WOODBRIDGE: Titanium Transportation Group Inc. announced that it has received the approval of its board of directors to finalize definitive agreements to acquire ProNorth Transportation. The transaction is expected to close on December 1, 2015.
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 was founded by Brian Glass in 1986 and provides truckload van shipping services to over 250 customers, with 110 power units, 280 trailers and 150 employees and independent owner operators. The acquisition of ProNorth will increase Titanium’s fleet size by over 30%, to a total of over 450 power units and over 1,200 trailers, said the company release.
“Titanium has a proven track record of acquiring asset-based transportation companies, extracting synergies, and implementing its leading edge technology. This acquisition expands Titanium’s geographic profile in Northern Ontario, allows for synergies with Titanium’s existing lanes and Bracebridge terminal, and creates a platform for growth in the region. In addition, ProNorth’s dry van business is highly complementary to Titanium’s existing flatbed business in Northern Ontario,” said Ted Daniel, CEO of Titanium.
“Titanium provides a unique and compelling opportunity to participate in the rapid growth of a new generation transportation company. We are excited to be joining the Titanium team,” said Brian Glass.
Shipping activity at Port Qasim on February 11
KARACHI: Three ships namely, Glen Canyon, Al-Salam- II and TSM Pollux carrying Containers, Gas oil and Palm oil were arranged...
