M&A Deal Summary

TFI International Acquires Siemens Transportation Group

On May 1, 2023, TFI International acquired transportation company Siemens Transportation Group

Acquisition Highlights
  • This is TFI International’s 26th transaction in the Transportation sector.
  • This is TFI International’s 17th transaction in Canada.
  • This is TFI International’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2023-05-01
Target Siemens Transportation Group
Sector Transportation
Buyer(s) TFI International
Deal Type Add-on Acquisition

Target

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.

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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 31 of 35
Sector (Transportation) 26 of 30
Type (Add-on Acquisition) 22 of 26
State (Saskatchewan) 1 of 1
Country (Canada) 17 of 19
Year (2023) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Hot Line Freight

West Salem, Wisconsin, United States

Hot Line Freight is a LTL freight carrier with service to South Dakota, Iowa, Illinois, Indiana, Ohio, Minnesota, and Wisconsin. Hot Line Freight was founded in 1988 and is based in West Salem, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 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.

Buy -
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