April 11, 2024

TFI International acquires Daseke in a $1.1 billion deal

Steve Smith

TFI International acquires Daseke in a $1.1 billion deal

TFI International Inc., a Canadian logistics company, has finalized the acquisition of Daseke, Inc., the largest North American flatbed and specialized trucking firm, for $1.1 billion.

Deal details: Announced in December 2023, the deal was completed on April 1, 2024, and notably includes

Approximately 4,900 tractors and 11,000 flatbed and specialized trailers being added to TFI's fleet.

Future plans: TFI hinted at possibly spinning off Daseke into a separate entity by 2025 to focus on improving its financial performance, but nothing is set in stone.

What they're saying: "This attractive acquisition...scales our Truckload segment into a leading North American truckload transportation and logistics business," said TFI CEO Alain Bédard, highlighting Daseke's expertise in specialized markets.

He added, "Our immediate focus will be on improving Daseke’s financial results...be ongoing."

Daseke operates several notable companies providing specialized transport services, including Smokey Point Distributing, E.W. Wylie, and The Boyd Companies among others.

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