MONTREAL, Que. — TransForce continues to grow, with its latest acquisition being a forestry trucking company in Quebec.
Group 2 B will be joining the TransForce family at the beginning of October. It’s primarily based in Amos, Val-d’Or and Ville-Marie in Quebec’s Abitibi-Temiscamingue region.
Group 2 B was founded in 1966 and now claims to be the leading trucking company serving the forestry industry in Northwestern Quebec and Northeastern Ontario. It’s a just-in-time provider of transportation, logistics, loading and equipment leasing services with annual revenues of nearly $50 million.
Eighty per cent of the company’s revenues are secured through long-term contracts with well-established customers, TransForce says. Group 2 B will continue to be led by current president, Andre Bergeron.
“The acquisition of Group 2 B fits our model of acquiring well-managed market leaders,” said Alain Bdard, chairman of the board, president and chief executive officer of TransForce Income Fund. “The addition of 2 B expands the capabilities of our specialized truckload division in serving the forestry industry.”
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News