Parties
Company
GLS Logistics Systems Canada
Company
DC Logistics
On September 1, 2024, GLS Group completed the previously announced sale of its US freight divisions - GLS US Freight Inc. and GLS US Business Solutions Inc. - to DC Logistics LLC, a company recognized for its Less-than-Truckload (LTL) trucking and warehousing solutions.
The financial terms of the transaction have not been publicly disclosed.
Fasken represented GLS Logistics Systems Canada Ltd. with a team composed of Antonella Penta, Damien Hallé-Hannan, and Felicia Yifan Jin.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
01 September 2024