Canada Cartage Acquires The GTI Group to Enter U.S. Market
November 27, 2023
Canada Cartage Corporation has entered into a definitive agreement to acquire The GTI Group, a Montreal-based logistics provider offering brokerage, freight management, forwarding, drayage, intermodal, warehousing and specialized heavy/oversize trucking. The deal expands Canada Cartage’s service capabilities and marks its first entry into the U.S. market, with GTI’s U.S. offices in Houston, Des Moines and Franklin, Tennessee; the combined company is expected to generate over C$1 billion in annual revenue.
- Buyers
- Canada Cartage Corporation
- Targets
- The GTI Group
- Industry
- Logistics & Distribution
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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