Acquiring Company
TFI International
Acquired Company
Vedder Transportation Group
MontrealOil And GasTransportationLogisticsDescription
TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced the acquisition of Vedder Transportation Group (“Vedder”) which specializes in the tank truck transport of food grade liquids and dry bulk commodities. Headquartered in Abbotsford, British Columbia where it began operations in 1956, Vedder was one of the first companies in Western Canada to use tanker trucks to transport liquid food grade products, with operations now spanning British Columbia to Manitoba. With more than 155 tractors and nearly 300 trailing units, a food grade wash rack, railcar transload and warehousing, and maintenance and repair facilities, Vedder generates annual revenues in excess of CAD $80 million. Run by President Fred Zweep, Vedder will join TFI International’s Specialized Truckload business segment.
Quick answer
TFI International is acquiring Vedder Transportation Group, announced September 5, 2023. TFI International is based in Montreal, Quebec, Canada.
- How much did TFI International pay for Vedder Transportation Group?
- The deal value was not disclosed.
- What does TFI International do?
- TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the United States and Canada through its subsidiaries.
- Where are TFI International and Vedder Transportation Group based?
- TFI International is based in Montreal, Quebec, Canada.
- Who are the decision-makers at TFI International?
- Fundz holds 1 contact at TFI International. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at TFI International, and when
When TFI International changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Vedder Transportation Group?
Vedder Transportation Group was acquired by TFI International, based in Montreal. The deal was reported on September 5, 2023. 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 is publicly traded (TFII) and operates in Oil And Gas.
When did TFI International acquire Vedder Transportation Group?
TFI International's acquisition of Vedder Transportation Group was reported on September 5, 2023. TFI International Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vedder Transportation Group do?
Vedder Transportation Group is the company acquired in this transaction. It is privately held.
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