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Business deals and partnerships

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Why consolidation won’t slow down
August 24, 2022 by Adam Malik

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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Why you should expect more M&A activity
April 1, 2022 by Adam Malik

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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McDougall, Dowler-Karn acquisition closes
March 7, 2022 by Adam Malik

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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Tenneco to be acquired, go private
February 23, 2022 by Adam Malik

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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VW, Bosch teaming up on automated software
February 2, 2022 by Adam Malik

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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BBB makes another acquisition
January 31, 2022 by Adam Malik

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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Epicor acquires Canadian company
January 24, 2022 by Adam Malik

Toronto-based JMO Business Systems has been acquired by Epicor. The deal was announced last week. Financial terms were not disclosed. JMO is a software company that provides warehouse management systems (WHS), enterprise mobility solutions and related services for automotive aftermarket…

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Premium Guard acquires IPC
January 17, 2022 by Adam Malik

Automotive aftermarket filtration supplier Premium Guard Inc. has closed its acquisition of competitor IPC Global Solutions. The deal was finalized on Dec. 30, 2021, and announced on Jan. 11, 2022. PGI partnered with Dallas-based private equity firm Trive Capital as…

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ASA Northwest, MWACA join forces
September 30, 2021 by Adam Malik

The largest affiliate of the Automotive Service Association in the U.S. has signed up with a new group and changed its name. The Automotive Service Association of the Northwest will be changing its name to Northwest Auto Care Alliance (NWACA),…

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Dorman to acquire Dayton Parts in $338M deal
July 7, 2021 by Christine Hogg

Dorman Products, Inc. has entered into a definitive agreement to acquire Dayton Parts for total consideration of $338 million, subject to customary adjustments. The transaction, which is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act,…

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Standard Motor Products joins CADIA
June 16, 2021 by Christine Hogg

Standard Motor Products, Inc. has joined the Center for Automotive Diversity, Inclusion and Advancement (CADIA) to continue deploying initiatives focused on diversity, equity, and inclusion (DE&I). Founded in 2017, CADIA is a non-profit organization with the mission of doubling the…

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Goodyear completes acquisition of Cooper
June 9, 2021 by Christine Hogg

The Goodyear Tire & Rubber Company (Nasdaq: GT) today announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalizing the merger agreement made public on February 22.  The combination unites two leading tire companies with complementary…