TORONTO,
Oct. 2, 2013 /CNW/ - Wheels Group
Inc. ("Wheels" or the "Company") (TSXV: WGI) Difference Capital
Financial Inc. ("DCF" or "Difference Capital") (TSXV:
DCF). Difference Capital, a Toronto-based specialty finance company,
announced today that it has, in a private transaction, acquired
1,000,000 outstanding common shares of the Company and 1,000,000
outstanding Series 1A preference shares of the Company.
"Wheels is the dominant Canadian third party logistics
provider," said Michael Wekerle,
Executive Chairman of DCF. Mr. Wekerle added, "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. Mr. Tozer added, "we appreciate their
support and involvement as we continue to deliver on our strategy
of double digit organic growth supported by strategic and
profitable acquisitions."
About Wheels
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
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.
SOURCE Wheels Group Inc.