TransForce Income Fund announces acquisition of Express Golden Eagle Inc.
MONTREAL, September 29, 2005 – TransForce Income Fund (TSX: TIF.UN), the leader in the
Canadian transportation and logistics industry, announced today that it has signed a letter of intent
to acquire Express Golden Eagle Inc. headquartered in Bois-des-Filion, Québec . The transaction is
expected to close in early October 2005.
Express Golden Eagle is an industry leader in open truckload transport, with a primary focus on
international volume between Ontario and Quebec and strategic U.S. locations. Through its
subsidiaries, the Company operates 175 tractors, 300 open and closed trailers, and generates
annual revenue of approximately $45 million. The Company’s core business is the transportation of
raw materials and construction materials for a customer base of large corporate clients. Express
Golden Eagle will continue to operate under the leadership of President Serge Lacasse, who will
report to Alain Bédard, Chairman of the Board, President and Chief Executive Officer of TransForce
Income Fund .
“The acquisition of Express Golden Eagle will strengthen TransForce’s Specialized Truckload
operations in Ontario and Quebec and our international truckload capabilities while adding strong
leadership to our team,” said Mr. Bédard.