M&A Deal Summary

TFI International Acquires JHT

On August 7, 2023, TFI International acquired transportation company JHT

Acquisition Highlights
  • This is TFI International’s 27th transaction in the Transportation sector.
  • This is TFI International’s 15th transaction in the United States.
  • This is TFI International’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2023-08-07
Target JHT
Sector Transportation
Buyer(s) TFI International
Deal Type Add-on Acquisition

Target

JHT

Pleasant Prairie, Wisconsin, United States
JHT is an asset-light logistics and transportation provider in North America for Class 6-8 truck manufacturers. The company transports new trucks from manufacturing and final assembly plants to dealers and end customers, utilizing an asset-light model that involves driving the customers’ new trucks to their destination. It owns and manages a large pool of patented decking equipment requiring a sophisticated reverse logistics process, and its driver capacity is provided through a network of both company and third-party independent drivers. JHT was formed in 1933 and is based in Pleasant Prairie, Wisconsin.

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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 32 of 35
Sector (Transportation) 27 of 30
Type (Add-on Acquisition) 23 of 26
State (Wisconsin) 2 of 2
Country (United States) 15 of 16
Year (2023) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Siemens Transportation Group

Saskatoon, Saskatchewan, Canada

Siemens Transportation Group is a transportation company, that consists of 7 different trucking division - each one unique yet firmly grounded in the STG family. These divisions range from international truckload, Less Than Truckload, International Flat Deck, Ground Courier and Warehouse Distribution services. Siemens Transportation Group was founded in 1962 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Vedder

Abbotsford, British Columbia, Canada

Vedder provides tank truck transport of food-grade liquids and dry bulk commodities. Vedder was formed in 1956 and is headquartered in Abbotsford, British Columbia.

Buy -
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