Business deals and partnerships Archives - Auto Service World https://www.autoserviceworld.com/category/business-deals-and-partnerships/ Reaching Canada's Automotive Aftermarket Industry Wed, 10 Jan 2024 12:43:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://www.autoserviceworld.com/wp-content/uploads/2019/08/cropped-ASW-FAVICON-1-32x32.png Business deals and partnerships Archives - Auto Service World https://www.autoserviceworld.com/category/business-deals-and-partnerships/ 32 32 What aftermarket companies could be sold in 2024? https://www.autoserviceworld.com/what-aftermarket-companies-could-be-sold-in-2024/ https://www.autoserviceworld.com/what-aftermarket-companies-could-be-sold-in-2024/#respond Fri, 12 Jan 2024 11:30:36 +0000 https://www.autoserviceworld.com/?p=1003840023 After a flurry of activity in 2023, what other deals could be in store for 2024 in the Canadian automotive aftermarket? Canada saw a pair of distributor giants announce their sales in 2023 with LKQ’s acquisition of Uni-Select and O’Reilly…

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]]> https://www.autoserviceworld.com/what-aftermarket-companies-could-be-sold-in-2024/feed/ 0 ASW Conversations: Canadian M&A: The Vast-O’Reilly deal and more https://www.autoserviceworld.com/asw-conversations-canadian-ma-the-vast-oreilly-deal-and-more/ https://www.autoserviceworld.com/asw-conversations-canadian-ma-the-vast-oreilly-deal-and-more/#respond Wed, 10 Jan 2024 11:30:18 +0000 https://www.autoserviceworld.com/?p=1003840058 2023 finished off with some major news: O’Reilly Automotive announced it had acquired Groupe Del Vasto, which operates Vast-Auto Distribution. We spoke to a few industry experts about the implications of the deal. One of them was Kumar Saha, a…

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]]> https://www.autoserviceworld.com/asw-conversations-canadian-ma-the-vast-oreilly-deal-and-more/feed/ 0 Epicor acquires last mile company https://www.autoserviceworld.com/epicor-acquires-last-mile-company/ https://www.autoserviceworld.com/epicor-acquires-last-mile-company/#comments Mon, 27 Nov 2023 11:31:04 +0000 https://www.autoserviceworld.com/?p=1003839351 Epico announced it has acquired Elite Extra, a cloud-based last-mile delivery solutions provider. The deal, it said in an announcement, expands its ability to help customers across the make, move and sell industries simplify last-mile logistics and compete in a…

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]]> https://www.autoserviceworld.com/epicor-acquires-last-mile-company/feed/ 1 Two coaching groups merge https://www.autoserviceworld.com/two-coaching-groups-merge/ https://www.autoserviceworld.com/two-coaching-groups-merge/#respond Thu, 23 Nov 2023 11:15:29 +0000 https://www.autoserviceworld.com/?p=1003839375 The Institute for Automotive Business Excellence announced a merger Herzberg Smith & Co. Michael Herzburg Smith will join, Jimmy Lea as part of the institute leadership’s team as the chief strategy officer. He will spearhead the company’s expansion programs, fostering…

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]]> https://www.autoserviceworld.com/two-coaching-groups-merge/feed/ 0 Worldpac, Carquest could be up for sale https://www.autoserviceworld.com/worldpac-carquest-could-be-up-for-sale/ https://www.autoserviceworld.com/worldpac-carquest-could-be-up-for-sale/#respond Fri, 17 Nov 2023 11:31:19 +0000 https://www.autoserviceworld.com/?p=1003839397 Advance Auto Parts announced it is beginning the process of looking into spinning off its Worldpac division and its Canadian business under the Carquest banner. The announcement came as the company has decided to focus on a “blended box business…

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]]> https://www.autoserviceworld.com/worldpac-carquest-could-be-up-for-sale/feed/ 0 Uni-Select acquires Auto Parts Central https://www.autoserviceworld.com/uni-select-acquires-auto-parts-central/ https://www.autoserviceworld.com/uni-select-acquires-auto-parts-central/#respond Fri, 06 Oct 2023 10:30:45 +0000 https://www.autoserviceworld.com/?p=1003838700 An award-winning network of central Canadian jobbers plus its supplier parent company have been acquired by Uni-Select. Auto Parts Central and Central Canada Industries, both owned by Wayne Maunula with presence in Ontario, Manitoba and Saskatchewan, are now part of…

