Spara Capital Partners Inc., an Oakville, Ontario-based investment and merchant banking firm, is pleased to announce the closing of its latest transaction, the acquisition of carrier FLEX-MOR Industries Ltd. (“FLEX-MOR”) by Woodbridge-based trucking company Titanium Trucking Services Inc. (“TITANIUM”)

Acting on behalf of TITANIUM, an asset-based trucking company with a successful freight brokering division, Spara was engaged to find a suitable acquisition that would complement TITANIUM’s growth strategy. The FLEX-MOR transaction has now expanded TITANIUM’s fleet to 90+ trucks and 400+ trailers with significantly larger service capability.

TITANIUM had grown steadily for a number of years, but was looking to expand operations through acquisition. With input from TITANIUM’s management, Spara determined acquisition targets that included similar asset-based trucking companies or other 3rd Party Logistics (3PL) firms.

“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,” stated 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.”

Spara identified a number of potential acquisition candidates and had preliminary dealings with them, however ultimately FLEX-MOR was determined to be the ideal target for acquisition. “We spent a lot of time and looked at a number of different targets for TITANIUM. We were glad we were able to identify and bring FLEX-MOR to the table and make this transaction happen,” stated David Firman.

“Acquiring another trucking company was a major part of our strategy for continued growth and success,” remarked 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. We’re very excited about the FLEX-MOR acquisition and the future prospects of the company.”

Spara was instrumental in not only identifying the Southern Ontario based FLEX-MOR for acquisition, but also advising TITANIUM Logistics throughout the transaction. Spara negotiated the Letter of Intent with FLEX-MOR and helped facilitate and support the due diligence process.

About FLEX-MOR

Established in 1978, FLEX-MOR is a family owned and operated trucking company based in Bolton, Ontario. The company also maintains terminals in Brockville, Ontario and Dorval, Quebec. FLEX-MOR operates a fleet of trucks equipped with the latest trucking communication technology, providing full load, dedicated delivery service and LTL coverage throughout North America. Already a noteworthy pillar of the trucking industry, the FLEX-MOR acquisition will propel TITANIUM, who transport goods for many North American brand names, towards achieving their long-term growth strategy while maintaining their track record of success.

About TITANIUM

TITANIUM employs a staff of over 50 people and provides supply chain network solutions including logistics, warehousing, cross docking, and distribution services. Based in Woodbridge, Ontario, the company owns local cartage fleets and cross border highway units and offers trucking, transportation, and international logistics services. For the second year in a row, TITANIUM Logistics has been ranked in the annual PROFIT 100 ranking of Canada’s Fastest-Growing Companies by PROFIT magazine. TITANIUM is also part of the ZZEN group of companies.

About Spara Capital

Spara Capital Partners Inc. is a boutique investment and merchant banking firm that provides customized corporate finance and mergers and acquisitions services to private and micro-cap public businesses with revenues in the range of $10 to $250 million. Via Spara Merchant Capital Corp, the firm invests in small, privately owned businesses with revenues and enterprise values of less than $10 million. Spara’s Transportation and Logistics Advisory division focuses on providing mergers, acquisitions, divestitures and financing services for the trucking industry. Lead by a seasoned industry professional who possesses a blend of owner/operator and M&A experience specifically in this sector, Spara Capital’s operational and transactional experience, provides team members with an appreciation for the operational, financial and marketing strategies that are integral to a successful transaction within the Transportation and Logistics space.

For additional information on Spara Capital Partners and its affiliated companies, please visit www.sparacapital.com.