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COMPETITION WATCH: Dynamex shareholders approve TransForce takeover

MONTREAL, Que. -- TransForce has announced it has now completed its acquisition of same-day delivery and logistics provider Dynamex.


MONTREAL, Que. — TransForce has announced it has now completed its acquisition of same-day delivery and logistics provider Dynamex.

The deal, for US$248 million, was approved by shareholders Feb. 18. Dynamex brings 1,500 workers and 3,700 independent contractors as well as a network of more than 60 business centres across the US and Canada into the TransForce fold.

“Dynamex adds a highly respected brand to our package and courier capability,” said TransForce chairman Alain Bedard. “Its same-day delivery enhances service to existing customers while the combination of TransForce and Dynamex constitutes a powerful offering to potential new clients. Importantly, incorporating Dynamex’s services will open doors for TransForce in the US market. We are confident that the combination of TransForce and Dynamex will yield attractive synergies with our existing divisions and will create value for our shareholders.”


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