We are pleased to announce that Andlauer Healthcare Group (AHG) closed its previously announced acquisition of Boyle Transportation. Bengur Bryan acted as the exclusive financial adviser to Boyle Transportation in its announced sale to AHG.
The purchase price for Boyle Transportation was approximately $80 million, subject to customary purchase price adjustments, and was satisfied through the issuance of 522,116 subordinated voting shares and cash of approximately $60 million.
Boyle Transportation provides specialized transportation services to clients in the life sciences and government/defense sectors. Boyle Transportation joins AHG’s comprehensive platform of dedicated healthcare supply chain solutions and continues to be led by the existing leadership team.
“We’re proud to join the Andlauer team,” stated Andrew Boyle and Marc Boyle, Co-Presidents of Boyle Transportation. “As part of the highly regarded AHG platform, we are confident that this strategic move will help Boyle Transportation and AHG deliver a broader suite of services to our valuable clients and apply our expertise on a greater scale.”
“We are pleased that we could utilize our deep industry knowledge to maximize value for Boyle Transportation,” said Scott Bass, Managing Director of Bengur Bryan. “We look forward to seeing the continued growth of Boyle Transportation as a part of AHG.”