Friday, September 19th17.4°C
19716
22768

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 — 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.

The Canadian Press


Read more Business News

22970


Recent Trending




Today's Market
S&P TSX15465.54+6.66
S&P CDNX965.79-6.72
DJIA17265.99109.14
Nasdaq4593.426+31.237
S&P 5002011.36+9.79
CDN Dollar0.9129-0.0014
Gold1223.30-3.60
Oil92.93-0.14
Lumber349.00+1.00
Natural Gas3.958-0.017

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.07
Cantex0.060.00
Anavex Life Sciences0.2261-0.01
Metalex Ventures0.060.00
Russel Metals37.01+0.64
Copper Mountain Mining2.68-0.05
Colorado Resources0.175+0.005
ReliaBrand Inc0.024-0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.30+0.01

 



22655

FEATURED Property
1919532680 Old Meadows Road, Kelowna
2 bedrooms 2 baths
$287,900
more details
image2
Click here to feature your property
Please wait... loading


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...

_








Member of BC Press Council


23123