TFI International Acquires CCC Transportation and Related Real Estate
September 09 2020 - 8:00AM
TFI International Inc. (NYSE and TSX: TFII), a North American
leader in the transportation and logistics industry, today
announced the acquisition of substantially all the assets of CCC
Transportation (“CCC”) and related real estate and equipment.
Primarily a bulk carrier, CCC was previously a subsidiary of Comcar
Industries, Inc., which along with its other subsidiaries filed
Chapter 11 petitions in the U.S. Bankruptcy Court on May 17, 2020.
TFI International, which paid a total consideration of U.S. $6.8
million for CCC, its associated real estate and additional
equipment, had purchased both CT Transportation and MCT
Transportation as part of the same bankruptcy proceeding, as
previously announced.
Founded in 1953 and headquartered in Auburndale,
FL, CCC is a leading truckload carrier in the Southeast U.S. and
one of Florida's largest intrastate motor carriers, offering cement
hauling services primarily in Georgia and Florida, as well as dry
van, intermodal, dedicated fleets, logistics and retail direct
delivery. CCC has approximately 80 drivers operating nearly 100
tractors and more than 80 trailers, and generates approximately
U.S. $10 million in annual revenue. As part of the transaction, TFI
also acquired real estate and more than 90 additional trailers. CCC
Transportation will become part of TFI International’s Truckload
segment.
“We welcome the CCC team to the TFI family of
companies and are pleased to strategically bring onboard several
additional attractive assets of Comcar, following our earlier
acquisitions of CT and MCT assets,” stated Alain Bédard, Chairman,
President and Chief Executive Officer of TFI International. “CCC
fits nicely with our existing BTC southern cement business and
represents another important addition to our expanding specialized
Truckload operations.”
ABOUT TFI INTERNATIONALTFI
International Inc. is a North American leader in the transportation
and logistics industry, operating across the United States, Canada
and Mexico through its subsidiaries. TFI International creates
value for shareholders by identifying strategic acquisitions and
managing a growing network of wholly-owned operating subsidiaries.
Under the TFI International umbrella, companies benefit from
financial and operational resources to build their businesses and
increase their efficiency. TFI International companies service the
following segments:
- Package and Courier;
- Less-Than-Truckload;
- Truckload;
- Logistics.
TFI International Inc. is publicly traded on the
New York Stock Exchange and the Toronto Stock Exchange under the
symbol TFII. For more information, visit www.tfiintl.com.
For further information:Alain BédardChairman,
President and CEOTFI International
Inc.647-729-4079abedard@tfiintl.com
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