Bumpers and Breakfasts: Bumper to Bumper launches nation fundraiser with Breakfast Club of Canada
Boucherville, Quebec — The Bumper to Bumper family is thrilled to announce an agreement with Breakfast Club of Canada to launch a nationwide fundraising campaign under the theme “Long Live Our Kids”. Driven by a shared commitment to our communities, this agreement reflects our common mission to foster the growth and success of Canadian children […]
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. […]
Tuesday Ticker: Tesla Model Y dominates European car sales; U.K. watchdog investigates LKQ, Uni-Select deal
Toronto, Ontario — This week, Tesla marks a milestone with the Model Y while LKQ and Uni-Select reconvene to tackle concerns from the United Kingdom Competition and Market Authority. The Y in Europe The Tesla Model Y was Europe’s best-selling vehicle in the first half of 2023, according to numbers from DataForce. A total of […]
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 […]
Checks and Balances: Uni-Select, LKQ acquisition passes antitrust requirements, awaiting U.K. approval
Boucherville, Québec — Uni-Select and LKQ say they are pleased to announce they have gotten the green light from the Canadian Competition Bureau to go forward with LKQ’s acquisition of Uni-Select, first announced in February. Additionally, the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, meaning that Uni-Select has achieved […]
Clear Consensus: Uni-Select approves plan of arrangement with LKQ
Boucherville, Quebec — Uni-Select shareholders announced that they have approved their company’s plan of arrangement with LKQ and its subsidiary, securing a near-unanimous agreement at Thursday’s special meeting. The arrangement resolution was approved by 98.87 percent of the votes cast by shareholders present virtually or represented by proxy and entitled to vote at the meeting, […]
Cash Count: Uni-Select reports Q4 2022, full-year financial results; FinishMaster growth driven by price increases
Boucherville, Quebec — Uni-Select reported both full-year and Q4 2022 financial results on Friday. For Q4 2022, consolidated sales for Uni-Select were $424.8 million, up $24.6 million or 6.2 percent from Q4 2021. The company’s FinishMaster U.S. segment reported sales of $173 million for Q4 2022, an increase of 3.4 percent, primarily driven by price increases. […]
Tuesday Ticker: Toyota remains world’s top-selling automaker; EV stocks rally and drop
Toronto, Ontario — Toyota remains the top-selling automaker globally, but not in Canada; Lucid and other EV stocks see a short-lived increase and Uni-Select prepares to unveil its Q4 2022 results in this weekly Tuesday Ticker. Toyota on top Toyota sold more than 10.5 million vehicles in 2022, retaining its spot as the world’s top-selling […]
Material Gains: Uni-Select reports Q2 2022 financial results; FinishMaster U.S. growth driven by price increases
Boucherville, Quebec — Uni-Select has reported its financial results for the second quarter ended June 30, 2022, marking 10.8 percent organic growth, the company said. Consolidated sales were $444.3 million, up $27.9 million or 6.7 percent from Q2 2021. The company’s FinishMaster U.S. arm reported sales of $186.5 million, with organic growth of 8.9 percent. […]
A Match for Maslack: Uni-Select enters definitive agreement to acquire Maslack Supply
Boucherville, Quebec — Quebec-based automotive giants Uni-Select announced on Monday that it has solidified plans to acquire Maslack Supply Limited, furthering the company’s expansion into Ontario. Over its 63 years in business, Maslack has grown from a small family-owned and operated auto parts supply company, to include 13 locations across Northern Ontario and more than […]
