MONTREAL, Que. — TransForce Income Fund has announced that it intends to acquire Express Golden Eagle Inc. headquartered in Bois-des-Filion, Que. The transaction is expected to close in early October.
Express Golden Eagle is an industry leader in open truckload transport, with a primary focus on international volume between Ontario and Quebec and strategic U.S. locations. Through its subsidiaries, the company operates 175 tractors, 300 open and closed trailers, and generates annual revenue of about $45 million. The company’s core business is the transportation of raw materials and construction materials for a customer base of large corporate clients. Express Golden Eagle will continue to operate under the leadership of president Serge Lacasse, who will report to Alain Bdard, president and CEO of TransForce Income Fund.
“The acquisition of Express Golden Eagle will strengthen TransForce’s Specialized Truckload operations in Ontario and Quebec and our international truckload capabilities while adding strong leadership to our team,” Bdard said.