- Titanium Transportation (TTR) has acquired Bert and Son’s Cartage Limited
- As partial consideration, it issued 400,000 common shares priced at C$3.75 per share to be released in stages until 2025
- Bert and Son’s specializes in truckload, warehousing, distribution and logistics solutions within Ontario as well as cross-border to and from the U.S.
- Titanium is a transportation and logistics company serving over 1,000 customers in Canada and the U.S.
- Titanium Transportation (TTR) closed down by 0.32 per cent trading at $3.14 per share
Titanium Transportation (TTR) has acquired Bert and Son’s Cartage Limited.
Established in 1947, Bert and Son’s specializes in truckload, warehousing, distribution and logistics solutions within Ontario. It also serves customers across the border to and from the U.S. with a focus on retail, consumer goods, food and beverage, and industrial and commercial supply.
The acquisition brings approximately 40 dedicated drivers and staff to the Titanium team.
As partial consideration, Titanium issued 400,000 common shares priced at C$3.75 per share to be released in stages until 2025.
“This acquisition provides an exceptional opportunity for Titanium to further expand our platform to better serve our existing and new Canadian and U.S. cross-border customers in a high-growth market,” said Ted Daniel, Titanium’s President and CEO.
“B&S Cartage is a strategic fit for Titanium as its facilities, including warehousing and approximately eight acres of land, are less than one mile from Titanium’s existing Brantford terminal and other former ITS facilities,” he added. “With these combined assets now secured, we have the geographic footprint and a permanent home to expand operations and support this growing market.”
Titanium is a transportation and logistics company serving over 1,000 customers in Canada and the U.S.
Titanium Transportation (TTR) closed down by 0.32 per cent trading at $3.14 per share.
