Business Management Edward Fuels joins McDougall Energy June 29, 2020 SAULT STE. MARIE, Ont. – McDougall Energy has acquired Edward Fuels and its associated companies, including Manitoulin Fuels and Petroline Petroleums. The new divisions will operate under their existing names…
Transportation Covid-19 shuffles M&A landscape June 10, 2020 TORONTO, Ont. — The Covid-19 crisis has put many trucking companies on the ropes, while also creating a new set of well-liquidated first-time buyers. Because the pandemic has hit certain…
Business Management Morneau Eskimo makes Ontario acquisition December 19, 2019 TORONTO, Ont. – Morneau Eskimo has announced it has acquired Toronto, Ont.-based Beacon Transit Lines, which is being renamed Beacon Transport. The deal became effective Dec. 19. Morneau Eskimo is…
Business Management CN finalizes TransX acquisition March 22, 2019 WINNIPEG, Man. – CN has announced it has closed its acquisition of The TransX Group of Companies. The deal was first announced on Oct. 30, 2018. “We are pleased to…
Transportation GTI buys Precision Specialized Division February 11, 2019 WOODBRIDGE, Ont. – GTI Transport Solution has announced it is acquiring Precision Specialized Division, a division of Precision Truck Lines. Precision Specialized focuses on open-deck and heavy-haul transportation, which are…
Transportation Kriska acquires Icon Transportation February 11, 2019 PRESCOTT, Ont. – Kriska Transportation Group has announced its acquisition of Icon Transportation Logistics (ITL) out of Puslinch, Ont. The company will continue to be led by general manager Alen…
Business Management Day & Ross makes western acquisition December 14, 2018 OKOTOKS, Alta. – Day & Ross has announced it has purchased Alberta-based Stonehammer Transport. “This acquisition in Western Canada is a significant complement to our eastern flatbed fleet, bolstering our…
Transportation Manitoulin deal strengthens northern presence December 13, 2018 WHITEHORSE, YUKON – Manitoulin Transport has purchased Kluane Freight Line’s book of business and formed a joint venture with the Chief Isaac Group of Companies. Kluane is a First Nation-owned…
Business Management Big Freight merges with Kelsey Trail Trucking July 5, 2018 WINNIPEG, Man. – Big Freight Systems has announced it will merge with Kelsey Trail Trucking, combining to operate nearly 750 tractors and trailers. Kelsey Trail will operate as a division…
Business Management ITS buys Mortrans May 4, 2018 BELLEVILLE, Ont. – International Truckload Services (ITS) has announced its acquisition of Mortrans Transport. The deal includes 45 trucks and 65 employees. “Not only will we keep all their employees,…
Business Management TFI buys Normandin Transit April 3, 2018 MONTREAL, Que. – TFI International has agreed to purchase Normandin Transit. The company says the move bolsters its cross-border LTL and truckload services. Based in Napierville, Que., Normandin has grown…
Business Management TransForce creates role for M&A v.p. June 14, 2016 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,…
Business Management Why I’m taking a wait and see approach to the Transforce-Contrans mega deal August 10, 2014 Ever since the end of the Great Recession, industry executives have been talking about the need to consolidate the industry as a way to soak up excess capacity, provide top…
Business Management TransForce adds refuse fleet June 4, 2014 MONTREAL, Que. — TransForce has added to its waste hauling business with the acquisition of Matieres Residuelles. TransForce’s Matrec division made the purchase of Veolia E.S. Matieres Residuelles, which operates…
Business Management TransForce boosts US presence with Transport America buy June 2, 2014 MONTREAL, Que. — TransForce has announced a major US purchase, acquiring truckload carrier Transport America. The deal gives TransFoce a substantial US presence. Transport America operates 12 terminals throughout the…
