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Alberta & Prairies  + Canada + Cross Border News + Ontario + Pacific Canada  + Industrial  | 
U.S.-based chassis supplier DexKo has acquired long-time Alberta company City Spring for an undisclosed price.

American Firm DexKo Acquires City Spring

U.S.-based chassis supplier DexKo has acquired long-time Alberta company City Spring for an undisclosed price.

Edmonton-based City Spring manufactures and distributes axles and springs. The deal covers four City Spring locations across Western Canada, in Edmonton, Calgary, Regina and Langley, B.C. The company was funded in 1956 by Pep and Jim Bassani.

The Alberta outlets operate under the City Spring & Axle name and distribute truck and trailer parts, manufacture axles and springs and also offer truck and trailer services. The Regina, Saskatchewan location offers both service and parts distribution under the name Spring Service bannner.

The Langley operation manufactures axles and distributes parts.

Novi, Mich.-based DexKo completed the acquisition through its wholly-owned subsidiary Dexter Axle Company, which is based in Elkhart, Ind.

“The diversity of the City Spring business was a key factor in this strategic acquisition,” states Dexter CEO Adam 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.”

Fred Bentley, DexKo’s CEO, said the deal complements the firm’s acquisition of Milton, Ont.-based Cerka Industries in January. Cerka manufactures and distributes trailer axles and components to dealers and original equipment manufacturers across Canada.

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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