December 1 st , 2021 – TFI International Inc., a North American diversified transportation company, announced the acquisition of Alberta-based, F.K.D. Contracting (Alta) Ltd.
TFI International is a North American leader in the transportation and logistics industry, operating across the United States, Canada and Mexico through its subsidiaries. TFI creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries.
FKD is a registered federal carrier specializing in the commercial transport of Dangerous Goods (ammonium nitrate) from client’s manufacturing locations to end-user mine sites throughout Western Canada. The company benefits from multi-year contracts on all lanes (routes) with contracts having a 3 to 5-year term with provisions for renewal.
The successful transaction allowed Montreal-based TFI International, to expand its mining services footprint into Western Canada, while it afforded the shareholders a lucrative liquidity event and seamless transition out of the business.
Stormont acted as the exclusive financial advisor to FKD’s shareholders, in performing the following activities:
