Mubadala to acquire Canada Cartage.

Mubadala, an Emirati state-owned holding company, agreed to acquire Canada Cartage, a logistics platform that provides dedicated national fleet solutions, general freight services, managed transportation, fulfilment & distribution, and home delivery services to some of Canada’s largest blue-chip companies in the grocery, food, retail, and e-commerce sectors. Financial terms were not disclosed. "We have built our private equity business by partnering with exceptional management teams that run great companies. Canada Cartage is a prime example of both, and one that operates in a sector where we have significant expertise: business services. Since its founding in 1914, the Company has grown to play a critical role in Canada’s economy by supporting a wide range of essential sectors through economic cycles. The events of the last two years have reinforced how important it is to effectively manage the supply chain, for companies as well as consumers. We look forward to continuing to work with Canada Cartage’s management team, employees, and customers to build on the company’s strong legacy and support its next phase of growth," Adib Martin Mattar, Mubadala Capital Head of Private Equity.