Esco buys its Canadian dealership

Esco buys its Canadian dealership

Portland-based Esco has acquired full ownership of its Canadian dealership for $10 million.

The dealership, Esco Supply Ltd., is the largest supply and service location in the world for the Portland company, which operates in 21 countries on six continents.

The old-line Portland company, which employs more than 5,000 worldwide, announced plans a year ago for a $175 million initial public offering, but the IPO hasn’t materialized. Kelley Egre, an Esco spokeswoman, said Tuesday that the company still plans to go public.