M&A Deal Summary

TFI International Acquires Transport of America

On July 2, 2014, TFI International acquired transportation company Transport of America from Goldner Hawn Johnson & Morrison for 310M USD

Acquisition Highlights
  • This is TFI International’s 12th transaction in the Transportation sector.
  • This is TFI International’s 4th largest (disclosed) transaction.
  • This is TFI International’s 6th transaction in the United States.
  • This is TFI International’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2014-07-02
Target Transport of America
Sector Transportation
Buyer(s) TFI International
Sellers(s) Goldner Hawn Johnson & Morrison
Deal Type Add-on Acquisition
Deal Value 310M USD
Advisor(s) BofA Securities (Financial)

Target

Transport of America

Eagan, Minnesota, United States
Transport America provides a wide range of truckload freight carriage and logistics services to customers in the United States, Mexico and Canada. The company focuses on providing time-definite and other responsive services with the support of its dedicated employees, state-of-the-art technology and information systems. The Company is headquartered in Eagan, Minnesota.

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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 16 of 35
Sector (Transportation) 12 of 30
Type (Add-on Acquisition) 14 of 26
State (Minnesota) 1 of 1
Country (United States) 6 of 16
Year (2014) 3 of 4
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-04 Veolia E.S. Matières Résiduelles

Québec City, Quebec, Canada

Veolia Solid Waste Canada has been operating in the Quebec City, Montreal and the Beauce regions for more than 40 years. It offers collection, transportation, disposal and recycling of trash and industrial waste to municipalities, as well as to commercial and industrial customers.

Buy CA$25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Contrans Group

Woodstock, Ontario, Canada

Contrans Group Inc. is a provider of specialized transportation services either through specialized equipment or service offerings to customers.

Buy -

Seller(S) 1

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 21 of 33
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 14 of 16
State (Minnesota) 8 of 11
Country (United States) 21 of 33
Year (2014) 1 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Cameron s Coffee and Distribution

Shakopee, Minnesota, United States

Cameron's Coffee and Distribution Co. is a producer of premium specialty quality coffee and a provider of both branded and private label coffee products. Cameron's Coffee was formed in 1978 and is based in Shakopee, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Specialty Commodities

Fargo, North Dakota, United States

Specialty Commodities is a supplier and distributor of specialty food ingredients, providing customers with sourcing, logistics, and market intelligence headquartered in Fargo, North Dakota. Products offered include nuts, dehydrated vegetables, oilseeds, edible grains and seeds, dried fruits, and spices.

Sell -