Collision Kings launches sale and investment solicitation process to sell all or part of Alberta-based MSO
Calgary, Alberta — Alberta-based multi-shop operator (MSO) Collision Kings has launched a sale and investment solicitation process after the company sought and obtained protection under the Companies’ Creditors Arrangement Act (CCAA) pursuant to an order granted by the Court of King’s Bench of Alberta. FTI Consulting Canada was appointed as Monitor for the CCAA proceedings, […]
Done Deal: LKQ completes acquisition of Uni-Select
Boucherville, Quebec — LKQ Corporation has completed its acquisition of Uni-Select, the company announced Tuesday morning. Consideration for the purchased shares of Uni-Select has been remitted as depositary as part of the deal, and will be paid to former shareholders “as soon as reasonably practicable after the date hereof,” wrote LKQ in a press release. […]
Driving On: Driven Brands becomes second-largest auto glass player in the U.S.
North Carolina, United States – Driven Brands Holdings has acquired Auto Glass Fitters, intensifying the company’s East Coast presence in auto glass services and adding to its mobile capabilities. Now part of Driven Brands, Auto Glass Fitters will have access to robust shared service capabilities like data analytics, direct-to-consumer marketing, procurement, and commercial customer relationship […]
Now with NAPA: Pièces d’auto Lacroix to become NAPA associate
Laval, Quebec — Pièces d’auto Lacroix will now operate as a NAPA Auto Parts associate. The parts retailer and distributor, run by brothers Dany and Kevin Lacroix, were formerly with Uni-Select. The company’s five locations(Laval, Saint-Eustache, Terrebonne, Boisbriand, and Mirabel) will switch to being a part of the NAPA brand on September 26. UAP’s press […]
Tuesday Ticker: May 10, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada picks up two luxury dealerships in Ontario, teasing the potential to expand its collision services; Uni-Select reports a “strong start” to the year with its Q1 2022 financial results, and a Toronto-based parts maker sees big drops in net profits. Leaning on luxury AutoCanada added two […]
Welcomes of the Week: CARSTAR Shelburne
Mono, Ontario — This week CARSTAR Canada announced the opening of its newest location, CARSTAR Shelburne, located at 506168 Hwy 89, Mono, Ontario, L9V 1H8. This is the second CARSTAR facility for owner Franc Cundari, who has owned CARSTAR Orangeville for the past seven years. Excited to support the growing region of Shelburne, Cundari and his team decided to expand their […]
Lithia’s Loot: Dealership group reportedly in talks to acquire Pfaff Automotive
Toronto, Ontario — Lithia Motors, a U.S.-based auto dealership group, reportedly has its sights set on Ontario-based Pfaff Automotive for its first Canadian acquisition, according to Automotive News Canada. Lithia CEO Bryan DeBoer told the publication Wednesday that it has acquisitions of Canadian dealerships under contract and slated to close within 90 days—deals that could […]
Need a Lift?: CSN BC Collisions purchased by Lift Auto Group
Burnaby, B.C. — Lift Auto Group continues to expand by acquiring another collision centre under the CSN banner, and CSN BC Collisions is the most recent acquisition completed by Lift. The transaction is positioned to benefit CSN, Lift, and the customers that call Burnaby, British Columbia home, say the companies. “Lift is pleased to have acquired […]
Oh Snap: Snap-on acquires Ontario-based Dealer-FX
Markham, Ontario — HGGC, the private equity firm that controls Canadian operations software provider Dealer-FX, has sold the company to Snap-on Inc., the companies announced Monday. The giant manufacturer of hand tools, shop equipment, diagnostic software and other service department products paid HGGC US$200 million cash for Dealer-FX, of Markham, Ont. Dealer-FX’s service lane software […]
Staying Intact: Intact Insurance approved for joint acquisition of RSA
Toronto, Ontario – Intact Insurance has gained approval to move forward with its acquisition of UK-based insurer RSA, according to a report from Wednesday. In November, Intact announced the completion of a $3.2 billion capital raise ahead of the transaction with RSA and a majority of RSA shareholders voted to approve the acquisition. RSA’s acquisition […]
