MONTREAL, Que. — TransForce has announced it ha finalized its acquisition of Quik X.
Quik X and its network of 17 centers across Canada and the US boasts annual revenues of about $200 million. Included in the deal are about 325 independent contractors and more than 600 employees, TransForce announced.
“This acquisition further enhances TransForce’s density and capabilities in the niche expedited LTL market. Quik X is well recognized for its leading-edge technology and highly qualified employees. More importantly, its asset-light business model should provide a solid return on our investment and create additional shareholder value,” said Alain Bedard, Chairman, president and CEO of TransForce.
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