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]]> https://www.autoserviceworld.com/uni-select-acquires-auto-parts-central/feed/ 0 I-CAR boosts Canadian welding training https://www.autoserviceworld.com/i-car-boosts-canadian-welding-training/ https://www.autoserviceworld.com/i-car-boosts-canadian-welding-training/#respond Tue, 03 Oct 2023 10:15:23 +0000 https://www.autoserviceworld.com/?p=1003838583 I-CAR Canada announced a partnership with the Canadian Welding Bureau (CWB Group) to increase welding training opportunities across the country. The partnership will see CWB lend its training facilities in Milton, Ontario, and Nisku, Alberta, as well as instructors nationwide…

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]]> https://www.autoserviceworld.com/i-car-boosts-canadian-welding-training/feed/ 0 TotalEnergies signs distribution deal in Quebec https://www.autoserviceworld.com/totalenergies-signs-distribution-deal-in-quebec/ https://www.autoserviceworld.com/totalenergies-signs-distribution-deal-in-quebec/#respond Wed, 27 Sep 2023 10:15:49 +0000 https://www.autoserviceworld.com/?p=1003838530 TotalEnergies Marketing Canada Inc. inked a commercial partnership with Paquet & Fils for the marketing of its lubricants for the Quebec market. Paquet & Fils specializes in distributing petroleum products and equipment for Quebec. This move will see TotalEnergies consolidate…

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]]> https://www.autoserviceworld.com/totalenergies-signs-distribution-deal-in-quebec/feed/ 0 SKF, Hazet, announce partnership https://www.autoserviceworld.com/skf-hazet-announce-partnership/ https://www.autoserviceworld.com/skf-hazet-announce-partnership/#respond Mon, 18 Sep 2023 10:35:43 +0000 https://www.autoserviceworld.com/?p=1003838299 Two companies are teaming up to develop needs for automotive shops. SKF and Hazet announced the technical partnership for the independent automotive aftermarket where they will co-develop solutions. Hazet is a manufacturer of hand tools and workshop equipment. SKF offers…

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]]> https://www.autoserviceworld.com/skf-hazet-announce-partnership/feed/ 0 Done deal: LKQ completes Uni-Select acquisition https://www.autoserviceworld.com/done-deal-lkq-completes-uni-select-acquisition/ https://www.autoserviceworld.com/done-deal-lkq-completes-uni-select-acquisition/#respond Tue, 01 Aug 2023 13:43:24 +0000 https://www.autoserviceworld.com/?p=1003837788 It’s now official: Quebec-based Uni-Select has been acquired by Chicago-based LKQ Corporation. News of the deal first sprouted in late February. After getting regulatory and shareholder clearance, as well as LKQ waiving some conditions, the deal was completed under the…

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]]> https://www.autoserviceworld.com/done-deal-lkq-completes-uni-select-acquisition/feed/ 0 Regulator asks for remedy in LKQ-Uni-Select deal https://www.autoserviceworld.com/regulator-asks-for-remedy-in-lkq-uni-select-deal/ https://www.autoserviceworld.com/regulator-asks-for-remedy-in-lkq-uni-select-deal/#respond Mon, 24 Jul 2023 10:35:30 +0000 https://www.autoserviceworld.com/?p=1003837656 The U.K. Competition and Markets Authority is requiring a remedy (known as “undertakings in lieu of reference”) in the LKQ Corporation deal for Uni-Select following its fast-track Phase 1 review process. The competition regulator made the request to address concerns…

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]]> https://www.autoserviceworld.com/regulator-asks-for-remedy-in-lkq-uni-select-deal/feed/ 0 Groupe Touchette acquires wheel maker https://www.autoserviceworld.com/groupe-touchette-acquires-wheel-maker/ https://www.autoserviceworld.com/groupe-touchette-acquires-wheel-maker/#respond Mon, 17 Jul 2023 10:30:24 +0000 https://www.autoserviceworld.com/?p=1003837543 Tire distributor Groupe Touchette announced it has acquired Fastco Canada, which designs, manufactures and distributes alloy wheels. In an announcement, Groupe Touchette said the deal will allow it to expand its customer service offering and give Fastco greater access to…

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]]> https://www.autoserviceworld.com/groupe-touchette-acquires-wheel-maker/feed/ 0 Details on an Epicor, SiriusXM agreement https://www.autoserviceworld.com/details-on-an-epicor-siriusxm-agreement/ https://www.autoserviceworld.com/details-on-an-epicor-siriusxm-agreement/#respond Tue, 04 Jul 2023 10:20:57 +0000 https://www.autoserviceworld.com/?p=1003837321 Epicor and SiriusXM have partnered to give automotive repair shops using Epicor Service CRM to offer eligible customers complimentary three-month SiriusXM Platinum Plan trial subscriptions. Those using Epicor Service CRM can now join “SiriusXM for Shop Customers” at no charge.…

