TFI International Inc. Tuesday, Nov. 30, announced the acquisition of D&D Sexton.
Based in Carthage, Missouri, D&D has been a family-owned business for more than 40 years, specializing in refrigerated transportation and serving a long-standing customer base with both long-haul over-the-road services as well as local and shuttle operations.
D&D has more than 150 company drivers and owner-operators, and close to 40 non-driving employees. Operating more than 120 tractors and nearly 400 refrigerated and dry van trailers, D&D generates annualized revenues in excess of $25 million, according to a statement from TFI. The acquired business will operate within TFI International’s CFI group of companies. The terms of the transaction were not disclosed.
“D&D is an excellent strategic fit with the organization, culture, and business model of our CFI operating company, adding strategic capacity and valuable, longstanding customer relationships to its temperature-controlled business,” said Alain Bédard, chairman, president, and chief executive officer of TFI International. “In addition to an overlapping refrigerated freight network, D&D brings significant experience in local and shuttle operations. We see multiple near-term opportunities around costs, routes and pricing to enhance profitability, as well as longer-term opportunities to optimize equipment and the capacity network design, taking D&D to the next level of excellence."
Headquartered in Montreal, Canada, TFI International Inc. operates across the United States, Canada, and Mexico through its subsidiaries.