Trade Resources Industry Views TransForce Said Its Acquisition of Two Units of Clarke Inc. Will Be Completed by Jan. 1.

TransForce Said Its Acquisition of Two Units of Clarke Inc. Will Be Completed by Jan. 1.

TransForce Inc. said its acquisition of two units of Clarke Inc. will be completed by Jan. 1.

All conditions for the acquisition to be finalized have been met, Montreal-based TransForce said Dec. 20. Terms were not disclosed for the deal, which was announced in October.

TransForce will buy Clarke Transport, a less-than-truckload intermodal transportation services that operates a 15-terminal network across Canada, and Clarke Road Transport, which offers truckload services.

TransForce said the acquisition is expected to generate annual revenue of C$190 million. The Clarke entities combined employ more than 600 employees and independent contractors.

Clarke will retain its commercial tank and home-heating units.

TransForce is ranked No. 8 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers, and Clarke’s truckload operation is listed as the 42nd largest in that category.

 

Source: http://www.ttnews.com/articles/basetemplate.aspx?storyid=33758&t=TransForce-Says-Acquisition-of-Clarke-Units-Will-Close-Jan-1
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TransForce Says Acquisition of Clarke Units Will Close Jan. 1
Topics: Transportation