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]]> https://www.autoserviceworld.com/details-on-an-epicor-siriusxm-agreement/feed/ 0 Lordco inks partnership with CFL’s Stampeders https://www.autoserviceworld.com/lordco-inks-partnership-with-cfls-stampeders/ https://www.autoserviceworld.com/lordco-inks-partnership-with-cfls-stampeders/#respond Fri, 23 Jun 2023 10:15:48 +0000 https://www.autoserviceworld.com/?p=1003837233 Lordco Auto Parts has partnered with another Canadian Football League team. Shortly after announcing a similar deal with the Edmonton Elks, Lordco announced it has also partnered with the Elks’ provincial rivals, the Calgary Stampeders. Lordco recently expanded into Alberta…

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]]> https://www.autoserviceworld.com/lordco-inks-partnership-with-cfls-stampeders/feed/ 0 Lordco partners with CFL’s Elks https://www.autoserviceworld.com/lordco-partners-with-cfls-elks/ https://www.autoserviceworld.com/lordco-partners-with-cfls-elks/#respond Fri, 16 Jun 2023 10:15:27 +0000 https://www.autoserviceworld.com/?p=1003837178 Having expanded into Alberta, Lordco Auto Parts is looking to deepen its commitment in the province with a new partnership with the Edmonton Elks. The three-year partnership with the Canadian Football League team signals Lordco’s expansion into Canadian sports, the…

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]]> https://www.autoserviceworld.com/lordco-partners-with-cfls-elks/feed/ 0 JNP Soft Opticat partners with MEMA Aftermarket Suppliers https://www.autoserviceworld.com/jnp-soft-opticat-partners-with-mema-aftermarket-suppliers/ https://www.autoserviceworld.com/jnp-soft-opticat-partners-with-mema-aftermarket-suppliers/#respond Mon, 05 Jun 2023 10:31:01 +0000 https://www.autoserviceworld.com/?p=1003836925 A new strategic partnership between JNPSoft OptiCat and MEMA Aftermarket Suppliers will offer value-added benefits MEMA will offer unique incentives on JNPSoft OptiCat licensed products, access to resources and trade information for new members of its aftermarket suppliers group. “MEMA…

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]]> https://www.autoserviceworld.com/jnp-soft-opticat-partners-with-mema-aftermarket-suppliers/feed/ 0 Ford to use Tesla’s EV charging network https://www.autoserviceworld.com/ford-to-use-teslas-ev-charging-network/ https://www.autoserviceworld.com/ford-to-use-teslas-ev-charging-network/#respond Thu, 01 Jun 2023 10:15:10 +0000 https://www.autoserviceworld.com/?p=1003836860 Ford and Tesla have agreed on a partnership that will see the Detroit-based automaker adopt Tesla chargers on its electric vehicles, making them accessible to Tesla’s network. It’s a move that surprised many industry analysts who have noted Tesla’s preference…

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]]> https://www.autoserviceworld.com/ford-to-use-teslas-ev-charging-network/feed/ 0 Uni-Select’s shareholders OK deal https://www.autoserviceworld.com/uni-selects-shareholders-ok-deal/ https://www.autoserviceworld.com/uni-selects-shareholders-ok-deal/#respond Thu, 04 May 2023 10:20:22 +0000 https://www.autoserviceworld.com/?p=1003836412 Uni-Select recently announced that its shareholders gave the thumbs up to the sale of the company to LKQ Corporation. A special meeting of shareholders saw the resolution approved by nearly 99 per cent of votes cast by shareholders present virtually…

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]]> https://www.autoserviceworld.com/uni-selects-shareholders-ok-deal/feed/ 0 Autel, Repairify announce partnership https://www.autoserviceworld.com/autel-repairify-announce-partnership/ https://www.autoserviceworld.com/autel-repairify-announce-partnership/#respond Mon, 20 Mar 2023 10:30:44 +0000 https://www.autoserviceworld.com/?p=1003835588 Repairify announced an exclusive long-term agreement with Autel U.S. to deliver its patented global OEM remote solutions for diagnostics, calibrations, and programming through Autel’s remote-capable products across North America. Under the agreement, Repairify will integrate its solutions as a new…

