QSL, Groupe Robert (Watson and Sycamore) and Express Mondor have marked a milestone in their development with the signing of an agreement in principle to create one of the largest heavy hauling and oversized transportation consortiums in Eastern Canada.
The three industry leaders are setting the stage to consolidate their strategic positioning, accelerate their growth and enhance the range of services offered to their clients. QSL will be the majority shareholder of the new entity, Mondor-Watson, while Mondor’s team will run daily operations. Groupe Robert will remain shareholder in the new consortium where it will play an important role through its expertise in transportation and logistics along with the many synergies with the rest of its network.
QSL, Groupe Robert and Express Mondor are setting the stage for one of the largest consortiums in Eastern Canada.
“At QSL, our vision is clear: to become the North American industry benchmark by supporting the success of our clients, actively participating in the growth of the Canadian and American import and export markets, and making a difference in our communities,” said Robert Bellisle, president and CEO, QSL. ”Today’s announcement is in line with our determination to surpass expectations and go the extra mile for our clients by joining forces with the very best. We are tremendously motivated by this exciting partnership and the new opportunities it offers.”
In the coming weeks, due diligence process will continue with the goal of reaching a final agreement by April 1, 2018. During this period, the companies will continue to operate independently.
Going forward: intermodality
The vertical integration will give the new entity added capabilities, endowing it with new agility and effectiveness. It also paves the way to promising synergy based on intermodality and access to new ports and terminals. This alliance can accommodate its clientele’s environment and combine land and waterway transport to diligently deliver merchandise to destination.
“We are proud to associate ourselves with complementary and strategic partners such as QSL and Express Mondor for continued operations in this industry sector. The consortium will provide many opportunities and a broadened service offering to our clients”, added Michel Robert, president and CEO Groupe Robert Inc.
“We are highly enthusiastic about our future. Above all, we are especially proud to see Quebec leaders join forces to solidify our position as Quebec’s benchmark in the non-standard transportation and handling industry. Our clients will enjoy cutting-edge expertise and enhanced services thanks to the talent and know-how of the 300-plus employees that the new entity will count on for its continued success,” concluded Éric Mondor, president and CEO of Express Mondor.