{"id":2349,"date":"2021-10-15T12:12:08","date_gmt":"2021-10-15T16:12:08","guid":{"rendered":"https:\/\/www.xtl.com\/portal\/?p=2349"},"modified":"2022-03-25T17:51:59","modified_gmt":"2022-03-25T21:51:59","slug":"xtl-enhances-north-american-footprint-through-second-acquisition","status":"publish","type":"post","link":"https:\/\/www.xtl.com\/portal\/xtl-enhances-north-american-footprint-through-second-acquisition\/","title":{"rendered":"XTL Enhances North American Footprint Through Second Acquisition"},"content":{"rendered":"<p><span data-contrast=\"auto\">TORONTO, Ont. &#8211; XTL Group (&#8220;XTL&#8221;) is proud to announce today the acquisition of CBT Inc. (&#8220;CBT&#8221;), a logistics company based in Oakwood, GA.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">CBT was founded in 1989 by Connie Banks and is strategically located in the Gainesville\/Hall Country area of Georgia famously known as the &#8220;Poultry Capital of the World&#8221;. Over the past 32 years, CBT has built an extensive transportation network around major food processors, food service <\/span><span data-contrast=\"auto\">providers and the grocery\/retail industry that is abundant in this region. Refrigerated and frozen transportation service is a key part of their customer network. CBT has been recognized for many years as a certified woman-owned, family\u00a0business,\u00a0and\u00a0Connie will continue to be an integral part of\u00a0both\u00a0CBT and XTL\u2019s mutual success.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This acquisition is the second of its kind in XTL\u2019s history, the first taking place in February of this year with the acquisition of Transport Savoie, a refrigerated, x-border carrier now operating as Savoie Express Inc., and is another strong example of XTL\u2019s strategic refrigerated growth strategy and expansion.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cAfter many years servicing the domestic refrigerated market, we expanded into the x-border refrigerated market in 2018. <\/span><span data-contrast=\"auto\">Since then, we recognized the opportunity to advance our organic growth strategy with strategic acquisitions\u00a0t<\/span><span data-contrast=\"auto\">hat further enhance our geographical footprint in North America.\u201d\u00a0states Serge Gagnon, President and CEO at XTL,\u00a0&#8220;We\u00a0knew\u00a0we had the right fit when we met the exceptional team of dedicated professionals at CBT\u00a0who embody\u00a0our core values\u201d.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In addition to being in alignment with the refrigerated segment of XTL\u2019s business, CBT brings additional synergies to XTL\u2019s Logistics offerings, including US domestic dry van, flat bed, heavy haul, over-sized, specialized, and hazmat services. The strategic location of Northeast Georgia also allows for XTL to increase their presence in the United States, open up opportunities between Canada and Mexico, and access US capacity. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;Serge Gagnon and his committed team of leaders at XTL complement the similar characteristics that CBT has built its reputation on. Together with my experienced team of employees we have brought to realization a dream I started 32 years ago and we are proud to have been chosen as XTL\u2019s first US transportation partner. We are excited about the future growth and fresh ideas available to us.\u201d -Connie Banks, founder and CEO of CBT.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"none\">\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This acquisition caps off a tremendous year for XTL in 2021 from a growth and diversity perspective. In addition to the two strategic acquisitions, XTL added\u00a0300,000 sq.\u00a0ft.\u00a0to\u00a0their Distribution business through\u00a0two new\u00a0distribution\u00a0centres\u00a0in BC and ON bringing\u00a0the total\u00a0warehousing space\u00a0to 1.2\u00a0million\u00a0sq.\u00a0ft.,\u00a0while also expanding\u00a0their refrigerated Transport service in Western Canada to include the x-border US.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Ont. &#8211; XTL Group (&#8220;XTL&#8221;) is proud to announce today the acquisition of CBT Inc. (&#8220;CBT&#8221;), a logistics company based in Oakwood, GA.\u00a0 CBT was founded in 1989 by Connie Banks and is strategically located in the Gainesville\/Hall Country area of Georgia famously known as the &#8220;Poultry Capital of the World&#8221;. Over the past 32 years, CBT has built an extensive transportation network around major food processors, food service providers and the grocery\/retail industry that is abundant in this &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.xtl.com\/portal\/xtl-enhances-north-american-footprint-through-second-acquisition\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;XTL Enhances North American Footprint Through Second Acquisition&#8221;<\/span><\/a><\/p>\n","protected":false},"author":14,"featured_media":2359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-versions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XTL Enhances North American Footprint Through Second Acquisition - 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