Uni-Select Inc. has completed the acquisition, through one of its Canadian subsidiaries, of all the shares of Pièces d’autos M.A.G. Inc. (“M.A.G.”) and entered into an agreement to purchase, through one of its Canadian subsidiaries, substantially all of the assets of Jean Talon Auto Parts (1993) Ltd. (“Jean Talon Auto”) and Centre de Pièces Gagnon (“Pièces Gagnon”).
The consummation of the Jean Talon Auto and Pièces Gagnon acquisition is subject to customary closing conditions and expected to close within 60 days.
These acquisitions will expand Uni-Select’s reach in Québec, as the Corporation continues to develop a strong corporate store network across Canada.
M.A.G., formerly a member of a competing automotive parts distributor, has been a well-reputed wholesaler of automotive parts since 2007. Its team has served the market for over 8 years from 1 location in Sherbrooke, Québec. The 11 parts experts who contributed to building its reputation and position in the market, now join the Uni-Select family.
Jean Talon Auto, a long-term customer of Uni-Select, has been a well-reputed wholesaler of automotive parts, operating from 6 locations in Montréal, Québec. Its dedicated team of professionals has served the market throughout the Greater Montréal area for over 30 years. Upon closing of the transaction, the 56 professionals who contributed to building its position in the market will join the Uni-Select team.
Pièces Gagnon, a customer of Uni-Select, is a wholesaler of automotive parts, specialized in heavy duty and industrial parts. In business for decades from 1 location in Montréal, Québec, its team of 16 professionals will also join the Uni-Select family upon conclusion of the transaction.
“We are proud to add M.A.G. to the Uni-Select family in the Sherbrooke area and to have these long‑time Uni-Select customers, Jean Talon Auto and Pièces Gagnon, continue to serve the Greater Montréal Area”, stated Gary O’Connor, president and chief operating officer, Automotive Canada.
“We are very pleased to add these terrific businesses and teams to our network of corporate stores in the important urban Montreal and Sherbrooke markets”, added Henry Buckley, president and chief executive officer of Uni‑Select.