Add-on Acquisition • Transportation

TFI International Acquires Vitran Corp

On March 26, 2014, TFI International acquired transportation company Vitran Corp for 136M USD

Acquisition Context
  • This is TFI International’s 11th transaction in the Transportation sector.
  • This is TFI International’s 6th largest (disclosed) transaction.
  • This is TFI International’s 9th transaction in Canada.
  • This is TFI International’s 6th transaction in Ontario.

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M&A Deal Summary

Date March 26, 2014
Target Vitran Corp
Sector Transportation
Buyer(s) TFI International
Deal Type Add-on Acquisition
Deal Value 136M USD
Advisor(s) Stephens (Financial)
McMillan
Dorsey & Whitney (Legal)

Target Company

Vitran Corp

Toronto, Ontario, Canada
Vitran Corporation Inc. is a group of transportation companies offering less-than-truckload, logistics, truckload, and freight brokerage services.
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Buyer Overview 1

Buyer

TFI International

Saint-Laurent, Quebec, Canada

Category Company
Founded 1957
Sector Transportation
Employees26,287
Revenue 8.4B USD (2024)
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 Context for Buyer #
Overall 14 of 35
Sector: Transportation 11 of 30
Type: Add-on Acquisition 12 of 26
State: Ontario 6 of 10
Country: Canada 9 of 19
Year: 2014 1 of 4
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Clarke Road Transport

Halifax, Nova Scotia, Canada

Clarke Road Transport Inc. is a provider of regular and specialized truckload (“TL”) transportation services. The company was founded in 1994 and is based in Halifax, Canada.

Buy -
FOLLOWING 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