THE XTL GROUP EXPANDS REEFER OFFERING THROUGH ITS FIRST EVER ACQUISITION OF REFRIGERATED TRANSPORTATION PROVIDER, TRANSPORT SAVOIE

TORONTO, Ont. – The XTL Group, a Canadian, family owned Transportation, Logistics, and Distribution provider, announced today the acquisition of refrigerated crossborder transportation company, Transport Savoie out of Manseau, QC.

This is the first acquisition in XTL history and will add nearly 40 power units to the company’s growing fleet through a combination of owner operators and company drivers with a trailer bank to match.

Transport Savoie, another family run business since 1964, embodies XTL’s core values and compliments the organization’s existing service offerings.

Jean Savoie, son of founder, Mr. Alain Savoie, has been head of the operations since 1989, and will continue leading the Transport Savoie team and operations to ensure consistency and familiarity for all existing customers.

 “We are very excited to welcome the team at Transport Savoie to the XTL family. The synergies between our organizations position us for mutual success and we look forward to our continued growth together.” – Serge Gagnon, President & Chief Executive Officer at XTL.

While XTL has offered dedicated domestic reefer service for over two decades, a key area of growth in recent years has been the expansion of its refrigerated service into the US market. Transport Savoie’s refrigerated experience, particularly throughout the Eastern United States, is a great fit with XTL’s existing network and is in strategic alignment with XTL’s refrigerated growth strategy.

With 7 other locations across Canada, this acquisition extends XTL’s presence in the Centre-du-Quebec region; a central location that supports industries in both the Montreal and Quebec City areas.

Established in 1985, XTL provides customers across North America progressive end-to-end supply chain solutions including all modes of transport, an extensive network of partners, and over 1,000,000 sq. ft. of warehousing. For more information, visit www.xtl.com.

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