TransForce, through its subsidiary Dynamex Canada, has acquired all of the shares of Total Delivery Systems, a British Columbia-based courier and distribution services company.
The acquisition is expected to generate annual revenue of about $20 million.
“This acquisition significantly expands Dynamex Canada’s geographic footprint, service offering and density across British Columbia,” said Alain Bédard, chairman, president and CEO of TransForce, in a written statement. “We are pleased to work with TDS’s senior management to further develop the business opportunities that will arise from this transaction.”
Separately, TransForce, a $3.1 billion transportation holding company with headquarters in Montreal, today offered to buy all outstanding shares of less-than-truckload carrier Vitran, which Vitran said it will consider.