A new strategic partnership between JNPSoft OptiCat and MEMA Aftermarket Suppliers will offer value-added benefits MEMA will offer unique incentives on JNPSoft OptiCat licensed products, access to resources and trade information for new members of its aftermarket suppliers group. “MEMA…
Ford and Tesla have agreed on a partnership that will see the Detroit-based automaker adopt Tesla chargers on its electric vehicles, making them accessible to Tesla’s network. It’s a move that surprised many industry analysts who have noted Tesla’s preference…
Uni-Select recently announced that its shareholders gave the thumbs up to the sale of the company to LKQ Corporation. A special meeting of shareholders saw the resolution approved by nearly 99 per cent of votes cast by shareholders present virtually…
Repairify announced an exclusive long-term agreement with Autel U.S. to deliver its patented global OEM remote solutions for diagnostics, calibrations, and programming through Autel’s remote-capable products across North America. Under the agreement, Repairify will integrate its solutions as a new…
Canadian convenience store operator Alimentation Couche-Tard is buying some European gas stations belonging to TotalEnergies in a multi-billion dollar deal. Valued at €3.1 billion (CAN$4.5 billion), Couche-Tard said it plans to turn the stations into food and services hubs. The…
An agreement has been reached for LKQ Corporation to acquire Uni-Select Inc. in an all-cash deal. LKQ will buy all of Uni-Select’s issued and outstanding shares for $48 per share in cash, valuing the transaction at about CAN$2.8 billion. It…
A new partnership between the Automotive Aftermarket Retailers of Ontario and the Canadian Federation of Independent Business will give AARO members free membership to the CFIB. Members will have access to CFIB offerings, such as business support, savings programs and…
In Motion Brands announced a strategic partnership with CrashBay.com. The company will deliver a state-of-the-art digital showroom for both tire and wheel e-commerce, along with a national service network of automotive service providers facilitating the procurement and installation of tire…
Wyebridge Machine Limited, run by the MacLennan family in Midland, Ontario, has sold its NAPA franchise to Ideal Supply. The deal closed on Nov. 4. Ideal Supply announced the acquisition on Nov. 18. Ideal is NAPA’s largest network of franchise…
Money and reduced physical barriers are the combinations that will see continued merger and acquisition activity, according to a long-time automotive aftermarket leader. The number of independent suppliers has dwindled in recent years with many brands now falling under one…
There’s plenty of money on the sidelines and everyone from banks to private equity firms don’t want to sit on it. So some of that money could be used to fund acquisitions, suggested an expert. Furthermore, interest rates are low…
A deal between two of Ontario’s biggest fuel and lubricant distributors has closed. McDougall Energy acquired Dowler-Karn in a deal announced just before Halloween 2021 and closed Feb. 28. Both are family-owned companies. Dowler-Karn was a third-generation business that manages…