U.S. private equity firm buys stake in Dicom Transportation, names new CEO
MONTREAL - Montreal-based trucking company Dicom Transportation Group has a new majority investor â€” U.S. private equity firm Wind Point Partners.
Wind Point says Dicom's co-founder, Peter Overing, will retire as chief executive officer but the rest of Dicom's management will stay in place.
Dicom's new CEO, Scott Dobak, has worked 28 years in the trucking and delivery industry including at RoadRunner Transportation.
Dicom's board will have several directors with experience at larger transportation companies including a former CEO of Purolator.
Wind Point says it expects to grow Dicom through a "robust acquisition program."
It says financing was arranged by Fifth Third Bank and the Desjardins financial group with participation from Laurentian Bank and others.
Read more Business News
- Castanet's weekly weatherCentral Okanagan - 5:00 am
- Judge: Banishment OKKamloops
- Weed oil fire burns twoKelowna
- Dinner raises more than $15kKelowna
|QHR Technologies Inc||1.11||0.00|
|Anavex Life Sciences||0.1995||+0.0095|
|Copper Mountain Mining||1.95||+0.01|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||+0.01|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...