Novacap-backed GTI Transport Solutions acquires division of Precision Truck Lines

On February 11, 2019, GTI Transport Solutions Inc. ("GTI"), a Novacap-backed company, announced that it was acquiring the business of Precision Specialized Division Inc. ("PSD"), a division of Precision Truck Lines Inc.

Located in Woodbridge, Ontario, PSD is a leader of open-deck and heavy haul transportation in the province.

GTI a leading provider of open-deck, specialized and over-dimensional freight services with fully equipped transportation terminals in Quebec and Ontario and 300,000 sq. ft. of specialized warehousing.

Founded in 1981, Novacap is a leading Canadian private equity firm with $2.3 billion of assets under management.

Gowling WLG advised Novacap with a team led by Rafal Wrzesien that included, among others, Ingrid Anton, Mathieu Santos-Bouffard and Emilie Clairoux (corporate/M&A).