Canadian Industrial Distributor Commercial Solutions Acquires Excel Bearings
Commercial Solutions Inc., Edmonton, Alberta, had acquired Excel Bearings Inc., a $3.5 million revenue Ontario-based distribution company with 10 employees and locations in Waterloo and Cambridge, Ontario.
Commercial reported total revenue for the 2005 fiscal year of $97.8 million.
Excel is a bearing and power transmission specialist with a strong regional presence in the Southern Ontario market and provides Commercial with an increased Eastern presence. The Excel acquisition will give Commercial an Eastern Canadian bearing and power transmission infrastructure to build upon, eventually allowing Commercial to convert Western regional contracts into national contracts. In addition, Commercial's varied ...