M&A Deal Summary

TFI International Acquires MCT Transportation

On June 29, 2020, TFI International acquired transportation company MCT Transportation from Comcar Industries for 13M USD

Acquisition Highlights
  • This is TFI International’s 21st transaction in the Transportation sector.
  • This is TFI International’s 9th largest (disclosed) transaction.
  • This is TFI International’s 11th transaction in the United States.
  • This is TFI International’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2020-06-29
Target MCT Transportation
Sector Transportation
Buyer(s) TFI International
Sellers(s) Comcar Industries
Deal Type Divestiture
Deal Value 13M USD

Target

MCT Transportation

Sioux Falls, South Dakota, United States
MCT Transportation LLC operates across the continental United States, providing refrigerated and dry van transportation services for a wide range of temperature-sensitive and general commodities. The company operates the largest foliage consolidation and shipping operation in Florida. In addition to its dedicated fleet, specialty, and regional operations, it offers premium logistics and brokerage services to further streamline the supply chain. MCT was formed in 1949 and is based in Sioux Falls, South Dakota.

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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 25 of 35
Sector (Transportation) 21 of 30
Type (Divestiture) 8 of 9
State (South Dakota) 1 of 1
Country (United States) 11 of 16
Year (2020) 3 of 4
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-12 Gusgo Transport

Vaughan, Ontario, Canada

Gusgo Transport is a container transport and storage company that provides its customers with reliable and cost-effective local and cross-border container transportation. The company operates more of a dedicated model, where it partners with larger organizations that have regular container storage and transport requirements. It has developed a specialty in temperature-controlled commodities and not only has an extensive Genset Chassis fleet but also has 90 ground-based electrical plug-ins in our secure storage yard. Gusgo Transport was formed in 1969 and is based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 Keith Hall & Sons Transport

Burford, Ontario, Canada

Keith Hall & Sons Transport is a family-owned and operator of transportation businesses. Keith Hall & Sons Transport was founded in 1965 and is based in Burford, Canada.

Buy -

Seller(S) 1

SELLER

Comcar Industries

Auburndale, Florida, United States
Category Company
Founded 1953
Sector Transportation
DESCRIPTION

Comcar Industries is a transportation and logistics company with over 40 strategically-located terminal and satellite locations across the country. Its career professionals are dedicated to the transportation and distribution of almost any type of commodity within the 48 contiguous United States. Comcar Industries was formed in 1953 and is headquartered in Auburndale, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 3 of 3
Type (Divestiture) 3 of 3
State (South Dakota) 1 of 1
Country (United States) 3 of 3
Year (2020) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-17 CTL Transportation

Auburndale, Florida, United States

CTL Transportation LLC is a quality service company in the general chemical transportation industry. A specialized niche business, it offers superior liquid bulk transportation solutions backed by strategic terminal locations and reliable capacity. CTL Transportation was formed in 1964 and is based in Auburndale, Florida.

Sell -
Mergr

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