Transplace has acquired Torus Freight Systems, a Canadian-based logistics services company specializing in cross-border and intra-Canada freight.
Transplace is a provider of transportation management services and logistics technology. Terms were not disclosed.
“Acquiring Torus, a leading Canadian 3PL, continues our expansion through strategic acquisition,” said Tom Sanderson, Transplace CEO. “In 2011, Transplace acquired SCO Logistics to broaden our vertical experience in chemicals and joined forces with Celtic International bringing us door-to-door intermodal expertise. Geographic expansion was our goal, and that’s exactly what we have accomplished with this acquisition.
“We are pleased to add Torus’ expert employees to our workforce and their strong Canadian carrier base to our portfolio, and it also perfectly balances our strong presence in Mexico,” Sanderson added. “We are thrilled to have an Ontario office to better serve our customers. Bringing the Torus team on board allows Transplace to offer more services to existing customers and to serve a new set of customers. This acquisition further supports our commitment and strategic plan to grow Transplace and build a competitive advantage for our company and our customers.”
“We have a very strong network to meet our customers’ predominantly northbound requirements from all points in the USA to Canada. We also provide southbound service to the USA and domestic service within Canada,” said Angelo LaMantia, president & CEO, Torus. “Joining Transplace allows us to give our current customers further reach and scale into all of North America, including Mexico, along with the advantage of Transplace’s vertical and mode experience. It is a privilege to have the opportunity to work with logistics leaders such as Tom Sanderson, George Abernathy and Rich Hyland as they grow into additional North American geographical areas.”