Tracked deals
9
9 tracked deals across 2019-2026.
Public Company
Transportation & Logistics
TFI International
Montreal, Quebec, Canada
North American transportation and logistics company operating a network of wholly owned subsidiaries across the United States, Canada, and Mexico through segments including less-than-truckload (LTL), truckload (TL), and logistics.
- Focus Areas
- Less-than-truckload (LTL), Truckload (TL), Logistics
- Website
- tfiintl.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
7 buyout · 2 addon
TFI International Acquisition Volume by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
April 17, 2026
- Buyer
- TFI International (through TA Dedicated)
- Target
- Triangle Warehouse
- Industry
- Transportation
- Type
- Addon
TFI International, through its TA Dedicated unit, acquired Triangle Warehouse to expand Upper Midwest warehousing and deepen integrated distribution services. The deal adds about 900,000 square feet of warehousing capacity and additional fleet/power units to increase TA Dedicated’s distribution capabilities.
-
August 14, 2024
- Buyer
- TFI International
- Target
- CMW Express, FRL Express
- Industry
- Logistics & Distribution
- Location
- Quebec, Canada
- Type
- Buyout
Montreal-based TFI International has acquired two Canada-based carriers, CMW Express and its sister company FRL Express, expanding its TL and LTL footprint across Quebec, the Maritimes, Ontario and the eastern U.S. Terms were not disclosed; the deals are described as tuck-in add-ons as TFI continues a spree of smaller regional acquisitions while integrating prior larger deals.
-
March 11, 2024
- Buyer
- TFI International Inc.
- Target
- Hercules Forwarding, Inc.
- Seller
- Family owners (previously family-owned; specific seller not disclosed)
- Industry
- Trucking & Fleet
- Location
- California, United States
- Type
- Addon
TFI International has acquired Hercules Forwarding, a family-owned Less-Than-Truckload (LTL) carrier that operates a 31-terminal network across the U.S. and Canada. The bolt-on deal strengthens TFI's U.S. LTL footprint and cross-border capabilities by adding Hercules' fleet, terminals and expertise in US–Canada shipments.
-
August 7, 2023
- Buyer
- TFI International Inc.
- Target
- JHT Holdings, Inc.
- Industry
- Logistics & Distribution
- Location
- Wisconsin, United States
- Type
- Buyout
TFI International agreed to acquire JHT Holdings, an asset-light North American logistics and transportation provider that specializes in transporting Class 6-8 trucks from OEMs to dealers and end customers. JHT, based in Pleasant Prairie, Wisconsin, operates a 25-terminal network (8 owned), generates more than US$500 million in annual revenue, and is expected to close in the third quarter subject to customary adjustments.
-
- Buyer
- TFI International Inc.
- Target
- Siemens Transportation Group, Hot Line Freight Systems
- Seller
- Siemens family
- Industry
- Transportation
- Type
- Buyout
TFI International announced it has agreed to acquire Siemens Transportation Group (STG) and has completed the acquisition of Hot Line Freight Systems to expand its Less-Than-Truckload (LTL) footprint across Canada and the United States. STG, a family-owned Saskatoon-based LTL operator with roughly C$150 million in annual revenue and 15 terminals, will remain managed by Doug Siemens; Hot Line, a Wisconsin-based specialized LTL provider with nearly 200 employees and 14 terminals, will be managed by Paul Burgmeier under TFI's LTL segment.
-
February 21, 2023
- Buyer
- TFI International Inc.
- Target
- Axsun Group
- Industry
- Logistics & Distribution
- Location
- Quebec, Canada
- Type
- Buyout
TFI International has acquired Axsun Group, a Montreal‑based provider of intermodal, drayage, freight brokerage and warehousing services. The acquisition strengthens TFI's logistics and intermodal capabilities across Canada and the U.S.; Axsun will continue to be led by President and CEO Steve Ramescu and join TFI’s Logistics segment.
-
November 29, 2021
- Buyer
- TFI International Inc.
- Target
- D&D Sexton
- Industry
- Trucking & Fleet
- Location
- Missouri, United States
- Type
- Buyout
TFI International has acquired D&D Sexton, a family-owned refrigerated trucking company based in Carthage, Missouri. D&D operates more than 120 tractors and nearly 400 trailers, employs roughly 150 drivers plus ~40 non-driving staff, generates annualized revenue in excess of $25 million, and will join TFI’s CFI operating group to expand its temperature-controlled capacity and local/shuttle capabilities.
-
June 12, 2020
- Buyer
- TFI International Inc.
- Target
- Gusgo Transport, Seatainer Transport, Seatainer Terminals
- Industry
- Trucking & Fleet
- Location
- Ontario, Canada
- Type
- Buyout
TFI International signed a definitive agreement to acquire privately held Gusgo Transport (including Seatainer Transport and Seatainer Terminals), a Vaughan, Ontario–based container transport and storage business. The acquisition adds container drayage, storage capacity (6,000-container yard) and ~250 chassis to TFI's Truckload segment, expands density and geographic reach across the Greater Toronto Area and cross-border lanes into the U.S.
-
February 19, 2019
- Buyer
- TFI International Inc.
- Target
- Toronto Tank Lines
- Industry
- Transportation
- Location
- Ontario, Canada
- Type
- Buyout
TFI International Inc. has acquired Toronto Tank Lines (TTL), a Hamilton, Ontario–based specialist in transporting and storing food-grade liquids, industrial chemicals, specialty oils and waxes. TTL will operate as a standalone business unit within TFI, adding tank storage, transloading and specialized liquid-freight capabilities to TFI’s North American tanker network.
Related Acquisition Pages
Logistics & Distribution Buyers & Acquisitions
3 tracked deals by TFI International.
Transportation Buyers & Acquisitions
3 tracked deals by TFI International.
Trucking & Fleet Buyers & Acquisitions
3 tracked deals by TFI International.
Acquisitions in California
1 tracked deal by TFI International.
Acquisitions in Missouri
1 tracked deal by TFI International.
Acquisitions in Wisconsin
1 tracked deal by TFI International.
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