CARO News

CARO Ownership Restructure

I am pleased to announce the exciting change that CARO Analytical Services Ltd. (CARO) has been completely purchased by its leadership group of CARO employees, scientists and managers led by Brent Mussato, PChem (President); along with Patrick Novak, PChem (Vice President); Ed Hoppe, PChem (Business Manager, Kelowna); and Brent Coates, BSc (Business Manager, Richmond).

Previously ownership was through Caravel Investments Ltd (CIL), a holding company of which some CARO employees were shareholders. CIL also owned a consulting engineering firm. For some time, it was recognized that optimizing CARO’s future success would be best done through independence and through leadership by the employees and scientists who were responsible for growing CARO into the successful analytical services firm it had become.

This is an exciting transition for the future of CARO for a number of reasons:

• It allows CARO’s management team to continue to show leadership in the analytical testing industry. This is our passion. It is where our experience and expertise lies. This is the industry on which we have formed our careers. It is what our clients value us for.
• It allows direct control over the path that will bring CARO, our employees and our clients the greatest potential for success. It allows CARO’s ownership team to apply their passion and expertise towards reinventing something truly special in our industry … independent of other pressures.
• It is not often that clients have an opportunity to help shape how another firm can best provide them with support. For us, when “clients are successful, we are successful” is such a fundamental concept. We will be actively engaging clients and soliciting feedback on how CARO can provide them with the highest value and levels of success.

This ownership change is an exciting next step for CARO, its employees and our clients. It sets the foundation for our future as a company. Please don’t hesitate to contact Patrick Novak, Ed Hoppe, Brent Coates, or myself if you have any questions. Thank you for your continued support.

Sincerely,

Brent Mussato B.Sc., PChem
President