Clarke to sell freight transport businesses to Transforce for $88 mln
Transforce Inc (TSX: TFI), a Montréal-based company focused on the transportation and logistics industry, has agreed to buy the truckload, less-than-truckload and freight logistics businesses of Clarke (TSX: CKI, CKI.DB.A) for $88 million. The transaction is expected to be completed before the end of 2013. The businesses, Clarke Transport Inc and Clarke Road Transport Inc, have been portfolio investments of Clarke for close to a decade. Based in Halifax, Nova Scotia, Clarke is a private investor in a variety of private and publicly-traded companies.
1 November 2013•4 mins read
