TransForce Income Fund Completes Strategic Acquisitions
Group 2 B Inc., Express Golden Eagle Inc. and Rebel Transport Ltd.,
Join TransForce Group of Companies.
MONTREAL, October 5, 2005 – TransForce Income Fund (TSX: TIF.UN), the leader in the
Canadian transportation and logistics industry, announced today that it has completed new
acquisitions that expand its capabilities in specialized trucking and international transport as well as
enhancing its presence in Western Canada.
The three newest additions to TransForce’s group of operating subsidiaries are each leaders in their
market and generate combined annual revenues of approximately $108 million.
TransForce has completed the acquisition of Group 2 B Inc. of Amos, Quebec, originally announced
on September 26. Group 2 B is the leading trucking company servicing the forestry industry in
northwestern Quebec and northeastern Ontario and is a just-in-time provider of transportation,
logistics, loading and equipment leasing services. Its annual revenues are approximately $50
million with 80% of revenues derived from longer-term contracts with well-established clients.
As well, TransForce has closed the acquisition of Express Golden Eagle Inc., of Bois-des-Filion,
Quebec, an industry leader in open truckload transport with a focus on international volume
between Ontario and Quebec and strategic U.S. locations. It generates annual revenue of
approximately $45 million.
In addition, on October 4, TransForce announced it has acquired Edmonton, Alberta-based Rebel
Transport Ltd. which services the upstream oil and gas industry as well as related construction
activities in western Canada. It transports a variety of heavy oilfield related equipment and supplies
to off-highway job sites for some of the largest oil and gas companies in Canada. Rebel’s annual
revenues are approximately $13 million.
“Each of these acquisitions meets our standard of successful operations, market leadership and
strong management. We are pleased to welcome them to our roster of outstanding transportation
subsidiaries,” said Alain Bédard, Chairman of the Board, President and Chief Executive Officer of
TransForce Income Fund. “We are confident they will help us continue to generate increased value
for our unitholders.”