M&A Deal Summary

Titanium Logistics Acquires Xpress Group

On October 2, 2017, Titanium Logistics acquired transportation company Xpress Group for 3M USD

Acquisition Highlights
  • This is Titanium Logistics’ 4th transaction in the Transportation sector.
  • This is Titanium Logistics’ 2nd largest (disclosed) transaction.
  • This is Titanium Logistics’ 4th transaction in Canada.
  • This is Titanium Logistics’ 4th transaction in Ontario.

M&A Deal Summary

Date 2017-10-02
Target Xpress Group
Sector Transportation
Buyer(s) Titanium Logistics
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

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.

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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 4 of 4
Sector: Transportation M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Ontario M&A 4 of 4
Country: Canada M&A 4 of 4
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 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.

Buy $6M