Keyword
mergers
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Morneau Eskimo makes Ontario acquisition
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 a division of Groupe Morneau. “Beacon Transit Lines is a…
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CN finalizes TransX acquisition
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 have concluded this important transaction that allows us to deepen…
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GTI buys Precision Specialized Division
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 also the specialties of GTI Transport Solution. All employees and…
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Kriska acquires Icon Transportation
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 Delija and its current management team. “ITL is a great…
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Day & Ross makes western acquisition
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 national network to better serve our customers,” said Bill Doherty, CEO.…
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Manitoulin deal strengthens northern presence
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 LTL carrier based in Whitehorse and a member of the…
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Big Freight merges with Kelsey Trail Trucking
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 of Big Freight, and will keep its operations intact, the…
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ITS buys Mortrans
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, we are also hiring additional drivers and office staff. In…
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TFI buys Normandin Transit
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 rapidly since its founding in 1988. It has focused on…
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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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Why I’m taking a wait and see approach to the Transforce-Contrans mega deal
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 shippers with the large scale transportation network they desire, and…
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TransForce adds refuse fleet
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 under the name of Veolia Solid Waste Canada. In the…
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TransForce boosts US presence with Transport America buy
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 US, employs 2,000 staff and independent contractors and operates 1,500…
