Stirling deal for CTI Logistics in nation’s west
CTI Logistics will buy regional Western Australian freight carrier Stirling Freight Express for $ 4.5 million as the company continues with a nation-wide expansion process.
A family- run business, Stirling operates depots in Perth, Albany, Bunbury, Geraldton, Merredin and Kalgoorlie and provides overnight delivery services to towns in the southwest of Western Australia with 100 employees and a fleet of over 50 vehicles.
All but the Merredin depot are fully owned by the vendors and will be leased by CTI, with these depot towns also boasting an on- ground fleet to help further facilitate product delivery.
The Stirling business will be merged into CTI’s existing regional freight network, with bases in Albany, Bunbury and Perth – with the future Perth base to also house operations of CTI’s Broome Freightlines and Bunbury Freight Services.
CTI joint managing director Bruce Saxild tells ATN that the potential takeover had been on the cards for the past six months, with Stirling’s principals to remain for a period to help oversee the business.
“It was just really a case where the vendors got to a stage where they wanted to retire and we were the right fit to take the business over – it is a good purchase for us because what it does is strengthen our regional network, which has been one of our stated goals for a number of years,” he says.
“We will be taking on all those employees, so it really is business as usual.”