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KTG Acquires Fellow Canadian Carrier Sharp Transport
Deal Adds Temperature-Controlled Carrier Focused on Medical Supplies and Furniture
Key Takeaways:
- Kriska Transportation Group has acquired the temperature-controlled trucking company Sharp Transportation Systems.
- Sharp specializes in the movement of medical supplies and furniture.
- KTG views the acquisition as demonstrating its commitment to building strong partnerships and expanding its specialized freight capabilities.
Canada-based carrier Kriska Transportation Group has acquired temperature-controlled trucking company Sharp Transportation Systems, the company announced March 31.
Sharp Transportation specializes in the movement of medical supplies and furniture and is headquartered in Cambridge, Ontario. The company provides truckload and partial-load services, as well as cross-border operations, with a focus on the Midwest and Northeast regions. Kriska views the company as a good strategic fit that expands its own operations.
“Their expertise in hauling highly sensitive medical products is a vertical with a long-term upside,” KTG President David Tumber said. “They will benefit from operational synergies with our other operations in the region. Sharp comes with new customers we hope to grow with.”
KTG oversees a portfolio of independently operated companies with expertise in cross-border surface transportation freight.
Sharp will remain focused on growth and customer relationships as it becomes part of those operations.
Devon Turnbull will continue his role as operations manager, while Cassandra Long will continue supporting operations and customer service.
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KTG oversees a portfolio of independently operated companies with expertise in cross-border surface transportation freight. (KTG)
“Being part of KTG will give us the support to continue offering our customers the personal service they expect across Canada and the USA,” Long said. “Their scale resources will improve and expand our services from port to delivery.”
KTG views the acquisition as demonstrating its commitment to building strong partnerships and expanding its specialized freight capabilities. Left Lane Associates served as the exclusive adviser on this acquisition.
