Announcements

February 19, 2021 – HALIFAX, NS – Cape Breton based Seaboard Transportation Group has announced it will acquire Armour Transportation Systems.

The family-owned Armour Transportation Systems, with headquarters in Moncton, NB, is one of Canada’s leading transportation specialists with over 2,000 employees, 24 terminals and more than 4,000 pieces of equipment. With its affiliated companies, belmont stakes 2024including Armour Courier Services, Armour Logistics Services, Diamond’s Transfer Ltd., Hillman’s Transfer Limited, Pole Star Transport, RJS Terminals, Triple B Trucking and Way’s Transport Ltd., the company serves local, national, and international markets.

Also family owned, the Seaboard Transport Group owns numerous transport brands across Canada and the United States. The company is a recognized leader in the bulk truckload industry and in recent years has added rail terminal transload services and options for bulk storage of dry and liquid products.

Armour will continue to operate under the Armour Transportation Systems brand name with the bulk of its operations remaining in Moncton.

Joe Shannon, owner of the Seaboard Transport Group said the purchase of the Armour operations represents an excellent opportunity to grow its diversified operations with a highly respected company whose culture and commitment to its customers mirrors Seaboard’s. “We have shared Canada’s roadways for 50 years,belmont stakes time 2024” said Joe. “We have come to admire and appreciate the Armour family’s work ethic and reputation. We look forward to continuing their tradition of excellence as a member of the Seaboard group.”

Wes Armour, President and Chief Executive Officer of Armour Transportation Systems, called the sale of his family business a difficult decision but one that was made easier knowing the new owners share his company’s values. “Like us, the Seaboard group is a private, family-owned company with roots in Atlantic Canada. Seaboard has similar exceptional values and a corporate culture that makes me very comfortable about the future of the Armour company and our dedicated employees,” he said.

Financial terms of the transaction will not be disclosed. The completion of the transaction is subject to the satisfaction of typical closing conditions, including obtaining all regulatory approvals and clearances. CIBC Capital Markets acted as financial advisor to Armour Transportation Systems.

Message from our President regarding COVID-19

As an organization that operates across North America, our priority belmont stakes time 2024is always the health and safety of our customers, workforces, and the communities through which we travel.

We have been closely monitoring developments related to the COVID-19 pandemic within Canada and the U.S. We recognize this is a challenging time for our customers, suppliers, employees, and contractors. We have taken all measures necessary to equip our employees and contractors with the tools they need to operate safely and to protect themselves and their families. Our pandemic and business continuity planning have allowed us to continue to operate safely despite the challenges posed by the pandemic spread across North America.

I want to express my gratitude for the hard-working professional men and women who continue to operate safely throughout our organization. Their tireless efforts have ensured that we continue to serve our customers during this period of uncertainty.

The impact of COVID-19 on communities and the economy will be significant. We wish our business partners the best in navigating the weeks to come. We belmont stakes bettingwant to assure our customers that we will be ready to deliver and are prepared to emerge from this pandemic as a strong and viable organization. Working together as a community, we will overcome these challenges together.

We remain committed to the health and safety of our employees and contractors while continuing to provide safe, reliable, and professional service that our customers have come to expect from us throughout our 55 years in business.

Mark Shannon
President
Seaboard Group of Companies