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TLSS - Transportation and Logistics Systems agrees to acquire Severance Trucking Inc.
Transportation & Logistics Systems Inc
Transportation and Logistics Systems ( OTCPK:TLSS ) through its wholly-owned subsidiary, TLSS Acquisition, Inc., the company entered into a stock purchase agreement to acquire 100% of the outstanding stock of Massachusetts-based Severance Trucking Inc. and related companies.
The acquisition would nearly double annual revenues to $30M.
The deal is expected to close on January 31, 2023.