Skip to main content

The Globe and Mail

TransForce boosts U.S. footprint with Transport America deal

Montreal-based TransForce said Monday it is buying U.S. transportation company Transport America

TransForce

TransForce Inc. is boosting its presence in the United States with the acquisition of a major transportation company.

Montreal-based TransForce said on Monday that one of its subsidiaries has struck a deal to buy Transport America Inc. from Goldner Hawn Johnson & Morrison for about $160-million (U.S.).

TransForce has also agreed to assume Transport America's debt of about $150-million.

Story continues below advertisement

Eagan, Minn.-based Transport America has a network that includes 12 terminals throughout the U.S. and employs about 2,000 staff and independent contractors. It operates about 1,500 tractors and about 4,400 trailers.

The deal is expected to close near the end of the month.

The acquisition will provide TransForce with a critical mass in the truckload carriage and logistics service sector in the U.S., said TransForce chairman, president and chief executive officer Alain Bédard.

TransForce operates trucking, package delivery, logistics and waste management services and has the courier brands Loomis, Canpar and ICS.

It has acquired about 140 businesses over the past 15 years and last year posted revenue of $1.3-billion (Canadian).

The company has been shifting its focus to e-commerce and higher-margin package and courier operations in recent years.

Report an error Licensing Options
About the Author
Quebec Business Correspondent

Bertrand has been covering Quebec business and finance since 2000. Before joining The Globe and Mail in 2000, he was the Toronto-based national business correspondent for Southam News. He has a B.A. from McGill University and a Bachelor of Applied Arts from Ryerson. More

Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