Mullen Group Ltd. (TSX: MTL) consists of a group of transportation companies that operate in three distinct business segments: Less-than-Truckload (LTL), Logistics & Warehousing (L&W), and Specialized and Industrial Services (S&IS). While we wrote about Mullen in our February 19 Weekly Commentary (Issue No. 7), we are following up on the heels of Mullen’s Q1/2021 earnings call that was held last Thursday (April 22). In January, Mullen management disclosed their intention to pursue strategic acquisitions in the LTL and L&W segments. True to their word, Mullen moved forward with two acquisitions in the first quarter.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
