M&A Deal Summary

TFI International Acquires TForce Freight

On January 25, 2021, TFI International Inc. acquired transportation company TForce Freight from United Parcel Service, Inc. for 800M USD

Acquisition Highlights
  • This is TFI International’s 18th transaction in the Transportation sector.
  • This is TFI International’s 1st largest (disclosed) transaction.
  • This is TFI International’s 10th transaction in the United States.
  • This is TFI International’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-01-25
Target TForce Freight
Sector Transportation
Buyer(s) TFI International Inc.
Sellers(s) United Parcel Service, Inc.
Deal Type Divestiture
Deal Value 800M USD

Target

TForce Freight

Richmond, Virginia, United States
website
TForce Freight is a provider of less-than-truckload (LTL) and dedicated truckload (TL) services based in Richmond, Virginia.

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Buyer(S) 1

Buyer

TFI International Inc.

Saint-Laurent, Quebec, Canada

website


Category Company
SectorTransportation
Employees16,408
Revenue 3.8B USD (2020)
DESCRIPTION

TFI International is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned, operating subsidiaries. Under the TransForce umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency.


DEAL STATS #
Overall 22 of 23
Sector (Transportation) 18 of 19
Type (Divestiture) 7 of 7
State (Virginia) 1 of 1
Country (United States) 10 of 11
Year (2021) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 World Courier Ground

Providence, Rhode Island, United States

World Courier Ground is a courier and logistics provider. Operating nationally across the U.S., the company offers same day courier, rush trucking and warehousing services primarily to the medical industry, as well as to the environmental, financial, chemical and industrial sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 D&D Sexton, Inc.

Carthage, Missouri, United States

D&D Sexton is a family-owned business operating for more than 40 years, specializing in refrigerated transportation and serving a long-standing customer base with both long-haul over-the-road services as well as local and shuttle operations. D&D has more than 150 company drivers and owner-operators, and close to 40 non-driving employees. D&D Sexton is based in Carthage, Missouri.

Buy -

Seller(S) 1

SELLER

United Parcel Service, Inc.

Atlanta, Georgia, United States

website


Category Company
Founded 1907
SectorTransportation
Employees273,510
Revenue 97.3B USD (2021)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. UPS was founded in 1907 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 4 of 4
Sector (Transportation) 1 of 1
Type (Divestiture) 4 of 4
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 ShopRunner, Inc.

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Sell -