January 4, 2017

NFI acquires Canadian 3PL Dominion Warehousing & Distribution

Purchase brings Canadian revenue up to 10 percent of NFI's annual sales.

By DC Velocity Staff

Third-party logistics provider (3PL) NFI Industries has acquired the Canadian 3PL Dominion Warehousing & Distribution, the companies announced Tuesday.

Terms of the deal were not disclosed.

The purchase will increase NFI's Canada-based revenue to more than $125 million—about 10 percent of the Cherry Hill, N.J.-based company's total annual revenue of $1.2 billion. NFI will also leverage the new acquisition to continue its expansion of Canadian service offerings, which now include freight brokerage, global freight forwarding, asset-based transportation, and value-added warehousing and distribution.

Buying Toronto-based Dominion brings NFI's warehousing footprint total to more than 31 million square feet, including approximately 2 million square feet of physical locations in Toronto, Calgary, and Vancouver added by the Dominion acquisition, Dominion said.

In addition to expanding NFI's physical footprint, the deal also allows NFI to expand into new business sectors.

"Dominion provides a great opportunity for NFI to enter into new industries like specialty paints and chemicals and expand existing ones," NFI President of Distribution Kevin Patterson said in a release. "The acquisition increases our footprint and also expands our capabilities in these sectors."

NFI has been growing steadily over the past year through deals such as buying the Connecticut freight brokerage United Express and joining forces with supply chain consulting firm Tompkins International to create a fourth-party logistics provider (4PL) called the MonarchFx Alliance.


Strategy Videos


Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.

Subscribe to DC Velocity


Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : NFI acquires Canadian 3PL Dominion Warehousing & Distribution">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.