TransForce acquires Quik X Transportation
MONTREAL: TransForce Inc has entered an agreement to acquire all the shares of Quik X Transportation Inc and Quik X Transportation Inc (Quik X), a provider of transportation and logistics services mainly in the expedited LTL market segment.
Headquartered in Mississauga, Ontario, Quik X has a network of 17 centers across Canada and the US, more than 600 employees and agreements with approximately 325 independent contractors. The company provides customers with information technology capabilities through proprietary software. Quik X is an asset-light company with annual revenues of approximately $200 million. The transaction is expected to close near the end of this year.
“Quik X is well-known for providing high-quality service through leading-edge technology,” said Alain Bédard, chairman, president and CEOfficer of TransForce. “It also meets our corporate objective of an asset-light business model, while further enhancing our density in the niche expedited LTL market.”
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TransForce acquires Quik X Transportation
