COMPETITION WATCH: Cathcart Trucking sold to Eclipse Distribution Solutions
May 16, 2011
PETERBOROUGH, Ont. -- Cathcart Trucking has been acquired by Eclipse Distribution Solutions but will continue to operate under its existing name out of its existing location, the companies announced to local media.
PETERBOROUGH, Ont. — Cathcart Trucking has been acquired by Eclipse Distribution Solutions but will continue to operate under its existing name out of its existing location, the companies announced to local media.
Co-owner Bryan Catchart told the Peterborough Examiner that it was time to take on new challenges after 28 years in the business.
“It’s like a fourth child. You watch it grow, but I always knew in the back of my mind that I would know when it was the right time,” Cathcart told the Examiner. “The timing was right. It was a good opportunity for me to stay in the trucking business with my partner.”
Cathcart will continue to own the facility where the company is operated out of as well as sister company Apsley Peterborough Transport.
The Examiner reported Eclipse will continue to operate the company under the Cathcart banner and will retain its employees.
“It’s a pretty seamless sale. There will be no disruption. It will be business as usual except Eclipse will own Cathcart,” Cathcart told the paper. “They are a good company, financially sound. They have the same philosophy as far as service, which is what our business is built on.”
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