TFI International to buy assets of last-mile courier BeavEx

TFI International Inc (TSX: TFII) has agreed to acquire certain assets of BeavEx Inc, an Atlanta-Georgia-based provider of transportation, warehousing and courier services, and its affiliates. The purchase price is US$7.2 million, including the assumption of working capital liabilities. The deal, approved by the United States Bankruptcy Court for the District of Delaware, is expected to close this month. TFI, a Montréal-based transportation and logistics company, said the acquisition will expand its last-mile and expedited capabilities. BeavEx was acquired in 2011 by Eos Partners, a U.S. private equity firm.

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