M&A Deal Summary

TFI International Acquires XPO Logistics - North American Truckload Operations

On October 27, 2016, TFI International acquired transportation company XPO Logistics - North American Truckload Operations from XPO for 558M USD

Acquisition Highlights
  • This is TFI International’s 15th transaction in the Transportation sector.
  • This is TFI International’s 3rd largest (disclosed) transaction.
  • This is TFI International’s 8th transaction in the United States.
  • This is TFI International’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-10-27
Target XPO Logistics - North American Truckload Operations
Sector Transportation
Buyer(s) TFI International
Sellers(s) XPO
Deal Type Divestiture
Deal Value 558M USD

Target

XPO Logistics - North American Truckload Operations

Greenwich, Connecticut, United States
XPO Logistics - North American Truckload Operations comprises approximately 3,000 tractors, 7,500 trailers and 29 locations. The business provides an integrated offering of point-to-point dry-van TL transportation services across the United States, and is one of the largest service providers of cross-border trucking into Mexico.

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Buyer(S) 1

Buyer

TFI International

Saint-Laurent, Quebec, Canada

website


Category Company
Founded 1957
Sector Transportation
Employees25,005
Revenue 7.5B USD (2023)
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. TFI International was incorporated in is based in Saint-Laurent, Quebec.


DEAL STATS #
Overall 19 of 35
Sector (Transportation) 15 of 30
Type (Divestiture) 4 of 9
State (Connecticut) 1 of 1
Country (United States) 8 of 16
Year (2016) 1 of 2
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Services Matrec

Boucherville, Quebec, Canada

Services Matrec, Inc. is a providr of integrated residual materials management and recycling services for its clients in the municipal, industrial, commercial, and institutional sectors in Canada.

Sell CA$800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 National Fast Freight

Brampton, Ontario, Canada

National Fast Freight, Inc. is a non-asset Canadian-based transportation company providing LTL intermodal services across Canada. NFF will increase TFI International's density in the Canadian intermodal segment.

Buy -

Seller(S) 1

SELLER

XPO

Greenwich, Connecticut, United States

website


Category Company
Founded 2000
Sector Transportation
Employees108,000
Revenue 7.7B USD (2022)
DESCRIPTION
XPO office in Charlotte, North Carolina.
XPO office in Charlotte, North Carolina.

XPO is a provider of transportation and logistics solutions. XPO's transportation services include truck brokerage and transportation, less-than-truckload, intermodal, highly-engineered supply chain solutions, contract logistics, last mile, expedite, global forwarding and managed transportation. XPO was founded in 2000 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 2
Type (Divestiture) 1 of 2
State (Connecticut) 1 of 2
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Con-way

Ann Arbor, Michigan, United States

Con-way, Inc. is a freight transportation and logistics services company. Con-way delivers services through three primary operating companies: Con-way Freight, Con-way Truckload Services and Menlo Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Kuehne + Nagel International AG - Contract Logistics Portfolio

United Kingdom

Kuehne + Nagel International AG's Contract Logistics Portfolio provides drinks logistics, food services, and retail & technology businesses.

Buy -