North American leader in transportation and logistics, operating across the US and Canada
Acquired 100% of Business Operations
Vedder Tranpsort Ltd.
Transporter of liquid and dry food grade products as well as general freight.
Advised on Sale of Company
IMAP Canada Advises Vedder Transportation Group on Sale to TFI International
IMAP is pleased to announce that Capital West Partners – IMAP Canada has advised Vedder Transportation Group (“Vedder”) on its sale to TFI International (“TFI”).
Vedder is the industry leader in the tank truck transport of food-grade liquids in Western Canada. 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, and now has operations spanning British Columbia to Manitoba.
TFI (NYSE and TSX:TFII) is a North American leader in the transportation and logistics industry with annual revenues of over $10 billion.
TFI commented as follows: “For many years TFI International has been a leading provider of reliable, safe, and cost-effective tank truck services to the liquid and dry bulk food grade market in Eastern Canada. With the acquisition of Vedder, we add the premier provider of such services in Western Canada along with a network of strategically located facilities, making TFI the premier Canadian coast-to-coast provider of food-grade tank truck transportation services,” stated Alain Bédard, Chairman, President and Chief Executive Officer of TFI International. “We extend a warm welcome to Fred, to Larry Wiebe whose family started the business in 1956 and who remains an advisor, and to their many colleagues throughout the Vedder organization, and we look forward to watching their future success under the TFI International umbrella.”
Capital West Partners – IMAP Canada’s team in Vancouver acted as exclusive financial advisor to Vedder on the transaction.