Fastfrate Group Acquires ASL Distribution Services Limited
February 16, 2021
Fastfrate Group has acquired ASL Distribution Services Limited, a Canadian transportation, warehousing, distribution and final-mile service provider. The purchase adds 13 terminals and final-mile hubs across Ontario, Quebec, Manitoba and into New York, and is projected to increase Fastfrate Group revenue by about $120 million in 2021 while immediately providing Fastfrate entry into the e-commerce final-mile market.
- Buyers
- Fastfrate Group
- Targets
- ASL Distribution Services Limited
- Industry
- Logistics & Distribution
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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