M&A Deal Summary

Fastfrate Group Acquires United Transfer

On February 8, 2022, Fastfrate Group acquired transportation company United Transfer

Acquisition Highlights
  • This is Fastfrate Group’s 4th transaction in the Transportation sector.
  • This is Fastfrate Group’s 4th transaction in Canada.
  • This is Fastfrate Group’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2022-02-08
Target United Transfer
Sector Transportation
Buyer(s) Fastfrate Group
Deal Type Add-on Acquisition
Advisor(s) Ernst & Young - Law (Legal)

Target

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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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 4 of 5
Sector (Transportation) 4 of 5
Type (Add-on Acquisition) 4 of 5
State (Saskatchewan) 1 of 1
Country (Canada) 4 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 ASL Distribution Services

Oakville, Ontario, Canada

ASL Distribution Services is an asset and non-asset-based full-service third-party logistics (3PL) provider. ASL provides companies with seamless customized logistical solutions, encompassing warehousing services including e-commerce fulfillment and all modes of transportation including LTL, TL, intermodal, courier, small parcel, and expedited, utilizing its own fleet of trucks and with partner carriers. ASL Distribution Services was founded in 1959 and is based in Oakville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 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.

Buy -
Mergr

Product

Company

Legal