TransForce closes $310 mln buy of Goldner Hawn's Transport America
TransForce Inc (TSX: TFI) has completed its purchase of Transport America Inc, a provider of truckload carriage and logistics services and a portfolio company of U.S. private equity firm Goldner Hawn Johnson & Morrison. The previously announced deal was valued at around US$310 million, including the assumption of Transport America's debt, which totaled US$150 million. Transforce, a Montréal-based transportation and logistics business, said the acquisition is expected to generate revenue of approximately US$350 million per annum. Goldner Hawn acquired the Eagan, Minnesota-based Transport America in February 2006.
4 July 2014•2 mins read
