FinishMaster, Inc., a subsidiary of Uni-Select, has announced that it has entered into an agreement to purchase substantially all of the assets of ColorMaster Automotive Paint, Inc. (“ColorMaster”). This transaction will substantially increase FinishMaster’s footprint in Illinois, Missouri and Texas and will mark FinishMaster’s first branch in Louisiana.
ColorMaster opened its first location in St. Louis, Missouri in 1991. ColorMaster has grown to 15 locations over the past two decades. The team primarily operates in the refinish segment of the aftermarket industry, but also has unique expertise in the heavy industrial market in Texas.
“The ColorMaster team built a culture centered on best in class customer service, technical support, and a commitment to do more for their customers, partners, and community. FinishMaster shares these same values and we are steadfast in our commitment to work together as a team to drive growth in new markets,” stated Steve Arndt, president and chief operating officer of FinishMaster.
“This transaction is a continuation of our commitment to grow in key markets and new business segments,” added Henry Buckley, president and chief executive officer of Uni-Select.