Titanium Transportation Group is going private with an offer of CAD$2.22 per share, a 41% premium over the closing price on the Toronto Stock Exchange. The all-cash deal is being made by TTNM Management Acquisition Co. Ltd. and Trunkeast Investments Canada, excluding Rolling Shareholders who own 50.5% of the company.

The Rolling Shareholders, which include company executives and affiliates of Canadian industrialist Vic De Zen, will retain their shares. The deal is for the remaining shareholders, with the possibility of inviting an additional 5% to join. Titanium Transportation operates with more than 850 power units, 3,000 trailers, and 10 terminals in the U.S. and Canada.

Despite improvements in stock price and financial metrics, the move to go private was driven by limited trading volume, financial challenges, and industry dynamics. The company reported revenue of CAD$356.2 million through nine months, with a net income per share of CA one cent in Q3 and a loss of 4 cents in the nine months of 2025. EBITDA margin was 16.1% in Q3.

Read more at Yahoo Finance: Canada’s Titanium going private with a 40%+ bump in stock price