
Pride Group founders Sam and Jas Johal have secured financing to continue operating Pride Group Logistics, the trucking operations of Pride Group Entities, which has been under Companies’ Creditors Arrangement Act (CCAA) proceedings since last March.
Vancouver-based Maynbridge Capital announced it has provided a term loan, saving 300 jobs and avoiding a “major liquidation event.”

The Johals engaged Maynbridge to assist with the acquisition of the trucking operations, which faced a court ordered sale.
“This partnership is a great example of why we built Maynbridge: supporting Canadian businesses when traditional banks have turned their backs,” said Dean Shillington, president of Maynbridge Capital.
“The Johal family’s determination to rebuild and grow Pride Group Logistics aligned perfectly with our approach to transitional lending. We are proud to have played a role in preserving hundreds of jobs and ensuring the continued operation of a key player in North American logistics.”
“Maynbridge Capital’s involvement was critical to securing this deal and enabling us to preserve the legacy of our family business,” added Aman Johal, president of Pride Group Logistics. “Two years of declining customer demand and rising interest rates created immense challenges, but their unique approach gave us the confidence and financial support we needed to navigate this pivotal moment for PGL.”
Maynbridge has been in business for 10 years and claims to have saved more than 100 businesses from bankruptcy, helping owners through periods of debt restructuring and unpredictable cash flows.
Last year, the court approved a sale of Pride Group Logistics to the Johal brothers for more than $56 million.
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