OAKVILLE, Ont. — Spara Capital Partners, an Oakville-based investment and merchant banking firm, has announced the acquisition of carrier Flex-Mor Industries by Woodbridge-based trucking company Titanium Trucking Services.
Acting on behalf of Titanium, an asset-based trucking company with a freight brokering division, Spara was charged with finding a suitable acquisition to complement Titanium’s growth strategy. The Flex-Mor transaction will expand Titanium’s fleet to more than 90 trucks and more than 400 trailers with larger service capability.
“When we started investigating possible acquisition targets, we not only focused on the financial performance, the assets and the focus of their business, but we also analyzed their corporate culture and the expertise that this acquisition could bring to Titanium,” said David Firman, managing director of Spara’s transportation and logistics group. “Good human capital, route compatibility and an overall harmonious service offering were major drivers in this transaction that contributed to its success.”
“Acquiring another trucking company was a major part of our strategy for continued growth and success,” said Ted Daniel, president of Titanium. “David identified an ideal acquisition, spending the correct amount of time learning about our business and leveraging their transportation industry expertise to secure this deal. We’re very excited about the Flex-Mor acquisition and the future prospects of the company.”
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