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Announced

TFI International to acquire Gusgo Transport.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Acquisition

Single Bidder

Majority

Industrial Distribution

Friendly

Pending

Private

container transportation

Synopsis

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TFI International, a Canadian transport and logistics company based in Montreal, agreed to acquire Gusgo Transport, a container transport and storage company. Financial terms were not disclosed. "We look forward to welcoming Gusgo’s talented team to the TFI International family. With its 50-year history of providing superior, reliable service, Gusgo is a superb cultural fit with TFI’s customer-centric approach. Operationally, we see numerous synergies across our combined real estate footprint, as well as for our equipment sales, purchases, and overall utilization. In addition, by joining the TFI group of companies, Gusgo will be able to leverage our growing resources across North America to enhance its own growth and profitability. This exciting transaction is another important step in the ongoing expansion of our Specialized Truckload operations, and we look forward to watching Gusgo’s continued growth under the TFI International umbrella," Alain Bédard, TFI Chairman, President and CEO.

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