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History

Titan Supply LP has been in business in Western Canada for over 40 years. Titan has evolved from four predecessor companies, Manco, Alberta Chain, Strongco, and Wire Rope Industries’ distribution business.

Manco was formed in 1968 as a distributor of blades and teeth for heavy equipment. These are known in the industry as ground engaging tools (“GET”). Alberta Chain, formed in 1976, was a distributor and fabricator of chain, wire rope and nylon lifting slings (“Rigging”). These businesses were acquired by Strongco Inc. in 1990 and 1998 respectively.

In September 2002, the management team of Strongco Supplies, together with its partner HSBC Capital, acquired Strongco’s supply business and renamed it Titan Supply Inc. Following the purchase, Titan continued to focus its Alberta business around the historic and complementary product offerings of Rigging and GET products.

In November 2004, Titan acquired Wire Rope Industries (WRI) distribution business and received exclusive distribution rights to market WRI’s product in Alberta and Northeastern B.C. The WRI acquisition established Titan as the largest distributor of rigging products in Canada. Wire Rope Industries is the largest manufacturer of high-performance wire rope products in North America.

In October of 2006, Newport Partners Income Fund acquired Titan Supply Inc. The company was re-structured as a limited partnership with management retaining ownership in the company. Newport Partners Income Trust Fund makes long-term equity investments in successful Canadian private businesses with proven entrepreneurs who love their business and are motivated to keep growing. Titan Supply LP is part of Newport Partners Income Fund's group of high quality Canadian private businesses, www.newportpartnersincomefund.ca