Golden Triangle Ventures, Inc. (OTC PINK: GTVH) completes strategic acquisition Cargo Management Group, a renowned shipping, logistics, and trucking firm, from TK Zarro, LLC. This is a major milestone in GTV’s expansion strategy and enhances its operational capabilities, particularly within its Entertainment Division, Lavish Entertainment. The acquisition also equips the Company with comprehensive in-house logistics capabilities to support its diverse operations.
Cargo Management Group, which reported nearly $3 million in revenue for 2023, brings an impressive portfolio of contracts with industry leaders such as JB Hunt, CH Robinson, Coyote Logistics, and Echo Logistics. With this acquisition, GTV will gain full ownership of the logistics operation, brokerage business, licenses, and all associated assets. This strategic move positions the Company for substantial growth and synergy with Lavish Entertainment’s four-pillar business strategy. Management has set an immediate goal to expand operations into highly profitable refrigerated cargo and specialized lanes, particularly those originating near the Company’s headquarters in Las Vegas.
Steffan Dalsgaard, CEO of Golden Triangle Ventures, remarked, “The acquisition of Cargo Management Group is a transformative step for GTV. This deal provides a scalable business model that will support both Lavish Entertainment and the development of our future flagship project, Destino Ranch. This business, its income, and our recently completed renegotiations on our outstanding note will significantly strengthen our balance sheet. Moreover, this acquisition aligns with GTV’s goal of becoming a highly profitable company with minimal to zero debt and a diversified asset portfolio.”
Tom Zarro, owner of Cargo Management Group and GTV’s largest note holder, shared his enthusiasm, saying, “I am excited to see Cargo Management Group become an official part of Golden Triangle Ventures. This acquisition perfectly aligns with GTV’s strategic vision and offers a recession-proof, scalable, and profitable business model. With GTV’s expertise and resources, I am confident in their ability to expand this enterprise far beyond my current capabilities. As a major investor in GTVH, I remain fully committed to supporting all their endeavors that enhance shareholder value.”
Lavish Entertainment is dedicated to building a comprehensive four-pillar strategy encompassing logistics, staffing, equipment, and production. The integration of Cargo Management Group represents the successful delivery of the first pillar, with further strategic expansions planned to support the Company’s growth trajectory.
Marco Antonio Moreno, newly appointed president and COO of Lavish Entertainment, added, “I have been hands-on throughout the entire transition process, ensuring a seamless integration of Cargo Management Group into GTV. The potential for this business to significantly bolster GTV’s financial performance is immense. This acquisition not only complements our overall plans for Lavish Entertainment and Destino Ranch but also provides an immediate and tangible resource for GTV and our shareholders.”
The acquisition of Cargo Management Group marks a significant step forward for GTV in its mission to diversify and expand its business operations. By bringing this well-established logistics firm under its umbrella, GTV enhances its service offerings and strengthens its position in the market. The addition of Cargo Management Group’s resources and expertise is expected to drive substantial growth and create new opportunities for GTV’s existing and future projects.
Golden Triangle Ventures, Inc. is poised for an exciting new chapter with the acquisition of Cargo Management Group. This move underscores the Company’s commitment to growth, diversification, and delivering value to its shareholders. As GTV integrates Cargo Management Group’s operations, it looks forward to leveraging the synergies between its entertainment and logistics divisions, paving the way for continued success and profitability.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by IBN editors.
