TransForce acquires assets of Veolia E.S. Matières Résiduelles Inc.

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[{"type":"text","content":"\n\n\nMONTREAL, June 4, 2014 /CNW Telbec/ - TransForce Inc. (TSX: TFI, OTCQX:\n TFIFF), a North American leader in the transportation and logistics\n industry, today announced that Matrec, a wholly-owned subsidiary of\n TransForce, has acquired the majority of assets of Veolia E.S. Matières\n Résiduelles Inc. operating under the name of Veolia Solid Waste Canada.\n\n\nIn the last twelve months, Veolia Solid Waste Canada generated annual\n revenues of more than $30.0 million and earnings before interest,\n taxes, depreciation and amortization (\"EBITDA\") of more than $5.0\n million. The purchase price of $25.0 million, excluding estimated\n working capital of $5.0 million, represents an Enterprise Value to\n trailing 12-month EBITDA multiple of less than 5.5 times.\n\n\nVeolia Solid Waste Canada has been operating in the Quebec City,\n Montreal and the Beauce regions for more than 40 years. It offers\n collection, transportation, disposal and recycling of trash and\n industrial waste to municipalities, as well as to commercial and\n industrial customers.\n\n\n\"The transaction will allow Matrec to broaden its service offering and\n increase its density in the province of Quebec. These assets will also\n provide additional capacity, which should improve the efficiency of our\n waste management operations,\" said Alain Bédard, Chairman, President\n and Chief Executive Officer of TransForce.\n\n\nABOUT TRANSFORCE\nTransForce Inc. is a North American leader in the transportation and\n logistics industry operating across Canada and the United States\n through its subsidiaries. TransForce creates value for shareholders by\n identifying strategic acquisitions and managing a growing network of\n wholly-owned, operating subsidiaries. Under the TransForce umbrella,\n companies benefit from corporate financial and operational resources to\n build their businesses and increase their efficiency. TransForce\n companies service the following segments:\n\n\n\nPackage and Courier; \n\n\nLess-Than-Truckload; \n\n\nTruckload, which includes specialized truckload and dedicated services;\n\n\nSpecialized Services, which includes waste management, logistics\n services and services to the energy sector.\n\n\n\nTransForce Inc. is publicly traded on the Toronto Stock Exchange (TSX:\n TFI) and the OTCQX marketplace in the U.S. (O...

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