LN partner Ian Scarlett acted as legal advisor to Titanium Transportation Group during the strategic acquisition of International Truckload Services Group (ITS). The acquisition is highly complementary to Titanium’s existing truckload service offering, delivers immediate and significant increase in revenue and EBITDA and establishes Titanium among the top 12 largest Canadian transportation companies. Combining forecast organic growth with the acquisition, Titanium expects its 2021 revenue to be approximately $330 million and EBITDA to be $33 million. The addition of ITS’ assets, geographical footprint and established customer base provides scale and enhances capacity, uniquely positioning Titanium to capitalize on the $850 billion North American freight market.
Read the full article here.