Titanium Transportation Acquires International Truckload Services Group (ITS)
February 5, 2021
Titanium Transportation Group Inc. acquired all shares of International Truckload Services Group (ITS) for approximately $60.5 million (cash and assumption of net debt), adding ITS' assets, footprint and customer base to Titanium's platform. ITS, founded in 1986 and based in Belleville, Ontario, generates about $80 million in annual revenue, operates ~330 power units and 1,600 trailers, and employs roughly 470 people; the deal expands Titanium's scale and geographic coverage across southern Ontario, Quebec and the United States.
- Buyers
- Titanium Transportation Group Inc.
- Targets
- International Truckload Services Group (ITS)
- Sellers
- International Truckload Services Group shareholders (Haggerty family), Rob Haggerty
- Industry
- Trucking & Fleet
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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