Parties
Company
Gincor Werx
Company
Wiltsie Truck Bodies Ltd.
Gincor Werx announced the acquisition of Wiltsie Truck Bodies Ltd. on February 29, 2024, marking a significant expansion of its operations. Wiltsie, renowned for its expertise and dedication in custom truck body designs, offers a diverse range of products including dump trucks, truck bodies, pony trailers, and flat decks. Based in Aylmer, Ontario, Wiltsie also provides extensive services such as truck body repairs, sandblasting, painting, custom fabrication, wheelbase modifications, and lift-axle calibrations. This acquisition continues the legacy of Canadian ownership and dedication to quality that Russ Wiltsie and his family have upheld for over six decades.
Luc Stang, the President and CEO of Gincor Werx, expressed enthusiasm for the integration, highlighting the shared passion for the industry and the potential for mutual growth. Stang emphasized the acquisition's focus on people, believing it to be a perfect match for all parties involved, promising a beneficial partnership for employees, customers, and stakeholders.
WD Capital acted as the M&A advisor, and Wildeboer Dellelce, LLP served as legal counsel to Gincor Werx during the transaction. The exact value of the transaction was not disclosed in the summary provided.
Deal Type
Merger & AcquisitionIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
29 February 2024