The Jasper Engine & Transmission Exchange Employee Stock Ownership Program (ESOP) has acquired Canam Marketing Corporation. Canam Marketing will be operated by JASPER’s sister company, Jasper Innovative Solutions, as the company strives to increase its presence in the United States Postal Service parts market.
“The acquisition of Canam Marketing will be a great addition to JIS,” says Luke Bawel, JASPER Innovative Solutions General Manager. “Canam’s strength in new product development and dedicated workforce, coupled with JIS’s customer service, ordering system, inventory levels, and Transit company will be a winning combination. The USPS is currently JASPER’s largest customer. The acquisition of Canam allows us to focus on new product development.”
Canam Marketing provides product distribution from its Milwaukee, WI, office, with sales offices in Milwaukee and Las Vegas, NV. “We see great quality and value in Canam products,” added Bawel. “With this acquisition we will be able to allow customers the convenience of ordering through one system, the availability of ramped up inventory, and on time delivery. We are very excited with this new growth!”
The LLV, which was built between 1987 and 1994, has a lot of items that are no longer available, Bawel says. “Canam has developed many discontinued items for the USPS and has improved upon the original design of many of the OE parts. JASPER’s goal is to better serve our customers and supply quality parts to keep the USPS’ vehicles on the road.”
Canam Marketing will continue to operate and, over time, will be merged into JIS. The Canam name will remain for branding purposes and name recognition in the marketplace.
Jasper Innovative Solutions is a supplier of vehicle parts to USPS Vehicle Maintenance Facilities and other fleets throughout the United States. JIS sales offices are located in Bristol, PA with distribution facilities in Leavenworth, IN.
For more information on Jasper Innovative Solutions, call 800-752-1700 or visit www.jasperinnovativesolutions.com.