Business
TransForce Income Fund Completes Acquisition of Thibodeau Group of Companies
MONTREAL, Jan. 15 /CNW Telbec/ - TransForce Income Fund (TSX: TIF.UN), the leader in the Canadian...
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, Jan. 15 /CNW Telbec/ - TransForce Income Fund (TSX: TIF.UN),\nthe leader in the Canadian transportation and logistics industry, today\nannounced it has completed the previously announced acquisition of privately\nheld Thibodeau Group of Companies.\n\n\nThibodeau is a less-than-truckload and truckload carrier that is\nheadquartered in Portneuf, Quebec and operates primarily in Quebec, Ontario\nand the United States. Founded in 1945, Thibodeau has a workforce of\n815 employees and has 1,530 tractors and trailers operating out of\n14 terminals. In 2006, the group generated revenues of more than $80 million.\n\n\nThe addition of Thibodeau strengthens TransForce's existing\nless-than-truckload and truckload operations, giving TransForce greater\ncapacity in these segments in Eastern Canada.\n\n\nProfile\n\n\nTransForce Income Fund (www.transforce.ca) is the leader in Canada's\ntransportation and logistics industry. Headquartered in Montreal, Quebec, the\nFund's objective is to create value for unitholders through managing and\ninvesting in a growing network of independent operating subsidiaries.\nTransForce provides a comprehensive and unique combination of capabilities,\nresources and geographical coverage in both domestic and trans-border markets.\nIts companies operate in four well-defined business segments:\n\n\n- Less Than Truckload and Parcel Delivery;\n- Specialized Services, which includes its ancillary transportation\n services and fleet management & personnel services businesses;\n- Specialized Truckload; and\n- Truckload.\n\n\nTransForce's trust units (TIF.UN) are listed on the Toronto Stock\nExchange and are included in the S&P/TSX Composite Index.\n\n\nForward-Looking Statements\n\n\nExcept for historical information provided herein, this press release may\ncontain information and statements of a forward-looking nature concerning the\nfuture performance of TransForce. These statements are based on suppositions\nand uncertainties as well as on management's best possible evaluation of\nfuture events. Such factors may include, without excluding other\nconsiderations, fluctuations in quarterly results, evolution in customer\ndemand for TransForce's products and services, the impact of price pressures\nexerted by competitors, and general market trends or economic changes. As a\nresult, readers are ad...