Toronto, Ontario: September 24, 2015
Scott Monteith, President and CEO of Monteco Ltd. (“Monteco”), is pleased to announce that the company has acquired a controlling interest in D.S. Handling Systems Limited (“D.S. Handling”) based in Orangeville, Ontario.
A partnership for growth
Founded in 1983, D.S. Handling is a leading middle market case and pallet conveyor handling systems company operating from an 80,000 square foot facility in Orangeville, Ontario. The company provides design, engineering, manufacturing, and installation services on behalf of its customer base of Fortune 500 companies. D.S. Handling’s products include package and pallet handling conveyors and sortation systems and equipment, truckloaders, extendable conveyors, vertical conveyor systems, belt conveyor systems, roller conveyor systems, and lift tables.
“This partnership will support D.S. Handling in its next phase of growth and allow the company to build upon its excellent reputation as being a leading materials handling supplier to some of North America’s premier courier, food & beverage, merchandising and distribution industries” – Steve Marr, President D.S. Handling Systems Limited.
A great addition to Monteco’s initiative
Monteco Ltd. is a strategic capital firm focused on acquiring, building and growing early stage and emerging growth firms. Our operational infrastructure, which includes a 23,000 sq. ft. research and development facility, provides our portfolio of companies the foundation to convert value into sustainable growth. Monteco provides direct operational services to each investment in areas of strategic development, human resource management, IT infrastructure, operational management, marketing, corporate finance, and finance and accounting. Our strategy is to target firms whose growth can be accelerated through the application of the financial, management and technical expertise at Monteco Ltd.
“D.S. Handling is an exciting opportunity for Monteco to grow a solid platform based on quality product, solid engineering services, a strong management team as well as a loyal customer base. Monteco feels that the material handling sector is poised for consistent growth due to positive market trends.” – Scott Monteith, President and CEO of Monteco Ltd.
D.S. Handling Systems Ltd.
D.S. Handling has been a leading Ontario provider in Case and Pallet Conveyor Handling Systems, with a specialty in system integration. D.S. Handling provides comprehensive and innovative logistics solutions for its loyal customer base that includes Fortune 500 companies. In 2010 and 2014, the company acquired Sadler Inc. and Aerdon Lifts, companies which expanded D.S. Handling’s geographic reach and product offering.
D.S. Handling achieves a significant competitive advantage by focusing on key components of product quality that are managed in-house. Manufacturing, electrical engineering and mechanical engineering services control customer costs and ensure the highest quality turnkey solutions possible are delivered and installed to its customers.
Monteco Ltd. has founded, acquired, built, and sold sustainable middle market companies for over 25 years. We have successfully commercialized over a dozen patented products while building successful business strategies and management teams by providing financial, management and technical expertise. This has resulted in a number of successful divestures and a portfolio company being listed in the public markets.
For further information, please contact:
Monteco Ltd. Director, Corporate Development – Jeff Watson, CFA
o: 416-960-9968 | e: firstname.lastname@example.org | www.monteco.com
D.S. Handling Ltd. President – Steve Marr
o: 519-941-4858 | e: email@example.com | www. dshandling.com | www.aerdon.com