WOODBRIDGE, Ont. – Titanium Logistics has expanded its trucking services division after the acquisition of family-run carrier Flex-Mor Industries.

The deal was brokered by investment and merchant banking firm Spara Capital Partners, which announced the transaction in a press release.

Titanium Trucking Services will now offer a fleet of over 100 trucks and 400 trailers.

Spara was tapped by Titanium – one of Canada’s fastest growing companies, according to PROFIT magazine — to "find a suitable acquisition that would complement" the Woodbridge-based carrier’s growth strategy.

"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."

Based in Bolton, Ont., Flex-Mor offers truckload, LTL and dedicated services throughout North America.

Firman said the company made a good fit for Titanium, which is part of the Zzen Group of Companies. 

"Acquiring another trucking company was a major part of our strategy for continued growth and success," said Titanium’s president, Ted Daniel. "Spara identified an ideal acquisition, spending the correct amount of time learning about our business and leveraging their transportation industry expertise to secure this deal."