DexKo Global Inc., a trailer running gear maker of chassis assemblies and related components, has completed its acquisition of City Spring & Axle Ltd., Pacific Spring & Axle Ltd., and Spring Service Ltd. (collectively City Spring), in Edmonton, Alberta, through its wholly-owned subsidiary Dexter Axle Company (Dexter).
City Spring operates out of 4 locations in Western Canada. Two locations, Edmonton and Calgary in Alberta, operate under the City Spring & Axle Ltd. name as a distributor of truck and trailer parts, axle and spring manufacturing, and also offer service for trucks and trailers. The Regina, Saskatchewan, location offers both service and parts distribution under the name Spring Service Ltd. Pacific Spring & Axle manufactures axles and distributes parts out of Langley, British Columbia.
“The diversity of the City Spring business was a key factor in this strategic acquisition,” said Adam Dexter, CEO of Dexter. “Dexter identified a need to grow its business in Canada to support the trailer and truck industries. The addition of the City Spring team, locations and customers will help build out the network in Canada. We truly feel this is an excellent fit for both the employees and customers at City Spring and Dexter.”
Dexter is owned by DexKo Global Inc., formed in 2015. Dexter is headquartered in Elkhart, Indiana, employing over 3,800 people in the U.S. and Canada, and operates over 20 manufacturing facilities and over 50 company-owned specialty distribution locations.
“My father, Jim Bassani, started City Spring & Axle Ltd. in 1956 with a vision to offer high-quality spring and suspension parts and service,” said Shirley Kosick, a City Spring shareholder. “Recognizing the value of new business opportunities, City Spring expanded to Regina, Saskatchewan; Langley, British Columbia; and Calgary, Alberta. As the business grew and in order to fulfill customers’ needs, City Spring became a leading manufacturer and distributor of axles in Western Canada. Jim made a strong mark on the industry as a fair-minded and compassionate employer with high standards for workmanship and customer service. We feel Dexter is an excellent partner to take over my father’s business legacy.”
“City Spring complements our earlier acquisition of Cerka Industries as well as the additional specialty distribution and manufacturing locations already under the DexKo umbrella in Canada,” said Fred Bentley, CEO of DexKo Global. “Our strategic focus of expanding our reach into Canada will further support our ability to service customers across North America.”
