XPEL Acquires Five North American Paint-Protection and Window-Film Businesses

October 1, 2021

XPEL, Inc. (Nasdaq: XPEL) acquired five businesses in the United States and Canada — Shadow Shield, Shadow Tint, North 1 Technologies (FilmWraps), One Armor and Tint Net — for a combined purchase price of approximately $20.1 million. The acquisitions expand XPEL’s installer and distribution footprint in Canada and Arizona and add software/patterning capabilities (FilmWraps), with the combined businesses contributing roughly $17.0 million in annual revenue on a pro forma basis.

Buyers
XPEL, Inc.
Targets
Shadow Shield, Shadow Tint, North 1 Technologies (FilmWraps), One Armor, Tint Net
Industry
Manufacturing
Location
Canada
Transaction Type
Buyout

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