Canadian specialty finance company Difference Capital Financial (TSX VENTURE:DCF) has made a private investment in Wheels Group Inc (TSX VENTURE:WGI), a North American provider of third party logistics and transportation services. Difference Capital has acquired 1 million outstanding common shares and 1 million outstanding Series 1A preference shares in the Mississauga, Ontario-based company.
Difference Capital Acquires Shares in Wheels Group Inc.
TORONTO, ONTARIO–(Marketwired – Oct. 2, 2013) – Difference Capital Financial Inc. (“DCF”) (TSX VENTURE:DCF), a leading specialty financial services company, announced today that in a private transaction, DCF has acquired 1,000,000 outstanding common shares and 1,000,000 outstanding Series 1A preference shares of Wheels Group Inc. (“Wheels”) (TSX VENTURE:WGI).
“Wheels is the dominant Canadian third party logistics provider,” said Michael Wekerle, Executive Chairman of DCF. “Their proven model, solid track record and impressive team positions them well for continued aggressive growth. We are excited to add this unique business to our growing portfolio of investments.”
“We are pleased to welcome Difference Capital as a shareholder of Wheels,” said Doug Tozer, Chief Executive Officer of Wheels. “We appreciate their support and involvement as we continue to deliver on our strategy of organic growth supported by strategic and profitable acquisitions.”
Founded in 1988, Wheels is a leading North American 3PL, supply chain logistics provider. As a non-asset provider, the Company develops advanced supply chain solutions delivered through its qualified partner network of over 6,000 truck, rail, air and ocean carriers. Wheels serves consumer goods, food and beverage, manufacturing and retail clients through 26 offices throughout the
US and Canada. Wheels has been named one of Canada’s 50 Best Managed Companies since 1997, Platinum since 2003. Wheels has been named one of North America’s Top 100 Third-Party Logistics (“3PL”) Companies, one of the Top 100 Food 3PL’s and one of the Top Five IMC’s (intermodal marketing companies).
About Difference Capital Financial Inc.
Difference Capital Financial Inc. is a publicly-listed, Toronto-based specialty finance company focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as through opportunistic investments in undervalued financial assets and real property.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of
these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release and the anticipated growth of the mobile payments sector may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Carta and many other factors beyond the control
of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Difference Capital Financial Inc.
Chief Executive Officer
416 649 5088
Wheels Group Inc.
Patrick J Marshall
VP Corporate Development & Investor Relations
905 602 2700
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