TFI International, a North American leader in the transportation and logistics industry, recently acquired two bulk transportation companies, Schilli Corporation and Toronto Tank Lines, in a bid to boost its presence in the tank sector.
In the most recent acquisition, a wholly owned subsidiary of TFI purchased Schilli, founded in the 1960s in St. Louis MO, which specializes in the transportation of dry and liquid bulk, and offers dedicated fleet solutions and other value-add services throughout the Midwest, Southeast and Gulf Coast regions of the United States.
With more than 400 employees, Schilli operates 22 facilities across its service region and has a fleet of more than 340 tractors, including independent contractors, and more than 500 trailers. TFI has a leading market position in Specialized Truckload in Canada, and this acquisition expands this business line into the US, TFI said.
Schilli will operate as a standalone business unit within TFI’s Specialized Truckload group, with Bob Schilli, Jr. and John Koons continuing in their roles.
“We are pleased to welcome Schilli and its dedicated team to the TFI International group of companies,” said Alain Bédard, chairman, president and chief executive officer of TFI International. “Schilli is a superb strategic fit for us with its sophisticated service offerings, and will help boost our tank presence across the eastern US, which is a targeted growth region for us.”
The Schilli acquisition follows the purchase of Toronto Tank Lines (TTL), founded in 1993 in Hamilton, Ontario, Canada, which specializes in the transportation and storage of food grade liquids, industrial chemicals, and specialty oils and waxes throughout Canada, the US and Mexico.
TTL operates storage facilities and a fleet of approximately 75 tank trailers and 45 power units, with tank storage operations including 15 insulated and heated tanks, each with a capacity of 1 million liters and capable of receiving/delivering cargo from/to marine vessels, railcars and tank trucks. TTL’s one-stop solutions include operating a truck, tank and railcar wash facility.
TTL also will operate as a standalone business unit within TFI.
“We are delighted to have Toronto Tank Lines join the TFI International group of companies,” Bédard, said. “TTL’s strategic location in Hamilton Harbour, along with its best-in-class transportation, transloading, tank storage and wash rack assets, will synergistically fit into our family of tank companies across North America as we seek to accelerate its growth.”