Transport trucks near the Port of Vancouver.DARRYL DYCK/The Canadian Press
Part of the original Pride Group Holdings Inc. trucking empire will live on after liquidation.
The company’s original co-founders, brothers Sam and Jas Johal, have secured financing to repurchase Pride Group Logistics Ltd. for $54.5-million, according to a report from Ernst & Young LLP, the company’s court-appointed monitor. Mississauga-based Pride Group filed for creditor protection in March, 2024, with $1.6-billion in debt after defaulting on more than 40 loans and was ordered to begin selling off its assets five months later.
The logistics business employs more than 500 people and includes 1,459 trucks and trailers. More than 1,000…
