MONTREAL, Sept. 26, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI) (OTCQX: TFIFF), a North American leader in the transportation and logistics industry, today announced that, through its subsidiary Dynamex Canada Limited, it has acquired all the shares of Total Delivery Systems ("TDS").
Headquartered in Victoria, British Columbia, TDS operates a network of 18 locations across British Columbia. TDS provides a wide range of courier and distribution services, such as local messenger, time sensitive delivery, overnight service, storage, logistics, LTL and just-in-time package delivery. The acquisition is expected to generate annual revenue of approximately $20 million.
"This acquisition significantly expands Dynamex Canada's geographic footprint, service offering and density across British Columbia. We are pleased to work with TDS's senior management to further develop the business opportunities that will arise from this transaction," said Alain Bédard, Chairman, President and Chief Executive Officer of TransForce.
TransForce Inc. 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 corporate financial and operational resources to build their businesses and increase their efficiency. TransForce companies service the following segments:
- Package and Courier;
- Truckload, which includes specialized truckload and dedicated services;
- Specialized Services, which includes services to the energy sector, waste management, logistics and ancillary transportation services.
Except for historical information provided herein, this press release may contain information and statements of a forward looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
SOURCE: TRANSFORCE INC.
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Chairman, President & CEO