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Tfi International Completes Previously Announced Stg Acquisition

Jul 13, 2023•about 2 years ago

Acquiring Company

TFI International

Acquired Company

STG

MontrealMenlo ParkOil And GasLogisticsTransportation

Description

TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced acquisition of Siemens Transportation Group (“STG”), a family-owned business providing a total supply chain solution spanning North America, that now operates within TFI International's Less-Than-Truckload segment.

Company Information

Company

TFI International

Location

Montreal, Quebec, Canada

About

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 creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly owned operating subsidiaries. The company is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol TFII.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed