Keyword
M&A
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Challenger buys Ed Wiersma Trucking, raises driver pay
CAMBRIDGE, Ont. – Challenger Motor Freight has agreed to acquire the majority of Ed Wiersma Trucking’s assets. The company says the deal is expected to close by the end of March. Challenger said the acquisition will complement its special commodities…
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Mullen Group buys DWS Logistics
OKOTOKS, Alta. – Mullen Group has announced the acquisition of DWS Logistics, expanding its third-party logistics and warehousing services. DWS is based in Mississauga, Ont., with distribution centers in the Greater Toronto Area and the Lower Mainland of B.C. Its…
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FBI Group buys Consolidated Carriers
VAUGHAN, Ont. – Freight Brokers International (FBI Group) announced today it has acquired Consolidated Carriers, a non-asset-based freight broker in Markham, Ont. Consolidated Carriers employees, including owner Wayne McCord, will join The FBI Group and work out if its Vaughan,…
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Overcapacity remains, but ELD mandate will help: Titanium
BOLTON, Ont. – Overcapacity and pressure on pricing made 2016 a challenging year for Titanium Transportation, but the stage is now set for it to resume its growth. Ted Daniel, CEO of Titanium, addressed analysts last week to discuss 2016…
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TransForce International buys National Fast Freight
BRAMPTON, Ont. – TransForce International has announced the acquisition of National Fast Freight from Calyx Transportation Group. National Fast Freight provides LTL intermodal services across Canada and has generated $80 million of intermodal revenue over the past 12 months. TransForce…
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Lakeside deal demonstrates healthy appetite for Canadian logistics companies: Nix
OAKVILLE, Ont. – The recent sale of fourth-party logistics provider Lakeside Logistics to US heavyweight Transplace, shows there’s a healthy appetite for Canadian transportation and logistics companies. That’s the opinion of Doug Nix, vice-chairman of Corporate Finance Associates, who orchestrated…
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TransForce creates role for M&A v.p.
MONTREAL, Que. — TransForce has announced the creation of a new role within the company, vice-president of mergers and acquisitions. It will be filled by David Saperstein beginning June 28, the company says. He will be based in the US…
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Trimac buys assets from Groupe Robert subsidiary
BOUCHERVILLE, Que. — Trimac has announced its purchase of assets and a contract from Transport Rollex, a small division within Groupe Robert. The agreement covers eight power units and 22 trailers as well as the assignment of a transportation agreement…
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TransForce to target US truckload companies for 2016 acquisitions
MONTREAL, Que. — TransForce will be looking to the US truckload segment when it resumes its buying spree sometime next year. This year has been quiet on the M&A front, and TransForce invested its money into buying back its own…
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Six questions to ask before making an acquisition
MISSISSAUGA, Ont. — A panel of M&A deal-makers was assembled at the Surface Transportation Summit earlier this week, to shed light on how to successfully acquire and integrate a company into an existing business. The panel was moderated by Mike…
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Titanium Group adds legal expertise
WOODBRIDGE, Ont. — Titanium Transportation Group has announced the hiring of Nia Karabatsos as general counsel to assist with legal matters and the execution of mergers and acquisitions. She comes to the company from the business law firm Cassels Brock…
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HOW TO TAKE OUT YOUR COMPETITOR 101
When Aveda Transportation purchased US firm Hodges Trucking earlier this year, it wasn’t just about expanding the business, it was about removing a difficult competitor. With the deal closed, Aveda outlined in much detail through a press release why it…
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Kriska buys JMF Transport
PRESCOTT, Ont. — Kriska Transportation Group (KTG) has announced the acquisition of JMF Transport, a 65-truck fleet out of Valcourt, Que. Kriska announced JMF will continue to operate under its current management team, including general manager Stephan Brizard. “Since the…
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Investment firm buys Jardine Transport, installs new president
FREDERICTON, N.B. — Private investment firm SeaFort Capital has announced the purchase of Jardine Transport. Jardine is a Fredericton-based long-haul trucking company specializing in flatbed and drop-deck services. It was founded in 1978 by Robert Leonard and serves customers in…
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Titanium Group buys Muskoka Transport
WOODBRIDGE, Ont. — Titanium Transportation Group has announced its acquisition of Muskoka Transport. Muskoka is based in Bracebridge, Ont. with additional terminals in Barrie and Bolton, Ont. It provides flatbed freight and van shipping services with more than 100 power…