The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Jan. 29, 4:25 PM

Slide #83. Transportation and Logistics Systems, Inc. Severance Trucking Inc.

Acquirer: Transportation and Logistics Systems, Inc. (TLSS)
Acquiree: Severance Trucking Inc.
Details: Transportation and Logistics Systems, Inc. (OTC PINK:TLSS), ("TLSS", or the "Company"), a growing logistics service provider, today announced that on January 4, 2023, through its wholly-owned subsidiary, TLSS Acquisition, Inc., the Company entered into a stock purchase agreement ("SPA") to acquire 100% of the outstanding stock of Severance Trucking Inc. and related companies ("Severance"), a Massachusetts based trucking business offering an array of transportation services throughout New England, upstate New York and Canada.

  Transportation and Logistics Systems, Inc. : TLSS
  Severance Trucking Inc. : PRIVATE
 

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Strong Buy (4.00 out of 4)
86th percentile
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