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MIKE McCARRON BREAKS DOWN THE TRANSFORCE/CONTRANS DEAL


Well, as I mentioned before, the story of the month – maybe the year – is TransForce’s bold bid to take over (in a friendly manner) Contrans. Mike McCarron, who heads Wheels Group’s M&A initiatives, is no stranger to big deals, having sold MSM Transportation to Wheels in what was a pretty big deal of its own. I asked Mike to comment on the deal. Here’s what he had to say:

“TFI’s purchase of Contrans is further evidence that the race to consolidate the aging Canadian trucking industry by its biggest players is heating up. The smart operators understand that the scale they will need to survive in the future can’t come from organic growth, but must be bought. I expect the recent Vitran and Contrans deals will trigger more deals in the slow-moving mid-market as more and more baby boomers will take advantage of their strong balance sheets and get out while they can. The landscape of the Canadian trucking industry is going to look a lot different five years from now.”


James Menzies

James Menzies

James Menzies is editor of Truck News magazine. He has been covering the Canadian trucking industry for more than 15 years and holds a CDL. Reach him at james@newcom.ca or follow him on Twitter at @JamesMenzies.
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