Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

hbspt.forms.create({ portalId: "6064756", formId: "bf5764dd-77b3-434c-8924-625d88fad42b" });

Sub Markets

Property Sectors

Topics

Quebec  + Canada  + Industrial  | 
Metro Supply Chain has agreed to acquire third-party logistics firm SCI Group.

Metro Supply Chain to Acquire SCI

Metro Supply Chain has agreed to acquire third-party logistics firm SCI Group from Canada Post and its subsidiary Purolator.

The sellers and Montreal-based Metro Supply Chair are finalizing the transaction, which is expected to close in the first quarter of 2024. Financial terms were not disclosed.

“The move comes as Canada Post focuses on transforming to serve the changing needs of Canadians and Canadian businesses,” said the company in a news release.

SCI specializes in warehousing fulfillment, supply-chain solutions and transportation management. The company operates 75 locations totalling about four million square feet and has approximately 3,000 employees.

“We’re pleased this move will help to further strengthen an established Canadian logistics leader, while allowing us to focus our efforts on continuing to lead in the rapidly growing ecommerce market,” said Doug Ettinger, Canada Post’s president and CEO, in a news release.

The deal is subject to regulatory approval.

Connect

Inside The Story

Doug EttingerMetro Supply Chain

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

New call-to-action