(March 2, 12:30am BRACEBRIDGE) Muskoka Transport, one of Muskoka’s most visible companies across North America, has been sold. Marilyn Daniel, Vice-President of Trucking for Titanium Transportation Group Inc. confirmed yesterday that a deal has been reached officially for her company to acquire the Bracebridge-based transportation company.
There have been rumours about a pending sale since the fall. When contacted by Muskoka News Watch earlier this year, officials from both companies would only say a final agreement was “not quite penned” although it was expected to be final on March 1. Now it is.
Muskoka Transport has been in the trucking business out of Muskoka for 44 years and has been a great regional ambassador with its billboard ads on wheels displaying iconic Muskoka images. Owner Darcy Hammond says the plan is to continue operating out of Bracebridge.
Titanium is a multi-terminal company with its head office in Woodbridge. “The acquisition of Muskoka transport will expand our market presence in the area,” says Daniel, “and allow Muskoka to be revitalized with some of the know how of the new world of trucking.”
“With Muskoka being our seventh acquisition,” continues Daniel, “our company will have well over 330 drivers on our fleet, and will have access to over 1400 pieces of equipment.”
Daniel adds the support Titanium has received from the ZZEN group of companies, owned by one of Canada’s wealthiest entrepreneurs, Vic De Zen, “has been incredibly instrumental in our successes, including this latest acquisition.”
Titanium has a track record of buying asset-based transportation companies, completing seven trucking acquisitions since 2011 (including Muskoka Transport). In November, the company bought Georgian Bay Transport of Penetanguishene. The transportation and logistics company services over 600 customers across North America, and has been ranked by PROFIT Magazine as one of Canada’s Fastest Growing Companies for six consecutive years.
Muskoka Transport has an equally impressive story. It was founded by Paul Hammond in 1971 and is owned by son Darcy. The Hammond family tradition of transportation dates back to the 1940s when Orville Hammond started a taxi business at age 15 that grew into Hammond Transportation owned today by Greg Hammond. Read more about the Hammond history of keeping Muskoka moving by clicking here.
- November 2014, Marketwire: Titanium acquires Georgian Bay Transport
- August 2012, The Globe and Mail Report on Business: The comeback of Vic De Zen
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