The Canadian supply chain company handles temperature sensitive products for industries including food.
CPX is a refrigerated carrier specializing in the shipping of perishable and ambient products throughout Canada and the USA.
The acquisition comes one month after VersaCold's bought Gary Heer Transport and the launch of a subsidiary, VersaCold North America Transportation Solutions (VNATS).
Douglas Harrison, president and CEO of VersaCold, said it was a ‘major step’ towards being Canada's premiere, fully integrated, total supply chain provider.
“Through partnerships with exceptional companies like CPX, we live our vision of being our customer's most trusted and reliable long-term partner by providing new and innovative solutions and services that provide stability and peace of mind, allowing them to focus on what matters most – the satisfaction, health and wellness of their valued consumers."
CPX will continue as its own entity while enhancing VersaCold's growth in the cross-border transportation market segment, including truckload and less-than-truckload capabilities.
It employs 150 administrative staff and 400 independent contractors/owner operators throughout locations in Surrey and Nanaimo in British Columbia, Calgary and Edmonton in Alberta, and Oakville, Ontario.
Scott McIntosh, president of CPX, said it was ‘proud’ to join VersaCold and to be a part of the company's expansion into cross-border transportation services.
"VersaCold and CPX service many of Canada's leading companies and it was clear to us that, when partnered, we would only be stronger and more empowered to provide solutions and services that enable our exceptional clients to achieve great business results."