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The GTI Group buys Precision Specialized Division

GTI Transport Solution has announced it is acquiring Precision Specialized Division, a division of Precision Truck Lines.

All employee positions at the division, including management roles, will be maintained. GTI plans to invest in the company’s growing operations by expanding into new markets. This will begin with all operations moving to Brantford, Ontario and a unified name change to Precision Specialized Inc (“PSI”).

See the full press release.

The team at Precision Specialized has demonstrated market leading know-how in quality of service and engineering of complex project driven loads. We firmly believe that blending their expertise with the broad footprint of GTI will enable us to drive growth and become the preferred open-deck/heavy haul transportation company in North America.

Richard Lafrenière
CEO of GTI

This acquisition is a continuation of GTI’s strategic plan to expand its current capabilities and geographic reach. Combined with the launch of GTI USA in 2018 and other acquisitions in the pipeline, we are very enthusiastic about the group’s future.

Frédérick Perrault
Senior Partner of Novacap

Precision Specialized is proud to be joining forces with GTI to propel our company to the next phase of its growth. A team of seasoned managers will bring valuable expertise and an injection of fresh capital will enable us to better serve our customers across North America. Moving operations 60 miles to Brantford gives us much needed space for our growing equipment assets.

Ed Bernard
President of Precision Specialized Inc.

This transaction is a win-win for us. It will allow a great division we have built up over the last decade to continue its growth plan and allow Precision Truck Lines to focus on its core activities of TL and LTL Transborder transportation.

Ravi Annand
Vice-President & CFO of Precision Truck Lines
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