Gibson Energy sold its Canadian Truck Transportation business
to Trimac Transportation for $100 million prior to closing adjustments and contingent
bonus payments to Gibson. The sale completed Gibson’s series of non-core asset sales,
which raised $325 million since January 2018.
In exchange for all its Canadian Truck Transportation assets, Gibson
will receive $70 million, with potential performance bonuses over the
next four years. An entity affiliated
with Trimac will buy a Gibson field
office and shop facilities on 31 acres in
Edmonton, Alberta,......
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