SARNIA, Ont. -- Fort Garry Industries has announced it has reached a binding agreement to acquire an equity share in Pinwood Truck Parts.
The deal is expected to conclude Nov. 30. Pinwood operates locations in Chatham, Sarnia and Comber, Ont., providing full line parts distribution to the heavy-duty market in southwestern Ontario.
The company was established in 1986 by Kevin Broadwood and Norm Pinard.
Fort Garry Industries is based in Winnipeg, Man. and has 22 locations providing parts, service, equipment and trailer sales to the commercial vehicle market.
“Pinwood Truck Parts will continue to operate independently, but will share product and system synergies as part of the FGI group of companies,” Fort Garry Industries announced. “The combined resources will offer 25 locations across western Canada and Ontario. Fort Garry and its partner companies are committed to strategic growth in order to comprehensively serve our national and regional customers in the commercial vehicle market.”