Andlauer Healthcare Group Announces Closing of Acquisition of 100% of Logistics Support Unit

March 1, 2022

TORONTO, March 1, 2022 /CNW/ – Andlauer Healthcare Group Inc. (TSX: AND) (“AHG” or the “Company“) today announced that it has closed its previously announced acquisition (the “Acquisition“) of 100% of Logistics Support Unit (LSU) Inc. (“LSU“).

The purchase price for LSU was approximately $30 million (subject to customary purchase price adjustments) and was satisfied through the issuance of 154,639 subordinate voting shares and cash of approximately $22.5 million. AHG financed the cash portion of the purchase price for the Acquisition through a combination of cash on hand and by drawing on the Company’s credit facilities.

Established in 2008, LSU is a third-party logistics provider offering specialty pharmacy, warehousing, distribution and order management services throughout Canada to national and international companies as well as government clients in the pharmaceutical, medical and biotechnology sectors. LSU is also the exclusive distributor of immunizing agents for the Québec public health system.

“We are thrilled to officially be welcoming the LSU team to Andlauer Healthcare Group”, stated Michael Andlauer, Chief Executive Officer of AHG.

“We’re proud to be joining the Andlauer team,” stated Johanne Bissonnette, President of LSU. “We look forward to continued growth as a new member of the highly regarded AHG platform.”


Goodmans LLP acted as legal counsel to AHG,  and JGW Business and Tax Law Inc. acted as legal counsel to LSU

About LSU

LSU is a first class provider of third-party logistics (“3PL”) services exclusively for the pharmaceutical, medical and biotechnology sectors and is also an exclusive distributor of immunizing agents for the Québec public health system. LSU’s mission is to integrate optimal logistical solutions by providing expertise and quality services in the areas of customer service, warehousing and distribution, tailored to the needs of every client. For more information on LSU, please visit:

About AHG

AHG is a leading and growing supply chain management company offering a robust platform of customized 3PL and specialized transportation solutions for the healthcare sector. The Company’s 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada. AHG’s specialized transportation services in Canada, including air freight forwarding, ground transportation, dedicated delivery and last mile services, provide a one-stop shop for clients’ healthcare transportation needs. Through its complementary service offerings, available across a coast-to-coast distribution network, AHG strives to accommodate the full range of its clients’ specialized supply chain needs on an integrated and efficient basis. The Company also provides specialized ground transportation services, primarily to the healthcare sector, across the 48 contiguous U.S. states. For more information on AHG, please visit:

Forward Looking Information

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including statements regarding the anticipated benefits of the Acquisition. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or, “will”, “occur” or “be achieved”, and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. 

Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the acquired company will not perform in accordance with expectations and past history; the risk that the acquired company may not be efficiently integrated or that synergies will not be realized; and those other risks discussed in greater detail under the “Risk Factors” section of our Annual Information Form which is available under our profile on SEDAR at If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. 

There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, AHG assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

SOURCE Andlauer Healthcare Group Inc.

For further information: Peter Bromley, Chief Financial Officer, Tel: (416) 744-4900; Bruce Wigle, Investor Relations, Tel: (647) 496-7856