Cryogenic Transportation Inc (CTI), a transporter of industrial gases, has completed a new $11.5 million financing transaction with M and T Bank.
According to David M Boucher, CTI's chairman and chief executive officer, ”M and T Bank has provided CTI with new financing for our trailer fleet and to support our working capital position.”
Easton PA-based CTI operates a fleet of 150 trailers and 135 tractors from a network of eight terminals across the United States. The company just celebrated its 25th anniversary.