TransForce continues to soar with Golden Eagle Express buy
MONTREAL, — Just days after buying up one Quebec carrier, Canada’s largest trucking company just swallowed up another.
TransForce has announced today that it has signed a letter of intent to acquire Golden Eagle Express Inc. headquartered in Bois-des-Filion, Québec . The transaction is expected to close in early October 2005.
Express Golden Eagle is a truckload transporter, with a primary focus on international volume between Ontario and Quebec and strategic US locations. Through its subsidiaries, it operates 175 tractors, 300 open and closed trailers, and generates annual revenue of approximately $45 million, TransForce says.
Golden Eagle’s core business is the transportation of raw materials and construction materials for a customer base of large corporate clients. Like all TransForce’s subsidiaries it will continue to operate under the leadership of President Serge Lacasse, who will report to Alain Bédard, Chairman, President and CEO of TransForce Income Fund .
“The acquisition of Express Golden Eagle will strengthen TransForce’s Specialized Truckload operations in Ontario and Quebec and our international truckload capabilities while adding strong leadership to our team,” said Mr. Bédard.
Last week TransForce announced the acquisition of Group 2 B Inc. and its subsidiaries, which are based primarily in Amos, Val-d’Or and Ville-Marie in Quebec’s Abitibi-Temiscamingue region.
Founded in 1966, Group 2 B through its subsidiaries is the leading trucking company servicing the forestry industry in north-western Québec and north-eastern Ontario and a just-in-time provider of transportation, logistics, loading and equipment leasing services.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.