Mullen Group Income Fund ("Mullen"
or the "Fund") is an open-ended income fund that owns a network
of independently operated businesses. Mullen is recognized as the
largest provider of specialized transportation and related services
to the oil and natural gas industry in western Canada and is one
of the leading suppliers of trucking and logistics services in
Canada - two sectors of the economy in which Mullen has strong
business relationships and industry leadership. The Fund's operating
businesses are divided into two distinct business segments: Oilfield
Services and Trucking, which are differentiated by the type of
service provided, equipment requirements and customer needs. Oilfield
Services utilizes its highly trained personnel to provide specialized
transportation services, drilling services, well-servicing equipment
and warehousing to the oil and gas industry. These services include:
drilling rig relocation services, conductor pipe setting, core
drilling, shallow gas and coal-bed methane drilling, casing setting,
transportation of oversize and overweight shipments, pipe stockpiling
and stringing the transportation, handling and storage of oilfield
fluids, tubulars and drilling mud and a broad range of services
related
to the processing
and production of heavy oil, including well-servicing and pumping,
hauling and disposal of fluids. The Trucking segment offers a diversified
range of truckload and less-than-truckload general freight services
to customers in Canada, the United States and Mexico, transporting
a wide range of goods including: general freight, specialized commodities
such as cable, pipe and steel, over-dimensional loads such as
heavy equipment, compressors and over-sized goods, dry bulk commodities
such as cement and other dry bulk goods. In addition, the Trucking
segment also provides logistics, transload and intermodal services
in western Canada.
Organization Structure
Each Mullen business unit is operated as a wholly-owned subsidiary,
with each accountable for its own results, returns on capital
employed
and overall performance.
Administration of the Fund is delegated
to Mullen Group Inc. The head office is comprised of a small group
of individuals, which in addition to managing the Fund, is focused
on providing
the subsidiary
business
units
with
the following:
- capital
- centralized banking
- systems, training and human resource expertise
- technology
- overall business strategy
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