Mullen Group Buys Customs Broker Willson International, Adding $80M in Annual Revenue
MLLGF has more than doubled off its 52-week low of $8.5.
Summary
Mullen Group agreed to acquire customs broker Willson International, folding a 330-employee, century-old trade compliance business into its Cole International brokerage operations across Canada and the US. Willson is expected to add roughly $80M in annual revenue at margins in line with the Logistics & Warehousing segment, with minimal capex beyond technology and positive free cash flow. The deal is funded from existing cash, so no dilution, but Mullen did not disclose the purchase price or EPS impact — that limits how much anyone can underwrite the value today. Strategically it diversifies revenue toward fee-based, low-capital services that hold up when freight volumes swing. Closing is expected in Q4; watch the price tag and any EPS guidance when terms surface.
At the time of this announcement, MLLGF was trading at $18.95 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $8.50 to $20.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.