Clarke Inc. Completes Sale of Its Freight Transportation Business to Transforce

Clarke Inc. completed the sale of its truckload, less-than truckload and freight logistics businesses (Freight Transport Business) to TFI Holdings Inc., a wholly owned subsidiary of TransForce Inc. Clarke received total net proceeds of approximately $100.5 million.

Clarke Inc. is a diversified investment holding company. Headquartered in Halifax, Clarke Inc. and its subsidiaries have offices across Canada.

TransForce Inc. is a North American leader in the transportation and logistics industry operating across Canada and the United States through its subsidiaries. The Freight Transport Business operates a network of 15 terminals across Canada and employs a total of more than 600 staff and independent contractors. The sale is expected to generate annual revenues of approximately $190 million.

Clarke was represented by Bennett Jones LLP with a team that included Christian Gauthier, Russel Drew and Claire Webster (corporate and securities); Thomas Bauer and Martin Sorensen (tax); Adam Kalbfleisch and Kyle Donnelly (competition), and Robert Bothwell (real estate).

TFI was represented by a team led by Josiane-Melanie Langlois, VP Legal Affairs and Corporate Secretary, and represented externally on competition matters by Heenan Blaikie LLP with a team that included Jon Smithen and Gregory McLean (competition).


Josiane M. Langlois Russel W. Drew Robert J. Bothwell Christian P. Gauthier Jon Smithen Thomas A. Bauer Martin A.U. Sorensen Adam Kalbfleisch