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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