Fastfrate Group Acquires Majority Stake in Challenger Group
August 2, 2022
Fastfrate Group completed a majority acquisition of Challenger Group (Challenger Motor Freight) following Competition Bureau Canada approval, expanding Fastfrate's network across Canada and into the United States. Challenger will continue to operate independently under incoming CEO Jim Peeples while Fastfrate maintains existing management and staff.
- Buyers
- Fastfrate Group
- Targets
- Challenger Group (Challenger Motor Freight)
- Industry
- Trucking & Fleet
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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