This week, TFI International Inc. completed the previously announced acquisition of the largest North American flatbed and specialized trucking company for more than a billion dollars.
On April 1, 2024, Canada-based logistics company TFI announced that the acquisition of Daseke, Inc. for an enterprise value of $1.1 billion is now complete.
The acquisition plans were announced in December 2023.
With the acquisition completed, TFI gains access to Daseke’s approximately 4,900 tractors, 11,000 flatbed and specialized trailers.
During a February 2024 earnings call, TFI leadership suggested that they may spin off Daseke into a separate company in 2025.
The following companies are part of the Daseke brand:
- Smokey Point Distributing
- E.W. Wylie
- Central Oregon Truck Company
- Lone Star Transportation
- Bulldog Hiway Express
- Hornady Transportation
- Big Freight Systems
- The Steelman Companies
- The Roadmaster Group
- TSH & Co.
- The Boyd Companies — Boyd Bros. Transportation and WTI Transport
“This attractive acquisition is highly complementary to our existing operations and scales our Truckload segment into a leading North American truckload transportation and logistics business. Daseke’s deep expertise in servicing a broad portfolio of specialized and industrial end markets such as high-security cargo, agriculture, manufacturing, and construction, is critical given the relative strength of specialized market dynamics today. We extend a warm welcome to the Daseke team,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International. “This acquisition also advances our strategic consideration of creating a unique opportunity for shareholders to separately invest in a specialized truckload business and in an LTL, P&C and Logistics business. Our immediate focus will be on improving Daseke’s financial results, with the strategic consideration to follow and be ongoing.”