M&A Deal Summary

TransForce Acquires Drive360 Logistics

On January 7, 2019, TransForce acquired staffing company Drive360 Logistics

Acquisition Highlights
  • This is TransForce’s 7th transaction in the Staffing sector.
  • This is TransForce’s 2nd transaction in Canada.
  • This is TransForce’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2019-01-07
Target Drive360 Logistics
Sector Staffing
Buyer(s) TransForce
Deal Type Add-on Acquisition

Target

Drive360 Logistics

Toronto, Ontario, Canada
Drive360 Logistics is a transportation recruitment firm, focusing on truck drivers and diesel mechanics. Additional logistics placements include trailer mechanics, tire mechanics, road service technicians, warehouse management, service writers, sales representatives, parts managers, parts counter personnel, store managers and logistics administrators. Drive360 Logistics was founded in 2010 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

TransForce

Alexandria, Virginia, United States
Category Company
Founded 1991
Sector Staffing
DESCRIPTION

TransForce is a provider of full-service outsourcing and staffing solutions to the trucking and third-party logistics industries. The company is experiencing rapid internal growth through multiple branch openings and aims to become a leading consolidator in a fragmented industry. TransForce was founded in 1991 and is based in Alexandria, Virginia.

DEAL STATS #
Overall 11 of 13
Sector (Staffing) 7 of 8
Type (Add-on Acquisition) 11 of 13
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 HELP

Cherry Hill, New Jersey, United States

Hire Edge Logistics Personnel (dba HELP) is a staffing agency for the transportation, light industrial and trucking industries in the mid-Atlantic/northeast region, and has been providing drivers and logistics personnel since 2002.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-21 The CDL School

Coral Gables, Florida, United States

The CDL School, Inc. is a full-service Truck Driving School. The CDL Schools specializes in providing training for individuals to obtain their commercial driver’s license. CDL also provides vocational training and employment training for individuals who are seeking employment within the ground transportation industry. The CDL School, Inc. was founded in 1963 and is based in Coral Gables, Florida.

Buy -
Mergr

Product

Company

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