Topic
Business deals and partnerships

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Couche-Tarde acquires some TotalEnergies gas stations
March 17, 2023 by Adam Malik

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…

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Uni-Select to be sold to LKQ
February 27, 2023 by Adam Malik

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…

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AARO, CFIB partner up
February 9, 2023 by Adam Malik

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…

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In Motion Brands, CrashBay set up partnership
February 9, 2023 by Adam Malik

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…

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Ideal Supply expands with another acquisition
November 21, 2022 by Adam Malik

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…

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Why consolidation won’t slow down
August 24, 2022 by Adam Malik

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…

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Why you should expect more M&A activity
April 1, 2022 by Adam Malik

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…

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McDougall, Dowler-Karn acquisition closes
March 7, 2022 by Adam Malik

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…

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Tenneco to be acquired, go private
February 23, 2022 by Adam Malik

An investment management firm is set to be the new owner of automotive products giant Tenneco. Tenneco and Apollo Global Management entered into a US$7.1-billion deal Feb. 23. As part of the deal, which is expected to close in the…

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VW, Bosch teaming up on automated software
February 2, 2022 by Adam Malik

Cariad, the software subsidiary of Volkswagen, and Bosch are working together to develop automated vehicle software for use in the automaker’s vehicles. The two companies made the joint announcement Jan. 25. “The companies want to make partially and highly automated…

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BBB makes another acquisition
January 31, 2022 by Adam Malik

Months after a flurry of activity, BBB Industries announced it is expanding further into Europe with its latest deal. The company acquired MAPCO Autotechnik in Germany. It’s the fifth company BBB has acquired since 2019. And the latest announcement comes…

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Epicor acquires Canadian company
January 24, 2022 by Adam Malik

Toronto-based JMO Business Systems has been acquired by Epicor. The deal was announced last week. Financial terms were not disclosed. JMO is a software company that provides warehouse management systems (WHS), enterprise mobility solutions and related services for automotive aftermarket…