Financial Advisor
Hercules Forwarding, Inc.
M&A Advisory
Has Been Acquired By
Transaction Details
- On March 11, 2024, TFI International Inc. (NYSE: TFII) announced the acquisition of Hercules Forwarding, Inc. (“Hercules”)
- Hercules is a Less-Than-Truckload (LTL) carrier with an emphasis on intra-US and US-to-Canada crossborder transportation.
- Hercules utilizes a 31-terminal network and operates more than 210 trucks, close to 600 trailers and approximately 75 containers, generating more than US $100M in annual revenues.
- Hercules’ low claims ratio and skill at serving multiple premium freight markets moving high-value cargo across the US and Canada aligns well with TFI’s operating philosophy and offers synergy opportunities on both sides of the border.
- Hercules fortifies TFI International’s US LTL portfolio while adding cross-border LTL capabilities into Canada, creating a partner for Canada-to-US shipments.
About the company
TFI International Inc.
TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States and Canada 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 and 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.
Sources: Company Press Release.
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