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COMPETITION WATCH: TransForce acquires forestry trucking firm

MONTREAL, Que. -- TransForce continues to grow, with its latest acquisition being a forestry trucking company in Qu...


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.”


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