[themoneytizer id="51423-1"]
English

TFI International acquires DLS for US $ 225 million

TFI International Inc., a North American leader in the transportation and logistics industry, announced Tuesday that it has entered into a definitive agreement to acquire DLS Worldwide (DLS), a business unit of RR Donnelley & Sons Company.

Established in 2006 and headquartered in Bolingbrook, IL, DLS provides logistics services through a third-party logistics (3PL) network of in-house sales staff, commissioned sales agents, and approximately 140 agent stations.

DLS ‘primary modes of transportation include less than one truck, truckload, freight forwarding, expedited, parcel, and intermodal.

The $ 225 million acquisition is expected to close within the next 60 days, subject to customary closing conditions, including regulatory review and approval.

During a recent 12-month period, DLS generated approximately $ 550 million in revenue, including intercompany sales that are expected to continue after closing.

TFI expects the acquired operations to generate approximately $ 22.5 million in operating income during the first four full quarters after closing, before possible synergies and non-cash amortization of intangible assets and related purchase accounting adjustments.

TFI

The company is a North American leader in the transportation and logistics industry, operating in the United States, Canada and Mexico through its subsidiaries.

TFI International creates shareholder value by identifying strategic acquisitions and managing a growing network of wholly owned operating subsidiaries.

Under the umbrella of TFI International, companies benefit from financial and operational resources to develop their businesses and increase their efficiency.

TFI International companies serve the following segments:

  • Packages and courier.
  • Load less than a truck.
  • Cargo truck.
  • Logistics.

 

Publicidad
loading...
[themoneytizer id="51423-1"]
Mostrar más
Botón volver arriba