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Goldner Hawn unloads Transport America

Jun 02, 2014 - The Deal Pipeline
Mergers and Acquisitions

Goldner Hawn Johnson & Morrison Inc. is selling Transport America Inc. to TransForce Inc., opting against an initial public offering of the Minnesota truckload transportation and logistics company it purchased more than eight years ago.

Quebec-based TransForce said Monday it had struck a deal to acquire Transport America for a total enterprise value of $310 million, including the assumption of $150 million in debt. The acquisition will be financed using TransForce's existing credit facili...