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M&A Deal Summary

Titanium Acquires ITS

On February 5, 2021, Titanium acquired transportation company ITS for 80M CAD

Acquisition Highlights
  • This is Titanium’s 1st transaction in the Transportation sector.
  • This is Titanium’s largest (disclosed) transaction.
  • This is Titanium’s 1st transaction in Canada.
  • This is Titanium’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-02-05
Target ITS
Sector Transportation
Buyer(s) Titanium
Deal Type Add-on Acquisition
Deal Value 80M CAD

Target

ITS

Belleville, Ontario, Canada
ITS provides logistics and truckload solutions to a diverse, well-established and long-standing customer base in southern Ontario, Quebec and the United States, with a focus on food products, industrial commodities and general freight.

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Buyer(S) 1

Buyer

Titanium

Bolton, Ontario, Canada
Category Company
Founded 2002
Sector Transportation
Employees1,300
Revenue 460M CAD (2024)
DESCRIPTION

Titanium is an asset-based transportation and logistics company servicing Canada and the United States. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing. Titanium was founded in 2002 and is based in Bolton, Ontario.

DEAL STATS #
Overall 1 of 2
Sector: Transportation M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 B&S Cartage

Brantford, Ontario, Canada

B&S Cartage specializes in truckload, warehousing, distribution, and specialized logistics solutions within Ontario as well as transborder to/from the United States, serving long-standing AAA+ quality customers across the retail, consumer goods, food and beverage, industrial and commercial supply sectors.

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