Firm News

Another M&A Transaction Closed by Loopstra Nixon in the Transportation Space: Fastfrate’s Acquisition of ASL

Fastfrate has grown into a diverse group comprised of 4 companies operating out of 15 terminals across Canada. 

Joining under Fastfrate’s portfolio is ASL Distribution Services Limited (ASL) – a leading transportation, warehousing, distribution and final mile service provider. The acquisition of ASL includes all operating entities and projects an increase of $120MM in 2021 to Fastfrate Group revenue. In addition, ASL's home and office final mile delivery division currently completes over 2 million deliveries per month which Fastfrate sees as a great opportunity for growth and entry into the e-commerce marketplace.

LN’s J. A. Nixon and his team (Michelle Mondorf, Bradley Morton and articling student Alessia Grossi) acted as legal counsel for Fastfrate in the acquisition.

Read the full news release from Fastfrate here.