Finish Line in Sight: Uni-Select achieves Investment Canada Act approval in LKQ acquisition process
Toronto, Ontario — Uni-Select announced Thursday its receipt of approval under the Investment Canada Act, moving the company one step closer to closing its acquisition deal with LKQ and its numbered company. “The above-mentioned approval satisfies the closing condition regarding the Investment Canada Act set forth in the arrangement agreement between Uni-Select, LKQ Corporation and […]
Welcomes of the Week: AutoCanada acquires Premier Chevrolet Cadillac Buick GMC in Windsor, Ont.
Windsor, Ontario — AutoCanada has secured a key foothold in the nation’s automotive capital, announcing the acquisition of Premier Chevrolet Cadillac Buick GMC in Windsor, Ont., on Tuesday. Premier’s entire operation spans over five acres in the city’s south-end and includes a dealership and a 12,000 sq.-ft. collision centre fit with 14 service bays. The […]
Auctions for Auctioneers: Ritchie Bros acquisition of IAA achieves shareholder approval
Toronto, Ontario — After some bumps along the road of negotiation, the Ritchie Bros acquisition of IAA has been completed following shareholder agreement from both parties. This merger will see IAA stockholders receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. When […]
Fishing for Frank: Opus IVS acquires AutoTechcelerators, wins product award at SEMA 2022
Toronto, Ontario — One of the North American auto industry’s most influential voices has a new home, as Frank Terlep’s Auto Techcelerators has now come under the ownership of Opus IVS, following an acquisition deal. This deal will see the convergence of Terlep’s line of popular CoPilot ADAS products with Opus’ numerous diagnostic scanning tools […]
Keeping ‘Quipped: Bannister Group Equipment and Service acquires AutoQuip Canada
Toronto, Ontario — Bannister Group Equipment and Service announced earlier this month that it has completed its acquisition of automotive equipment distributor AutoQuip Canada. AutoQuip Canada distributes products for a number of leading automotive brands, including Garmat USA, Eurovac and Wedge Clamp Systems. With this acquisition, AutoQuip Canada will join the ranks of Bannister Group […]
STAY OR GO
Knowing your worth is key in either scenario Column by NANCY ROLLAND www.focusbankers.com The pandemic has caused many business owners to reconsider their long-term goals of owning and operating their businesses. Shutdowns and personnel shortages have clearly been a drain on many, while severely impacting financial performance and their ability to effectively service customers. If […]
Axalta comments on failed merger and acquisitions attempts and collision market consolidation
By CRM Staff Philadelphia, Pennsylvania — February 8, 2018 — During Axalta’s 2017 fourth quarterly conference call, Axalta executives offered insight into why several merger and acquisitions deals fell through for them last year. Despite the previous breakdowns, Charles Shaver, chief executive officer, Axalta predicts more consolidation for the coatings industry in the next […]
Boyd Group announces North Carolina expansion
Winnipeg, Manitoba — January 11, 2017 — The Boyd Group has announced another acquisition, this time in Monroe, North Carolina. Monroe is located about 40 kilometres southeast of Charlotte, North Carolina’s largest city. The location previously operated as Griffin Motors Collision Center and shares a location with an automobile dealership. This marks the first acquisition […]
Boyd Group buys heavy-duty repair facility
Winnipeg, Manitoba — September 27, 2016 — The Boyd Group has announced its 37th shop acquisition of 2016. The Winnipeg-based consolidator has announced the September 26, 2016 opening of a new collision repair centre in Portage, Ind. This particular acquisition is a little unusual for Boyd. The company usually seems to acquire general purpose collision […]
