October 27, 2016 / 8:32 PM / in 10 months

BRIEF-Transforce announces acquisition of North American truckload operation of XPO Logistics

Oct 27 (Reuters) - Transforce Inc -

* Transforce announces the acquisition of the North American truckload operation of XPO logistics

* Acquired business is expected to generate annual revenue of approximately US$530 million in 2016

* Acquired business is expected to generate annual ebitda, a non-IFRS measure of approximately US$115 million in 2016

* Acquisition provides company with annual u.s. TL run rate revenue of nearly US$850 million

* Acquisition is partially financed with transforce's existing revolving credit facility and a new CA$500 million acquisition facility

* Co's unit has acquired North American truckload operation of XPO Logistics, Inc Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below