Parties
Company
Canada Cartage
Company
Walmart Canada
Canada Cartage announced on January 30, 2025 that it signed an agreement to acquire Walmart Fleet ULC, Walmart Canada’s dedicated fleet operation based in Mississauga, Ontario. Walmart Fleet services over 400 stores across Canada. The acquisition aligns with Walmart Canada’s strategy to focus on retail expansion while allowing Canada Cartage to strengthen its fleet outsourcing business. Canada Cartage will operate Walmart Fleet as a dedicated unit to ensure business continuity.
The deal is expected to close in the coming weeks, subject to customary conditions.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date