TransForce buys Quebec rival
MONTREAL -- TransForce Income Fund continues to expand its scale in its home province of Quebec.
The Canadian for-hire giant swallowed up even more market share with the recent acquisition of LTL carrier, the Thibodeau Group -- the fifth largest trucking company in the province.
Financial details weren't disclosed.
With about 430 power units and over 1100 trailers across 14 terminals, Portneuf, Que.-based Thibodeau also ranks 34th on Today's Trucking's Top 100 Canadian carrier list.
Founded in 1945, the company is led by its president, Pierre Thibodeau, who is the son of the company founder.
In 2006, the group generated revenues of more than $80 million.
Also last year, Thibodeau acquired Alpine International Transportation of Cambridge, Ont. This purchase enabled the company to expand its transport its LTL transport offerings from Quebec to Windsor (Ontario) and to develop the Western Canadian markets.
"Thibodeau is a well-established and successful business with an exceptional track record. It will further strengthen our less-than-truckload and truckload operations in Eastern Canada," said Alain Bédard, chairman, president and CEO of TransForce. "The Thibodeau name is well known and synonymous with the very best in our industry. We are delighted to have this trucking icon as a TransForce company."
The closing of the deal is subject to regulatory approvals.