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, […]
Tuesday Ticker: Bank of Canada’s end-of-year message; Canada Pension Plan bids on fleet management firm
By Jeff Sanford Toronto, Ontario — December 19, 2017 — In this week’s Tuesday Ticker, an end-of-year message from the Bank of Canada, the investment arm of the Canada Pension Plan bids for a fleet management firm that manages accident claims, and much, much more! The governor of the Bank of Canada, Stephen Poloz, held […]
Boyd Group acquires Calgary’s Concours Collision Centres
By Mike Davey Winnipeg, Manitoba — August 9, 2017 — The Boyd Group has officially announced the acquisition of Concours Collision Centres. The multi-store operation, consisting of four collision repair facilities located in Calgary, was previously owned by Ken Friesen. “We are excited to be expanding our presence in the Calgary region, a large market […]
Major acquisition to boost Fix Auto’s global locations to over 2,000
Blainville, Quebec — April 4, 2017 — Fix Auto World has just announced a major acquisition of 11 glass and automotive aftermarket companies previously owned by the Skidmore Group. Subsidiary organization Fix Auto Canada acquired Prime CarCare Group in 2016 and became the Canadian owner of automotive brands Speedy Auto Service, 5 Gears Auto Care, […]
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 […]
Solera to acquire Autodata
Westlake, Texas — January 4, 2017 — Solera has entered into a definitive agreement to acquire Autodata, a provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry. “Throughout a car’s life, there are over 54 transactions that occur between motorists and automotive businesses,” said Tony Aquila, Solera’s founder, Chairman […]
Snap-on to acquire Car-O-Liner
Kenosha, Wisconsin — October 17, 2016 — Snap-on has announced it has entered into a definitive agreement to acquire Car-O-Liner for approximately $155 million USD in cash. Car-O-Liner’s global headquarters are in Gothenburg, Sweden. The company has trailing 12 month sales of approximately $95 million. The transaction is expected to close within 30 days, subject […]
