BOLTON, Ontario, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. ("Titanium" or the "Company") (TSX VENTURE:TTR) is pleased to announce it has expanded its M&A team by engaging Left Lane Associates (“Left Lane”), a transportation mergers and acquisition advisory firm founded by Mike McCarron. Left Lane will enhance Titanium’s acquisition growth strategy with uniquely tailored marketing strategies and in depth transportation sector expertise.
Left Lane was founded by Mike McCarron who has over 35 years of experience in the transportation industry, including 20 years of service on the Board of Directors of the Canadian Trucking Alliance and the Ontario Trucking Association. Mike co-founded MSM Transportation, which was sold to Wheels Group in 2012, and is an award-winning writer for Today’s Trucking.
“We are excited to have Left Lane and Mike McCarron join our team of M&A specialists as we continue to actively seek out established businesses that offer strategic long-term growth,” said Ted Daniel, CEO of Titanium. “As the transportation industry consolidates and transforms through technology, our goal is to be the buyer of choice in the cross-border truck-load market. We are confident that Left Lane will further augment our acquisition growth prospects with new opportunities, given their team’s thorough understanding of a seller’s unique value proposition as well as Titanium’s strategic acquisition criteria.”
Mike McCarron, President, Left Lane added, “We look forward to working alongside the Titanium team and introducing them to our extensive network of Canadian transportation leaders. With a proven business model that has resulted in many successful transactions, we look forward to being part of Titanium’s dynamic growth story.”
About Left Lane
Left Lane is a premier transportation mergers and acquisition advisor company founded in 2015 by Mike McCarron. With combined 80 years of industry experience, Left Lane is a trusted, vested Canadian transportation leader that uses technology based strategic solutions unique to each client to produce measurable results using Canada’s largest logistics database, unique probability model and out of the box marketing.
About Titanium
Titanium is a leading asset-based transportation and logistics company servicing Canada and the United States, with approximately 450 power units, 1,500 trailers and 550 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 1,000 customers. Titanium is a recognized consolidator of asset-based transportation companies in Ontario, having completed ten asset-based trucking acquisitions since 2011. Titanium has also been ranked by PROFIT magazine as one of Canada's Fastest Growing Companies for nine consecutive years.
Cautionary statement regarding forward-looking statements
Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. Particularly, statements regarding future acquisitions, the availability of credit, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts. For greater certainty and notwithstanding the foregoing, annualized run rate total revenue and EBITDA are not presented herein as forward-looking statements. These annualized figures are based solely on historical data and are included to allow readers to understand the current size of the Company, and should not in any circumstance be construed as projections or forecasts of the Company's future performance.
Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Titanium Transportation Group Inc.
Kasia Malz, CPA, CA
Chief Financial Officer
(905) 266-3036
investors@ttgi.com
www.ttgi.com
