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On March 31, 2026, Titanium Transportation Group Inc. (“Titanium”) announced the completion of a transaction pursuant to which TTNM Management Acquisition Limited acquired all of the issued and outstanding common shares of Titanium, other than certain shares held by members of management, directors and key employees of Titanium, and persons known directly by management and/or directors of Titanium, by way of a statutory plan of arrangement under the Canada Business Corporations Act. Under the terms of the transaction, holders of Shares received $2.22 in cash for each share held, which implies an aggregate equity value for Titanium (including the rollover shares) of approximately $105 million.
Titanium is a North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States, with approximately 775 power units, 2,800 trailers and 1,300 employees and independent owner operators.
Miller Thomson LLP as legal advisor to Titanium, Goodmans LLP as independent legal counsel to the special committee, and Loopstra Nixon LLP as legal advisor TTNM Management.
Parties
Company
Titanium Transportation Group Inc.
Company
TTNM Management Acquisition Limited
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
$ 105,000,000Deal Status
ClosedClosing Date
31 March 2026