ABD acquires half ownership of RV, auto company
- EFN Staff | February 05, 2015
Prince-Albert based investment firm,
Athabasca Basin Development (ABD), announced ownership today into Tru-North RV,
Auto & Marine (Tru-North). ABD has ownership of 50% of the business,
with management retaining the remaining 50%. There will be no changes to
current operations as a result of this transaction, and existing management and
employees will continue to operate the business as usual.
“We are pleased to be making this investment in Tru-North,” says Geoff Gay, CEO
of Athabasca Basin Development. “This investment is a good fit with our
overall portfolio of investments into successful, well-run companies that have
a lot of growth potential. Tru-North is a significant supplier in the
Prince Albert market, known for providing exceptional customer service and
quality products for its customers. With its latest expansion into manufactured
homes, there is a lot of potential for this company to continue the level of
growth it has experienced, and we are excited to have ownership in this
excellent company.”
Tru-North has built a reputation for being the best place in Prince Albert to
shop for boats, travel trailers, fifth wheels, and extended stay trailers.
The company was recently recognized by Yamaha Motor Canada as a 5 Star
Dealer for their excellence in providing customer service – before, during and
after the sale. With the business’ recent expansion and the creation of
Tru North Homes, it now also specializes in high quality manufactured home
sales.
“Athabasca Basin Development has a history of supporting strong companies, and
we are very excited about this deal,” says Rick Bueckert, General Manager for
Tru-North. “Through this partnership, we have created a strategic
opportunity to strengthen and build on our offerings to deliver even greater
value to our customers and continue growing our company. This partnership
is an excellent fit and we look forward to a long and mutually beneficial
relationship.”
Athabasca Basin Development, who was recently named as SaskBusiness Magazine’s
2014 Business of the Year, is an aboriginal investment company owned by the
seven far north communities in Saskatchewan. Athabasca Basin Development looks
for investments that are sustainable, well-managed and generate value for its
shareholders. “We are actively seeking investment opportunities for the
upcoming year, and this investment is the first of others to come,” says Geoff
Gay, “I would encourage business owners who are looking for an investment
company to consider us as a potential fit and to contact us to discuss
opportunities.”
Related story: Athabasca Basin Development named Business of the Year