Houston-based carrier Jetco has been acquired by Canadian company GTI Transport Solutions, helping to expand its presence in the U.S.
Jetco offers flatbed, heavy-haul, intermodal, logistics, and specialized loads in the Texas region and across the U.S. The acquisition is aimed at helping GTI to establish a strong operational platform in the U.S., expanding its customer base throughout North America.
The transaction with Jetco follows the acquisition of Precision Specialized Division, a specialized carrier based in Ontario, in February. Through these acquisitions and the brokerage network GTI is currently deploying in the United States via GTI USA, GTI is establishing an integrated group focused on specialized transport across North America.
“The strategic strong local presence that Jetco has in Texas will increase GTI's position in the region and establish a performing North-South corridor with its Canadian operations,” said Richard Lafrenière, CEO of GTI.
With seven locations in the United States and three in Canada, GTI provides specialized asset-based and non-asset transport solutions. Jetco will complement GTI's US division with its strong asset base and will serve as a platform for future acquisitions in the U.S., according to the announcement.
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