Vast-Auto Distribution, a subsidiary of Groupe Del Vasto, has signed an agreement with L’entrepôt pièces d’autos to form a joint venture partnership on the North Shore of Montreal.
The deal, expected to close on May 1, will create a new business with a strong emphasis on customer service and finding new ways to grow market share.
“This partnership ties very well into our strategic plan and supports our commitment to improve our services to professional installers through our parts stores. We will also be relying heavily on our channel partners to help us through the transition,” said Mauro Cifelli, president and CEO of Groupe Del Vasto.
“This strategic partnership will position us to deliver on our commitment to service, through broad assortments, depth of inventory, latest technology, rapid delivery and competitive pricing,” said Marc Lafleur, a co-owner of L’entrepôt pièces d’autos.
Upon completion of the transaction, four store locations, including L’entrepôt pièces d’autos Sainte-Thérèse, Auto Value Sainte-Thérèse, Auto Value Blainville and Auto Value Prévost will operate as a combined business unit under the Auto Value brand. This new entity will be well positioned to better serve customers in the region.
Lafleur and Yves Raymond are the current co-owners of L’entrepôt pièces d’autos. They will operate the new company as general manager and operations manager respectively.
Founded in 1986, Groupe Del Vasto is a privately held company headquartered in Montreal. It services Eastern Canada through seven distribution centres located in the provinces of Quebec, Ontario and Nova Scotia doing business as Vast-Auto Distribution. Operating the Auto Value, Auto Mecano, Monsieur Muffler, Monsieur Transmission, Mister Muffler and OCTO Auto Service Plus banners, Groupe Del Vasto offers its customers a complete business solution including a broad range of quality parts, innovative marketing programs, training and business management systems.
Groupe Del Vasto is a shareholder of the Aftermarket Auto Parts Alliance, one of the largest auto parts distribution and marketing organizations in the world with over 5,000 Auto Value Parts Stores and Auto Value Certified Service Centers.
L’entrepôt pièces d’autos located in Sainte-Thérèse (founded in 2016) serves repair facilities with a strong blend of service and price. L’entrepôt pièces d’autos’s mission is to be the best automotive parts supplier by providing a broad inventory assortment, best in class customer service, and consistent fast delivery.