Troman Industries, Inc. today announced the signing of a licensing agreement to acquire and sell specific assets in the Collins Commercial Ground Vehicle (CGV) segment of its Kidde Fire Protection Systems business, based in Wilson, North Carolina.
According to a company announcement, this move allows Troman to further expand its market presence in the transit bus industry, leveraging Collins’ reputation for fire protection solutions.
Under the terms of the agreement, Troman Industries will assume responsibility for Collins CGV’s order book, continuing to offer and support the brand within the transit bus market. Troman will maintain an ongoing relationship with Collins, sourcing the necessary parts from the company to ensure continuity of service and product quality for its customers.
Troman Industries’ CEO, Tony Cunnane, expressed his confidence in the acquisition, stating: “We have long represented Collins’ Fire Protection Systems through our partnership with Metro Transit Services. We’ve always believed that their products are of the highest quality, and when the opportunity to enter into this agreement presented itself, we saw a great opportunity to step in and continue offering these reliable solutions to the market.”
Troman Industries plans to take inventory from Collins’ Wilson location and begin handling shipping operations by April 1, 2025, to ensure that customers continue to receive timely and reliable service without interruption.