BELLEVILLE, Ont. — International Truckload Services (ITS) has purchased Brantford, Ont.-based David Cordingley Transport (DCT).
DCT operates van and flatbed divisions consisting of 26 tractors and 60 trailers. Ten of the trailers are curtainside flatdecks, which will compliment the roll-tite division ITS has operated since 2006, according to Rob Haggarty, president and chief operating officer of ITS.
He told Trucknews.com that DCT was identified as a good fit, due to its geographic location and business model that was similar to that of ITS.
Haggarty said ITS will maintain DCT’s Brantford terminal and staff, while upgrading its systems and equipment.
This marks ITS’s second major acquisition. The company in 2011 bought Cornwall, Ont.-based CSI Logistics. That deal was deconstructed in an award-winning Truck News article entitled Anatomy of an Acquisition, which can be read here.
Asked what lessons, if any, were learned through that process and applied to its second purchase, Haggarty said to “Take your time and do a full due diligence. We have a team of experienced staff here now from the CSI acquisition that we are plugging into DCT.”
Looking ahead, Haggarty hinted ITS may not yet be done shopping. “We’re still interested in other opportunities in late 2014 or early 2015,” he said.
By: James Menzies