Titanium purchases Pro North

[Jim L]

An awful lot goes in the documentation to purchase a company. It could be very simple or very complex. It could include/exclude assets, shares, customer lists, vendors contracts, debt, property, etc and the list goes on.
One will never know what the seller received unless they look at the complete purchase agreement and even then it is subject to interpretation. The seller may put a larger value on an item than the buyer.

To be honest, the trucks, trailer and property assets are the easiest part to calculate the value of a company.

 

[theman]

I can tell you for sure that Titanium is what is called a 'stalking horse' buyer. This means they go after companies that where they see a potential upside in bringing new processes in and leveraging buying power. Also, the lower 705 area (Barrie, Orillia, Midland etc) have a lot of what is really needed in our industry ... quality labour! I'm not saying that they weren't looking for the customer base to some degree, but much more so it's the drivers.

From a 3PL point of view, they could be moving some of the old freight through the 3PL division that was running on assets. They can't get good experienced sales reps there because it's a commission only environment ... look through Linkedin and you will see who is/was selling there and what the turnover is like.