M&A Deal Summary

Titanium Logistics Acquires ProNorth Equipment

On November 25, 2015, Titanium Logistics acquired transportation company ProNorth Equipment for 6M USD

Acquisition Highlights
  • This is Titanium Logistics’ 3rd transaction in the Transportation sector.
  • This is Titanium Logistics’ largest (disclosed) transaction.
  • This is Titanium Logistics’ 3rd transaction in Canada.
  • This is Titanium Logistics’ 3rd transaction in Ontario.

M&A Deal Summary
Date 2015-11-25
Target ProNorth Equipment
Sector Transportation
Buyer(s) Titanium Logistics
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

ProNorth Equipment

North Bay, Ontario, Canada
ProNorth is an asset-based transportation company based in North Bay, Ontario, with additional terminals in Mississauga and Sudbury, Ontario, and facilities in Timmins, Ontario. ProNorth provides truckload van shipping services to over 250 customers, with 110 power units, 280 trailers and 150 employees and independent owner operators.

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Buyer(S) 1

Buyer

Titanium Logistics

Woodbridge, Ontario, Canada
Category Company
Sector Transportation
Employees500
DESCRIPTION

Titanium is a asset-based transportation and logistics company servicing Canada and the United States, with approximately 420 power units, over 1,300 trailers and over 500 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 1,000 customers.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Ontario) 3 of 4
Country (Canada) 3 of 4
Year (2015) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 Muskoka Transport

Bracebridge, Ontario, Canada

Muskoka Transport is an asset-based transportation and logistics company based in Bracebridge, Ontario with additional terminals in Barrie and Bolton, Ontario. Company has a long-standing and well-established customer base in the greater Muskoka region. Muskoka Transport provides truckload flatbed freight and van shipping services with over 400 trailers, over 100 power units

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Xpress Group

Maidstone, Ontario, Canada

Xpress Group Ltd. is a full service freight transportation company that is ready to deliver your time-sensitive shipments anywhere in Canada, USA, and Mexico.

Buy $3M
Mergr

Product

Company

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