TransForce Income Fund Acquires Westfreight Systems Inc.
MONTREAL, December 20, 2006 – TransForce Income Fund (TSX: TIF.UN), the leader in the
Canadian transportation and logistics industry, today announced it has signed a share purchase
agreement to acquire all outstanding shares of Westfreight Systems Inc. and Westfreight Holdings
Westfreight is a specialized over-dimensional and heavy haul transportation service provider, with
complimentary LTL and TL van and flatbed service. With a focus on serving the oil and gas industry,
primary service lanes are between Alberta and the Texas and Oklahoma regions. Incorporated in
1989, the Company’s fleet moves a variety of heavy and related oilfield equipment, and generates
annual revenues of approximately $47 million.
“The acquisition of Westfreight compliments our current capabilities at UTL Transportation Services
in the heavy-haul and full load segment of the energy sector as well as complimenting the crossborder
LTL service provided to the energy sector by Canadian Freightways” said Alain Bédard,
Chairman, President and Chief Executive Officer of TransForce Income Fund. “With the reputation
and fleet resources of Westfreight, we will have an even greater capability to provide service to
energy companies and in particular their project and facility upgrade initiatives.”
Lance Griffin, President of Westfreight Systems Inc. will continue to lead the company along with
his entire team.
The acquisition is subject to customary conditions and approvals, and is expected to close by early