Trucker TFI Is Buying Flatbed Heavyweight Daseke for About $386 Million

null By Paul PageDec. 22, 2023 1:25 pm ETShareResizeListen(2 min)Daseke is a flatbed trucking specialist that has expanded with a series of acquisitions. Photo: Chip Somodevilla/Getty ImagesTFI International is buying trucking company Daseke in an all-cash deal for about $386 million that will make the company the largest operator by revenue of flatbed rigs targeting the construction industry.Montreal-based TFI will pay $8.30 a share for Daseke, a 69% premium to the closing stock price on Thursday, and will assume debt that will bring the total value of the deal to $1.1 billion. Based on an outstanding share count of about 46.5 million, the agreement values Addison, Texas-based Daseke at about $386 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersTurboTax: TurboTax Live Assisted Basic. File 100% free with expert help.The Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: Get 20% Off H&R Block

A person who loves writing, loves novels, and loves life.Seeking objective truth, hoping for world peace, and wishing for a world without wars.

Opinion Dec 23, 2023 Add to Reading List

Trucker TFI Is Buying Flatbed Heavyweight Daseke for About $386 Million

null

Paul Page

Dec. 22, 2023 1:25 pm ET

Daseke is a flatbed trucking specialist that has expanded with a series of acquisitions. Photo: Chip Somodevilla/Getty Images

TFI International is buying trucking company Daseke in an all-cash deal for about $386 million that will make the company the largest operator by revenue of flatbed rigs targeting the construction industry.

Montreal-based TFI will pay $8.30 a share for Daseke, a 69% premium to the closing stock price on Thursday, and will assume debt that will bring the total value of the deal to $1.1 billion. Based on an outstanding share count of about 46.5 million, the agreement values Addison, Texas-based Daseke at about $386 million.