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David O'Neill, a driver and a driver trainer with Kriska Holdings Ltd., poses for a photograph with his rig at the Kriska truck yard in Mississauga, ON, on Wednesday, April 17, 2013.
David O'Neill, a driver and a driver trainer with Kriska Holdings Ltd., poses for a photograph with his rig at the Kriska truck yard in Mississauga, ON, on Wednesday, April 17, 2013.
(Matthew Sherwood For The Globe and Mail)

TransForce deal shines light on heightened trucking M&A

When transportation and logistics company TransForce Inc. said it would acquire freight transportation company Contrans Group Inc. for $495-million, it marked another major consolidation in the heated trucking industry.

Montreal-based TransForce said the deal for Woodstock, Ont.-based Contrans Group Inc. would combine two acquisitive companies in the trucking industry. TransForce chief executive officer Alain Bédard praised Contrans’s “strong resources, an excellent client base, and importantly, very strong management.”