M&A Deal Summary

TFI International Acquires Vedder

On September 5, 2023, TFI International acquired transportation company Vedder

Acquisition Highlights
  • This is TFI International’s 28th transaction in the Transportation sector.
  • This is TFI International’s 18th transaction in Canada.
  • This is TFI International’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2023-09-05
Target Vedder
Sector Transportation
Buyer(s) TFI International
Deal Type Add-on Acquisition
Advisor(s) Capital West Partners (Financial)

Target

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.

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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 33 of 35
Sector (Transportation) 28 of 30
Type (Add-on Acquisition) 24 of 26
State (British Columbia) 2 of 3
Country (Canada) 18 of 19
Year (2023) 5 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 Daseke

Addison, Texas, United States

Daseke is a transportation solutions specialist dedicated to servicing challenging industrial end markets. It offers comprehensive, best-in-class services to a diversified portfolio of many of North America’s most respected industrial shippers. Daseke was incorporated in 2008 and is based in Addison, Texas.

Buy $1.1B
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