Techspan Industries Inc. of Mississauga Ontario Expands Portfolio, Acquiring 100% of the Shares of Pico Canada Ltd. Based in British Columbia

April 26, 2023

Ron Grieve, Owner of Pico, and Frank Dunnigan, CEO of Techspan Industries, are pleased to announce the sale of 100% of the shares of Pico to Techspan. The acquisition is effective immediately.

“After many years in the automotive wire accessory business, I had to look at a succession plan” said Mr. Grieve. “We looked for the right fit – not just for ourselves, but also for our customers, suppliers, and employees. Founded in 1989, Techspan is a family-owned Canadian company with a similar business philosophy and a set of corporate values that closely matched those of Pico. We couldn’t think of a better partner to carry the Canadian torch forward than Techspan.”

Ron Grieve, Owner of Pico

“We were looking for a strategic acquisition that would deliver more value to our distributors across the country,” said Mr. Dunnigan. “The extensive range of Pico products and their reputation for operational excellence with customers is perfectly aligned with Techspan. Our two companies, Canadian owned and totally committed to the Canadian market, will deliver exceptional results for all stakeholders going forward.”

Frank Dunnigan, CEO of Techspan Industries

More About Techspan’s Acquisition of Pico

Techspan’s head office is in Mississauga ON and Pico’s head office is in Burnaby BC.

Pico will continue to be run as a separate division with no changes to employees, operations, nor the sales and
marketing team. Products will continue to be shipped from Burnaby and Toronto locations and there will be no changes to AP or AR procedures.

Techspan supplies thousands of wiring products to electrical, automotive, heavy duty, marine, electronic, and industrial
distributors throughout Canada.

Pico is a recognized leader in automotive wire, cable, and connection accessories through automotive wholesalers
across Canada. www.picocanada.com

Mr. Grieve will continue to work for Pico as Chairman of the corporation.

For more information, please contact Ronald Grieve rgrieve@picocanada.com or Frank Dunnigan frank@techspan.ca

Related Articles

Changing Scene

  • Westburne Announces Katherine Forsythe as Divisional Industrial Sales Manager

    Westburne Announces Katherine Forsythe as Divisional Industrial Sales Manager

    Westburne is delighted to welcome Katherine Forsythe as its new Divisional Industrial Sales Manager. Katherine, who brings a wealth of industry experience and a strong educational background, will be responsible for leading, supporting and developing the company’s Automation business as well as its Industrial Projects Team. Read More…

  • Westburne Announces Andrew McCririck as Divisional Pricing Manager

    Westburne Announces Andrew McCririck as Divisional Pricing Manager

    Westburne is pleased to welcome Andrew McCririck as its Divisional Pricing Manager. Andrew has worked with Westburne’s sister company, Rexel Utility, where he further honed his skills and gained valuable industry experience. The company looks forward to his leadership driving its pricing strategies, optimizing profitability, and enhancing the competitive edge in the market. Read More…

Peers & Profiles

  • Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…