Golden Triangle Ventures (GTVH), a company listed on the OTC markets, announced on Friday that they have signed a preliminary agreement with TK Zarro, who holds a major stake in Golden Triangle Ventures. This agreement is for the acquisition of Cargo Management Group, which is a business involved in shipping, logistics, and trucking.
Here’s a detailed breakdown of the announcement:
- Agreement Signed: Golden Triangle Ventures has signed a letter of intent with TK Zarro to acquire Cargo Management Group.
- Acquisition Process: Golden Triangle Ventures is working on finalizing the deal to take full ownership of Cargo Management Group.
- Included Assets: The acquisition will include the logistics operations, brokerage business, necessary licenses, and all related assets of Cargo Management Group.
- Revenue Achievement: Cargo Management Group earned nearly $3 million in revenue in 2023.
- Existing Contracts: The company has ongoing contracts with major firms like JB Hunt, CH Robinson, Coyote Logistics, and Echo Logistics.
This acquisition aims to expand GTVH’s operations and add significant value through the established revenue and existing contracts of Cargo Management Group.
About Golden Triangle Ventures
Golden Triangle Ventures, Inc. (GTV) is a diverse consulting company that serves as the parent entity for ventures in the health, entertainment, and technology sectors, among others that offer synergistic value to these main divisions. Golden Triangle aims to purchase, acquire, or partner with established businesses in these areas. The company is driven by passionate and committed innovators in these markets and plans to leverage relationships to create a platform for both new and existing businesses to enhance their products and services. The three sectors—health, entertainment, and technology—are represented by the three points of the Golden Triangle.
It is focused on building a diverse portfolio of companies under its umbrella, all managed and owned by Golden Triangle. A dedicated team of professionals supports each division, contributing to the company’s daily growth. As a publicly traded entity, It can provide the necessary support to help each subsidiary achieve its potential.
Golden Triangle Venture’s business model emphasizes vertical integration to reduce costs and increase margins. Management seeks to acquire entities and assets with clear potential for long-term exponential growth. The mission is to equip each subsidiary with the resources needed to generate profit and leverage each other’s strengths for maximum economic impact. Additionally, Golden Triangle Ventures offers corporate representation services to companies in these sectors, providing consulting on various business development objectives.
The core of Golden Triangle Venture’s operations is a team of professional advisors dedicated to assisting companies with a wide range of corporate goals. With an extensive network of relationships, Golden Triangle Ventures can navigate diverse project challenges while maintaining high-quality service for its clients. This network includes industry experts who can assist with project management, product sourcing, and industrial agriculture project implementation, among other areas. The company develops custom strategies and detailed plans tailored to each client’s specific needs and objectives.
The Golden Triangle Ventures business model is centered around three main interests:
- Acquisitions / Assets / Holdings: It owns a unique portfolio of companies, each supported and developed by Golden Triangle Ventures with the goal of making a positive industry impact.
- Services: It provides services to support unique opportunities within its operations and offers these services to select partners that can create synergistic value through collaboration.
- Investments: It identifies high-value opportunities and makes capital investments in various companies and projects, complemented by a hands-on approach to developing strategic plans and overall direction for each opportunity.
About Cargo Management Group
Cargo Management Group is a logistics company that specializes in managing supply chain solutions. Here are some key details about them:
- Service Offerings:
- Asset-Based Full-Truckload Carrier: They provide services for full-truckload transportation across the lower 48 states.
- Warehouse Operations: They operate warehouses in Southern California, Nevada, and Phoenix, with a local fleet for pick-up and distribution needs.
- Intermodal and Brokerage Services: They offer full-service intermodal, full-truckload, and less-than-truckload brokerage services nationwide.
- Expedited Services: These include white glove, residential, and trade show logistics.
- Retail Final Mile Delivery: They provide last-mile delivery services for retail shipments.
- Mission and Approach:
- Their mission is to understand clients’ logistical needs and fulfill their expectations.
- They strive to develop and implement efficient, secure, and cost-effective trading, warehousing, and logistic solutions in the market.
- Customer satisfaction is guaranteed through personalized services.
- Company Size and Focus:
- Cargo Management Group Inc is a 3PL (third-party logistics) provider.
- They offer a full range of logistics services to help manage and streamline supply chains.
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