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]]> https://www.autoserviceworld.com/autel-repairify-announce-partnership/feed/ 0 Couche-Tarde acquires some TotalEnergies gas stations https://www.autoserviceworld.com/couche-tarde-acquires-some-totalenergies-gas-stations/ https://www.autoserviceworld.com/couche-tarde-acquires-some-totalenergies-gas-stations/#respond Fri, 17 Mar 2023 10:20:32 +0000 https://www.autoserviceworld.com/?p=1003835674 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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]]> https://www.autoserviceworld.com/couche-tarde-acquires-some-totalenergies-gas-stations/feed/ 0 Uni-Select to be sold to LKQ https://www.autoserviceworld.com/uni-select-to-be-sold-to-lkq/ https://www.autoserviceworld.com/uni-select-to-be-sold-to-lkq/#respond Mon, 27 Feb 2023 14:33:05 +0000 https://www.autoserviceworld.com/?p=1003835388 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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]]> https://www.autoserviceworld.com/uni-select-to-be-sold-to-lkq/feed/ 0 AARO, CFIB partner up https://www.autoserviceworld.com/aaro-cfib-partner-up/ https://www.autoserviceworld.com/aaro-cfib-partner-up/#comments Thu, 09 Feb 2023 11:20:17 +0000 https://www.autoserviceworld.com/?p=1003835124 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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]]> https://www.autoserviceworld.com/aaro-cfib-partner-up/feed/ 1 In Motion Brands, CrashBay set up partnership https://www.autoserviceworld.com/in-motion-brands-crashbay-set-up-partnership/ https://www.autoserviceworld.com/in-motion-brands-crashbay-set-up-partnership/#respond Thu, 09 Feb 2023 11:15:34 +0000 https://www.autoserviceworld.com/?p=1003835154 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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]]> https://www.autoserviceworld.com/in-motion-brands-crashbay-set-up-partnership/feed/ 0 Ideal Supply expands with another acquisition https://www.autoserviceworld.com/ideal-supply-expands-with-another-acquisition/ https://www.autoserviceworld.com/ideal-supply-expands-with-another-acquisition/#respond Mon, 21 Nov 2022 11:30:37 +0000 https://www.autoserviceworld.com/?p=1003834069 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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]]> https://www.autoserviceworld.com/ideal-supply-expands-with-another-acquisition/feed/ 0 Why consolidation won’t slow down https://www.autoserviceworld.com/why-consolidation-wont-slow-down/ https://www.autoserviceworld.com/why-consolidation-wont-slow-down/#respond Wed, 24 Aug 2022 10:30:21 +0000 http://www.autoserviceworld.com/?p=1003832565 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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]]> https://www.autoserviceworld.com/why-consolidation-wont-slow-down/feed/ 0 Why you should expect more M&A activity https://www.autoserviceworld.com/why-you-should-expect-more-ma-activity/ https://www.autoserviceworld.com/why-you-should-expect-more-ma-activity/#respond Fri, 01 Apr 2022 10:30:46 +0000 http://www.autoserviceworld.com/?p=1003830277 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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]]> https://www.autoserviceworld.com/why-you-should-expect-more-ma-activity/feed/ 0 McDougall, Dowler-Karn acquisition closes https://www.autoserviceworld.com/mcdougall-dowler-karn-acquisition-closes/ https://www.autoserviceworld.com/mcdougall-dowler-karn-acquisition-closes/#respond Mon, 07 Mar 2022 11:25:16 +0000 http://www.autoserviceworld.com/?p=1003830306 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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]]> https://www.autoserviceworld.com/mcdougall-dowler-karn-acquisition-closes/feed/ 0 Tenneco to be acquired, go private https://www.autoserviceworld.com/tenneco-to-be-acquired-go-private/ https://www.autoserviceworld.com/tenneco-to-be-acquired-go-private/#respond Wed, 23 Feb 2022 13:17:56 +0000 http://www.autoserviceworld.com/?p=1003830206 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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]]> https://www.autoserviceworld.com/tenneco-to-be-acquired-go-private/feed/ 0 VW, Bosch teaming up on automated software https://www.autoserviceworld.com/vw-bosch-teaming-up-on-automated-software/ https://www.autoserviceworld.com/vw-bosch-teaming-up-on-automated-software/#respond Wed, 02 Feb 2022 11:20:35 +0000 http://www.autoserviceworld.com/?p=1003829890 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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]]> https://www.autoserviceworld.com/vw-bosch-teaming-up-on-automated-software/feed/ 0 BBB makes another acquisition https://www.autoserviceworld.com/bbb-makes-another-acquisition/ https://www.autoserviceworld.com/bbb-makes-another-acquisition/#respond Mon, 31 Jan 2022 11:31:03 +0000 http://www.autoserviceworld.com/?p=1003829939 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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