TFI International recently acquired Carthage, Mo.-based D&D Sexton.
The family-owned business specialized in refrigerated transportation, and has served a long-standing customer base with long-haul, over-the-road services, and local and shuttle operations, for more than 40 years.
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 CEO of TFI International.
D&D has more than 150 company drivers and owner-operators, and close to 40 non-driving employees, TFI said. Operating more than 120 tractors and nearly 400 reefer and dry van trailers, D&D generates annualized revenues in excess of $25 million.
The acquired business will operate within TFI International’s CFI group of companies.
“In addition to an overlapping refrigerated freight network, D&D brings significant experience in local and shuttle operations,” Bédard added. “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. We extend our warmest welcome to the entire D&D team and look forward to their many upcoming contributions to TFI International’s continued growth.”
