TransForce Inc. sells Waste Management Segment for $800 million

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TransForce Inc.

February 2016

On February 1, 2016, TransForce Inc., a North American leader in the transportation and logistics industry, completed the sale of its Waste Management segment to GFL Environmental Inc., headquartered in Toronto, Ontario, for $800 million. At closing, GFL paid $775 million to TransForce, subject to customary closing adjustments, and issued a promissory note to TransForce in an amount of $25 million, payable in four years and bearing interest at an annual rate of 3%.

The transaction consisted of the sale by TFI Holdings Inc., a wholly-owned subsidiary of TransForce, of 100% of the shares of Services Matrec Inc. and of the other indirect wholly-owned subsidiary companies comprising TransForce’s Waste Management segment.

TransForce was represented by Josiane-Mélanie Langlois, its Vice President, Legal Affairs and Corporate Secretary, assisted by Fasken Martineau DuMoulin LLP, with a team led by Neil Wiener and Marvin Mikhail, and including Huy Do and Grant LoPatriello (competition), Daniel R. Law and Allyson Roy (real estate), Claude E. Jodoin (tax) and Gordon Hunter (corporate).