Add-on Acquisition • Transportation

Canada Cartage Acquires GTI Group

On November 27, 2023, Canada Cartage acquired transportation company GTI Group from Novacap

Acquisition Context
  • This is Canada Cartage’s 7th transaction in the Transportation sector.
  • This is Canada Cartage’s 7th transaction in Canada.
  • This is Canada Cartage’s 2nd transaction in Quebec.

Explore All 1752 Add-on Acquisition Transportation Deals - Search the Database Free


M&A Deal Summary

Date November 27, 2023
Target GTI Group
Sector Transportation
Buyer(s) Canada Cartage
Sellers(s) Novacap
Deal Type Add-on Acquisition

Target Company

GTI Group

Lachine, Quebec, Canada
GTI Group offers integrated transport solutions encompassing heavy haul and over dimensional land transportation, specialty storage & handling, and international logistics and freight forwarding services. GTI Group was founded in 1992 and is based in Lachine, Quebec.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Canada Cartage

Mississauga, Ontario, Canada

Category Company
Founded 1914
Sector Transportation
DESCRIPTION

Canada Cartage is a provider of customer-located, dedicated trucking services and warehouse solutions to specific customers and reside at their locations. Canada Cartage was founded in 1914 and is based in Mississauga, Ontario.


Deal Context for Buyer #
Overall 7 of 7
Sector: Transportation 7 of 7
Type: Add-on Acquisition 7 of 7
State: Quebec 2 of 2
Country: Canada 7 of 7
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Laurentien

Bois-des-Filion, Quebec, Canada

Laurentien is a dedicated contract transportation provider that specializes in refrigerated freight services to large, well-known brands in grocery, pharmaceutical, food and beverage, and retail sectors. Laurentien was formed in 1960 and is based in Bois-des-Filion, Quebec.

Buy -

Seller Profile 1

SELLER

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


Deal Context for Seller #
Overall 26 of 30
Sector: Transportation 3 of 3
Type: Add-on Acquisition 12 of 13
State: Quebec 11 of 14
Country: Canada 16 of 19
Year: 2023 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Optiom

Calgary, Alberta, Canada

Optiom is a specialty insurance managing general underwriter ("MGU") and provider of vehicle replacement coverage. Optiom takes pride in a strong reputation for providing professional and dependable administration of specialty vehicle replacement insurance and guarantee programs across Canada. Optiom is based in Calgary, Alberta.

Sell £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Harmony Healthcare IT

South Bend, Indiana, United States

Harmony Healthcare IT is a data management firm that moves and stores patient, employee, and business records for healthcare organizations. The company’s mission is to preserve vital information that will improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability, and analytics to provide its clients with trusted solutions. Harmony Healthcare IT was founded in 2006 and is based in South Bend, Indiana.

Buy -