Tradebank Canada has announced via their website, their acquisition of Canadian Barter System (CBS). Read full announcement below.
TRADEBANK ACQUIRES CANADIAN BARTER SYSTEM
Released by: Tradebank Canada
published: March 20th, 2017
Tradebank Winnipeg, the newest franchise in Tradebank Canada’s network, may have only launched in January 2017 but already boasts nearly 400 clients with the recent acquisition of over 300 clients from Canadian Barter System, one of Winnipeg’s most established barter exchanges.
Tradebank Winnipeg is owned by Today’s Executive Network (TEN), the largest private business networking group in Manitoba with over 1,800 members. “The barter concept just made sense to us,” explains TEN President & Founder, Glen Buhler. “Our members are networking and building valuable business relationships – barter now helps our members understand exactly how valuable those relationships are, by allowing us to quantify the value of the new business they derive from being part of our business.”
Since its January launch, Tradebank Winnipeg has been growing rapidly, however, the acquisition of Canadian Barter System, founded by Dale Luciow and Tony Barracano in 1995, will add over 300 clients and help the exchange reach critical mass. These clients, of course, are in addition to over 3,000 Tradebank Canada members across numerous offices in Canada including Regina, Saskatoon, Moose Jaw, Edmonton, Medicine Hat, London, Niagara, Hamilton, Halton, Waterloo, Brantford, Newmarket, Barrie, Sudbury, North Bay and Ottawa.
John Porter, President of Tradebank Canada, is ecstatic about the continued growth of Tradebank Winnipeg. “I was excited about the potential when initially meeting with Glen and Mike to discuss the possibility of them opening Tradebank in Winnipeg. Glen especially has impressed me with his business mind, work ethic and most importantly, his integrity. When the opportunity to acquire CBS was presented to us, I knew it was something that Glen and his team could handle and would speed up the development of Tradebank in the city.”