TransForce nears closing of Clarke deal, adds landfill capacity for waste division
MONTREAL, Que. — TransForce announced today it has met all the conditions required to close its deal to acquire Clarke Transport and Clarke Road Transport. The deal should conclude Jan. 1, 2014, the company announced.
Clarke Transport is an LTL intermodal transportation provider, with 15 terminals across Canada. Clarke Road Transport offers regular and specialized truckload services. The acquisition will generate about $190 million in revenue and will add 600 staff and independent contractors, TransForce announced.
In a separate announcement, TransForce said it has secured additional landfill capacity from Waste Management, to use about 30% of the remaining space at the Lachute Landfill Site in Lachute, Que.
The deal will give TransForce’s Malex business unit capacity for 1.875 million tonnes of refuse, allowing the company to broaden its service offering.
“TransForce is pleased with this additional landfill capacity, which allows us to further enhance our service offering in the waste management sector. Given its prime location, the Lachute site will provide significant opportunities to grow our customer base and our density,” said Alain Bedard, chairman, president and CEO of TransForce.
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