KINGSTON, ON – CAT Holding has made another acquisition. The truckload carrier has purchased Kingston, Ontario-based SLH Transport, it announced today.
This is the second acquisition for CAT in 2017, with the company purchasing Group Express Groupex in January. CAT President Daniel Goyette says the group will gain an enormous boost in capacity and coverage for North America with the addition of both companies.
SLH — at one time a private fleet operated specifically for Sears department stores, before becoming a for-hire operation — was previously named to the 13th position of Today’s Trucking’s Top 100 carriers list.
While CAT is announcing that the agreement has been finalized, no financial details are being disclosed. SLH, which was previously owned by Sears Canada, will remain relatively structurally unchanged, says CAT, with current SLH president, Paul Cooper, reporting to Goyette.
Sears Canada filed for bankruptcy protection in June of this year, amid declining sales and store closures. CAT says the consolidation of equipment and resources from the two companies will increase job security for all involved, and SLH employees can “breathe a sigh of relief,” as CAT adds more stability to the organization.
Cooper and Goyette issued a joint release thanking all the employees for their hard work, and wishing them continued success with the company.
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