MONTREAL, Que. — TransForce has announced it has picked up the retail solutions division of ATS Andlauer Transportation Services, which generates revenues of about $120 million per year using 165 owner/operators.
ATS’s healthcare division is not part of the deal.
“This transaction demonstrates TransForce’s strategy of growth through selectively acquiring leading companies with strong leadership,” said Alain Bedard, chairman, president and CEO of TransForce. “ATS Retail Solutions is an excellent strategic fit with our existing Canpar and ICS Courier businesses. Consistent with our approach to acquisitions, it will operate as an autonomous business and ATS president and CEO Michael Andlauer will continue to play a leadership role as chair of a group specifically focused on courier solutions. We look forward to working with Michael and his team.”
The transaction is conditional upon the signing of a definitive agreement and other closing conditions, which are expected to be completed by Oct. 1.
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