TFI International Inc (TSX: TFII) recently acquired National Fast Freight (NFF), a Brampton, Ontario-based provider of small freight and truckload services in Canada. No financial terms were released. The seller was Calyx Transportation Group Inc, a Canadian transportation and logistics services company acquired in 2006 by U.S. private equity firm Wynnchurch Capital. TFI said the deal will increase its presence in the Canadian LTL intermodal services segment. Last year, Calyx sold the assets of Euroworld Transport Systems Canada Inc to Frontier Supply Chain Solutions Inc.
TFI International Announces the Acquisition of National Fast Freight
MONTREAL, QUEBEC–(Marketwired – Dec. 29, 2016) – TFI International Inc. (TSX:TFII)(OTCQX:TFIFF), formerly known as TransForce Inc. (TSX:TFI)(OTCQX:TFIFF), a North American leader in the transportation and logistics industry, today announced that a wholly-owned subsidiary of TFI International has acquired Brampton, Ontario based National Fast Freight (NFF) from Calyx Transportation Group, Inc.
Founded in 1992, NFF is a non-asset Canadian-based transportation company providing LTL intermodal services across Canada. NFF will increase TFI International’s density in the Canadian intermodal segment, and the company will operate under its current management as a standalone business unit of TFI International.
“Today’s announcement of the acquisition of National Fast Freight is a strategic step which builds upon our existing foundation in the intermodal segment,” commented Alain Bédard, Chairman, President and Chief Executive Officer of TFI International.
ABOUT TFI INTERNATIONAL
TFI International Inc. is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments:
Package and Courier;
TFI International Inc. is publicly traded on the Toronto Stock Exchange (TSX:TFI) and the OTCQX marketplace in the U.S. (OTCQX:TFIFF). For more information, visit http://www.tfiintl.com.
Chairman, President and CEO
TFI International Inc.
Photo courtesy of National Fast Freight