest flatbed
trucking groups. This transaction, which unites the two Quebec-based
companies, was carried out with support from National Bank Private
InvestmentTM (NBPI) and Desjardins Capital, which will
become equal minority shareholders of Express Mondor and its
Express Mondor was founded in 1995 by brothers Billy, Dany and Éric
Mondor. It specializes in oversized loads and heavy equipment hauling.
It operates the subsidiaries Express Mondor (oversized transportation,
particularly in the steel and agriculture sectors), Transport
L’Épiphanie (heavy transportation services for major infrastructure
projects and the heavy machinery sector) and Les Établissements Dubois
(specialized in such sectors as entertainment and metals). The group
has a fleet of 130 trucks and 425 trailers driven by experienced
truckers that embody operational discipline and safety. The company
was ranked among the 100 largest SMEs in Quebec by Les Affaires and
operates one of Quebec's 20 largest fleets, according to the 2022
ranking from Transport Routier.
Bill Deans founded W.J. Deans Transportation in 1986. The company
specializes in the transportation of metals using cutting-edge
equipment. It is headquartered in Delson and has a terminal in Stoney
Creek, Ontario. In addition to the 35 company-exclusive owner
operators, W. J. Deans Transportation has a fleet of 40 trucks and 125
trailers, as well as a team with in-depth experience in the
transportation of heavy metallurgical goods. The leadership of the
company has stayed in the family. Its top executives, Victoria and
Valérie Deans will remain with the new company to support the transition.
"The specialized trucking industry remains fragmented and
offers many opportunities for an organization like ours, with a
recognized track record, a strong brand image, a solid financial base
and a clear growth plan. The acquisition of a high-profile company
like W.J. Deans Transportation, which already serves a number of U.S.
states and major clients, will allow us to increase our presence
across North America. I want to welcome the whole W.J. Deans
Transportation team and thank them for trusting us. Together, we can
go farther," said Éric Mondor, President and Chief Executive
Officer of Express Mondor.
"We're very proud of the high-level expertise we've built at
W.J. Deans Transportation over the past 35 years. This expertise will
continue to grow as part of Express Mondor, a transportation company
that shares our passion and values. We are enthusiastic about
amplifying our existing synergies and accelerating our growth plan
with our team," said Victoria and Valérie Deans, respectively,
President and Vice-President of W.J. Deans Transportation.
"Express Mondor has an excellent reputation. The company
focuses on the needs of its clients and will now achieve a critical
size that will enable it to take on large-scale projects," said
Luc Ménard, Executive Vice-President, Managing Director and Head of
Private Investments at National Bank. "NBPI supports dynamic
entrepreneurs with a distinctive vision for developing their
companies. It also offers investing retail clients of National Bank
local impact and diversified investment opportunities by allowing them
to join us in helping these companies grow."
"By participating in several key structural projects such as
the construction of the Champlain Bridge and the REM, as well as a
number of major energy projects, Express Mondor has built an
outstanding reputation in the oversized transportation industry,"
said Marie-Hélène Nolet, Chief Operating Officer at Desjardins
Capital. "Acquiring W.J. Deans Transportation will allow the
company to achieve a better position in Ontario and diversify its
client base and services. Desjardins Capital is very proud to support
the growth of this family business."