BeavEx gets bankruptcy court OK to sell assets to TFI affiliates

By Caroline Salls

Pittsburgh, April 17 – BeavEx Inc. received court approval to sell its assets to some U.S. Last Mile affiliates of TFI International Inc., according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The assets being sold include BeavEx’s Guardian Medical Logistics (GMI) division.

Under a stalking horse agreement, TFI has agreed to pay $7.2 million in cash for the assets and assume related liabilities.

The company said it did not receive any qualified competing bids.

BeavEx is an Atlanta-based provider of time-critical, same-day transportation and logistics services to businesses throughout the United States. The company filed bankruptcy on Feb. 19 under Chapter 11 case number 19-10316.

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