FinishMaster announced that is has completed what it calls its largest acquisition “to date” after a deal on the U.S. west coast.
The company completed the acquisition of substantially all of the assets of A. D’Angelo & Sons, Inc. and its related entities. “This acquisition significantly expands FinishMaster’s footprint in the state of California and in two major metropolitan markets in Las Vegas, Nevada and Phoenix, Arizona,” it said.
“This acquisition, FinishMaster’s largest to date, strengthens our footprint on the west coast, a key growth area for (the company),” said Henry Buckley, president and chief executive officer of Uni-Select, of which FinishMaster is a wholly-owned subsidiary. “We are extremely pleased to welcome the D’Angelos business and team members to our growing FinishMaster family,” added
D’Angelos got its start in 1956 with Arthur D’Angelo purchasing the Acme Pain Company, changing its name to D’Angelos and Sons 10 years later. The company grew to 11 locations in California, Nevada and Arizona. “The business focus is in the automotive refinish segment, but they also have expertise in industrial coatings,” FinishMaster said in the announcement.
“D’Angelos’ success is the result of hard work and strong values, making them an example of the American dream originally pursued by its founders. The team has vast industry knowledge and a strong commitment to exceptional service,” said stated Steve Arndt, FinishMaster’s president and chief operating officer.
“Combining our teams’ decades of real world experience puts us in a unique position to support our customers and drive their success through the selection of great products, promise of great service and a commitment to partnership.
The deal comes just couple of weeks after FinishMaster acquired a pairof companies in the U.S. northeast.