Latest news from Heavy Lift & Project Forwarding International Magazine

GTI acquires Precision Specialized Division

Canada’s GTI Transport Solution has acquired Precision Specialized Division (PSD), the heavy haulage arm of Precision Truck Lines. 

GTI plans to relocate all operations to a new site in Brantford, Ontario, where the business will operate with the same personnel under the brand name Precision Specialized Inc (PSI). 

Richard Lafrenière, ceo of GTI, expects the acquisition to support the company’s plans to become the preferred open-deck/heavy haul transportation provider in North America. As part of this expansion, the company launched GTI USA in 2018. 

Frédérick Perrault, senior partner of private equity firm Novacap – a stakeholder in GTI – confirmed that there are other acquisitions in the pipeline that will further expand the company’s capabilities and geographic reach.

Ed Bernard, former vice president of Precision Specialized Division, will stay with the company as president of Precision Specialized Inc.

thegtigroup.com

www.precisionspecializeddivision.com

Heavy Lift | News

Bishop takes AWRS thumbnail image

Bishop takes AWRS

July 18 - Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
Views: 292
Centauro crosses the Andes thumbnail image

Centauro crosses the Andes

July 18 - Centauro Argentina has coordinated the delivery of turbines for a hydroelectric energy project in Mendoza.
Views: 304

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.