M&A Deal Summary

TFI International Acquires Clarke Road Transport

On October 31, 2013, TFI International acquired transportation company Clarke Road Transport from Clarke

Acquisition Highlights
  • This is TFI International’s 10th transaction in the Transportation sector.
  • This is TFI International’s 8th transaction in Canada.
  • This is TFI International’s 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2013-10-31
Target Clarke Road Transport
Sector Transportation
Buyer(s) TFI International
Sellers(s) Clarke
Deal Type Divestiture

Target

Clarke Road Transport

Halifax, Nova Scotia, Canada
Clarke Road Transport Inc. is a provider of regular and specialized truckload (“TL”) transportation services. The company was founded in 1994 and is based in Halifax, Canada.

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Buyer(S) 1

Buyer

TFI International

Saint-Laurent, Quebec, Canada
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 13 of 35
Sector (Transportation) 10 of 30
Type (Divestiture) 2 of 9
State (Nova Scotia) 1 of 1
Country (Canada) 8 of 19
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Clarke Transport

Concord, Ontario, Canada

Clarke Transport, Inc. is a fully-integrated provider of less-than-truckload (“LTL”) intermodal transportation services, operates a network of 15 terminals across Canada. Clarke Transport Inc. is based in Concord, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Vitran Corp

Toronto, Ontario, Canada

Vitran Corporation Inc. is a group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services.

Buy $136M

Seller(S) 1

SELLER

Clarke

Halifax, Nova Scotia, Canada
Category Company
Founded 1997
Sector Financial Services
Employees550
Revenue 70M CAD (2023)
DESCRIPTION

Clarke is an investment company with interests in several businesses. Led by an entrepreneurial team of investment professionals, the company is actively involved with portfolio companies to help improve performance and build value. Clarke was incorporated in 1997 and is headquartered in Halifax, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Divestiture) 2 of 2
State (Nova Scotia) 1 of 1
Country (Canada) 2 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Clarke Transport

Concord, Ontario, Canada

Clarke Transport, Inc. is a fully-integrated provider of less-than-truckload (“LTL”) intermodal transportation services, operates a network of 15 terminals across Canada. Clarke Transport Inc. is based in Concord, Canada.

Sell -
Mergr

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