Uni-Select has entered into an agreement with Parts Depot, Inc. to purchase certain assets in the state of Florida, giving them an even larger foothold in one of the most important aftermarket markets in the U.S.
Uni-Select recently acquired 27 Finishmaster outlets in Florida. The latest acquisition is expected to add 39 points of sale and five distribution centres, and add annual sales of US$87 million.
After the transaction has closed in early October, Uni-Select will open new stores under its Auto-Plus trademark in those locations where leases have been assumed.
"This transaction is in line with our strategy of continuing to expand our footprint as we continue our growth in the U.S. market," said Richard G. Roy, president and chief executive Officer of Uni-Select Inc. "The state of Florida is one of the most important automotive markets in the U.S. and Uni-Select's entry into this market is a significant step in our development plan
"This development is exciting news for (Parts Depot Inc's) customers and employees. Uni-Select will offer employment to the vast majority of our employees and will provide strong partnership to customers allowing them to compete and grow in the automotive aftermarket industry. » commented Rollie Olson, chairman and CEO of Parts Depot.