Marcels Truck Service Ltd.
has been acquired by
Phoenix Oilfield Hauling Inc.
vendor advised by
Marcels Truck Service, an existing tax and audit client at the time of engagement, needed a top M&A advisor to oversee a timely divestiture process. A prompt sale of the company was needed in the midst of a decrease in industry activity.
PwC leveraged its industry network to bring the right buyers to the table, and oversaw an auction process that allowed for Marcels’ full divestiture despite the negative state of the market.
Marcels Truck Service Ltd. sold to Phoenix Oilfield Hauling Inc., a publicly traded company on the TSX Venture Exchange. Phoenix's resources will provide Marcels Truck Service with access to new markets, new internal talent and a source of growth capital for years to come.
Tony D’Andrea (CFA) is a director in our Advisory Services practice. He is a senior finance specialist who has spent a number of years involved with corporate deal transactions related to divestitures, acquisitions and corporate finance. He has been directly involved with M&A mid-market transactions for the past five years. Prior to this, Tony spent 17 years with a big-five financial institution where he was involved in complex debt transactions for mid-market businesses in a variety of industries including oil and gas, manufacturing, distribution, transportation and real estate.