M&A Deal Summary

Fastfrate Group Acquires Challenger

On August 2, 2022, Fastfrate Group acquired transportation company Challenger

Acquisition Highlights
  • This is Fastfrate Group’s 5th transaction in the Transportation sector.
  • This is Fastfrate Group’s 5th transaction in Canada.
  • This is Fastfrate Group’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2022-08-02
Target Challenger
Sector Transportation
Buyer(s) Fastfrate Group
Deal Type Add-on Acquisition
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets) (Financial)
Gowling WLG (Legal)

Target

Challenger

Cambridge, Ontario, Canada
Challenger is a logistics and supply chain management, including Third-Party Logistics and On-site Warehousing. Challenger was founded in 1975 and is based in Cambridge, Ontario.

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Buyer(S) 1

Buyer

Fastfrate Group

Woodbridge, Ontario, Canada
Category Company
Founded 1966
Sector Transportation
DESCRIPTION

Fastfrate Group is a provider of diversified transportations services in with a national terminal infrastructure. The company has grown into a diversified transportation company with a menu of services including LTL and truckload from any point to any point within Canada and the Northeast and Midwest United States, national drayage and cartage, warehousing, transloading on both the east coast and the west coast, special operational direct ship programs for retailers, and third-party logistics. Fastfrate Group was founded in 1966 and is based in Woodbridge, Ontario.

DEAL STATS #
Overall 5 of 5
Sector (Transportation) 5 of 5
Type (Add-on Acquisition) 5 of 5
State (Ontario) 3 of 3
Country (Canada) 5 of 5
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 United Transfer

Saskatoon, Saskatchewan, Canada

United Transfer is a transportation and warehousing company with expertise in warehousing and deliveries they offer unique logistics solutions emphasizing operational effectiveness and service excellence. United Transfer was founded in 2008 and is based in Saskatoon, Saskatchewan.

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Product

Company

Legal