Novacap-backed GTI acquires Precision Truck Lines' PSD
GTI Transport Solution Inc has acquired Precision Specialized Division Inc (PSD), a Woodbridge, Ontario-based open-deck and heavy haul transportation affiliate of Precision Truck Lines Inc. No financial terms were released. GTI, a Dorval, Québec-based provider of transport solutions, said the deal will enable its growth in North America's open-deck and heavy haul transportation market. The company added that PSD's operations will move to Brantford, Ontario under the name Precision Specialized Inc (PSI). Ed Bernard, formerly VP of PSD, will serve as PSI's president. GTI was acquired in 2014 by the industries group of Canadian mid-market private equity firm Novacap.
11 February 2019•3 mins read
