Tag: acquisition

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 […]

Wörwag in the Bag: PPG announces acquisition of Wörwag Paint and Coatings

Pittsburgh, Pennsylvania – International automotive coatings manufacturer PPG has acquired its German counterpart, Wörwag, announced in a press release on Monday. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, and will help to further expand our product offering,” said PPG executive vice president Rebecca […]

Another Acquisition for the D’Alessandros: CSN Centre number three for the family

Toronto, Ontario –– The D’Alessandro family is at it again with their most recent acquisition of a third CSN collision centre in the GTA. The newest location, formerly known as CSN Heartland B&B – now renamed CSN Heartland, brings the D’Alessandro family into the busy Mavis Road and Britannia Road West intersection of Mississauga.  The […]

FinishMaster Canada targets Manitoba with acquisition of Spectrum Coatings

By Tom Davis Boucherville, Québec — December 19, 2017 — FinishMaster Canada has announced the acquisition of Manitoba-based Spectrum Coatings. The company hopes the deal will help expand its market share across the province. “This is an entirley new market for FinishMaster Canada, and we are very enthusiastic to have 17 new colleagues,” Michel Charbonneau, […]