Manac buys B.C. custom trailer maker from McCoy for $14.75M
Penticton, B.C.-based Peerless builds trailers used in oil and gas, mining, forestry, logging and construction industries
SAINT-GEORGES, Que.—Canada’s largest commercial trailer maker has purchased a British Columbia-based specialty trailer manufacturer in a deal worth $14.75 million, the company announced.
Manac Inc. said it has acquired all outstanding shares of Peerless Ltd., a designer and manufacturer of specialized trailers used in the oil and gas, mining, forestry, logging and construction industries.
Headquartered in Penticton, B.C., Peerless has been part of McCoy Corp. since 2004.
“This completes a good first step in Manac’s targeted progress and growth,” Manac president and chief executive Charles Dutil said in a release. “The reputation of the Peerless brand, its product line, the quality of the work force and its geographic location fit very well with our vision and our values.”
Manac sells trailers under the Manac, CPS, Darkwing, UltraPlate and Liddell Canada brands, and has manufacturing facilities in Saint-Georges, Que., and Kennett and Oran, Mo.