Novacap-backed GTI expands into U.S. with Jetco acquisition
GTI Transport Solutions Inc has acquired Jetco, a Houston-based transporter providing flatbed, heavy-haul, intermodal, logistics and specialized loads in the United States. No financial terms were disclosed for the deal, which follows GTI's acquisition in February of Precision Specialized Division Inc. GTI, a Dorval, Québec-based provider of open-deck, specialized and over-dimensional freight services, said the Jetco transaction allows it to expand into the United States and create an operational platform there. The company now has seven locations in the United States and three in Canada. GTI was acquired in 2014 by the industries group of Canadian mid-market private equity firm Novacap.
13 May 2019•3 mins read
