Automotive Acquisitions in Canada

The Mufflerman Inc., a portfolio company of Argyle Capital Partners, acquired five automotive repair and tire service locations operating under the EuroMechanic brand umbrella in the Greater Toronto Area and Guelph from Carflex Capital. The transaction closed on November 3, 2023, and EuroMechanic will continue operating as a distinct division within The Mufflerman.

Cloyes Gear & Products, Inc. acquired Rotomaster, a global turbocharger and component specialist. The transaction terms were not disclosed, and the combination is intended to expand product offerings and market coverage in the automotive aftermarket.

AutoCanada Inc. acquired Kavia Auto Body, a collision centre located in Saskatoon, Saskatchewan. The acquisition supports AutoCanada’s strategy to expand its national collision centre network in markets complementary to its existing dealership footprint.

Westbridge Capital Ltd. has acquired KAVIA Auto Body, Inc., an auto-body repair services provider based in Saskatoon, Saskatchewan. KAVIA’s retiring owner and president, Raj Kavia, will remain involved as chairman and will partner with Westbridge as it pursues additional acquisitions in the collision repair sector. Financing for the transaction was arranged by Westbridge Capital Partners Income Trust, a mezzanine debt fund managed by Westbridge.