It’s theirs, again

Boettchers once again have full ownership of Three Star Trucking

Several years ago, there was a wave of long-held family companies in southeast Saskatchewan that sold out to larger firms as the ownership started looking at retirement. One of those companies was Three Star Trucking of Alida, which has been owned and operated by the Boettcher family for over 50 years. They sold a majority stake to Provident Energy in October 2011.

Provident was then sold to Pembina Pipeline Corp. As a pipeline company, their trucking operation wasn’t a fit.

“They didn’t want to be in trucking, so they gave us a deal,” said Ken Boettcher, one of the owners.

Thus, in August 2014, the Boettchers bought back the part of the business they had sold just a few years before.

“We bought it back. We got a good deal,” Ken said, agreeing that the retirement strategy he spoke of a few years ago has gone to the wind.

“It’s a lot nicer owning your own company than just a part of it,” he said.

© Copyright Pipeline News

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Pipeline News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus