Dive Brief:
- Kriska Transportation Group has acquired Sharp Transportation Systems, the company announced in a LinkedIn post.
- The acquisition expands Canada-based KTG’s temperature controlled freight services and bolsters its cross-border service offerings through Sharp’s terminals in Canada and the U.S., according to Left Lane Associates, a mergers and acquisitions firm which represented KTG in the transaction.
- KTG noted in its post that Sharp will continue providing the same services, adding that with its support, “customers will see expanded capabilities, more flexibility and ongoing investment in service.”
Dive Insight:
Growth through acquisitions has been KTG’s strategy since it was formed through a partnership between Kriska Holdings Limited and Mullen Group in 2014. Between 2014 and 2023, KTG purchased entities including Transpro Freight Systems, JMF Transportation, and Liberty Linehaul and Libertyline Linehaul West.
Prior to its acquisition of Sharp Transportation Systems, which is headquartered in Cambridge, Ontario, Canada, KTG had 310 owner-operator and company powered units and a fleet of 960 trailers, which includes dry van, reefer and intermodal chassis, according to its website.
KTG’s acquisition adds Sharp’s expertise in moving furniture and providing pharmaceutical transportation solutions through Canada and the U.S., per the LinkedIn post.
Additionally, Sharp’s terminal network and resources will improve KTG’s cross-border coverage as it looks to grow in the U.S. Midwest and Northeast, the company said.
