All Parts Automotive Limited (dba "General Auto Parts")
Uni-Select Inc. has acquired All Parts Automotive Limited (dba "General Auto Parts")
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Uni-Select Inc. has acquired All Parts Automotive Limited (dba "General Auto Parts"). MNP Corporate Finance Inc. acted as exclusive financial advisor to General Auto Parts in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of General Auto Parts to implement their succession strategy. It also helped Uni-Select Inc. accelerate its growth strategy by expanding its footprint in Ontario.
Founded in 1959, General Auto Parts is a leading wholesaler and full-line distributor of automotive aftermarket parts to both retail and wholesale customers. GAP is strategically located in the Greater Toronto Area, occupying approximately 32,000 square feet. GAP has been a long-standing distributor of ACDelco Canada (a division of General Motors of Canada).
Uni-Select Inc., a subsidiary of LKQ Corporation (NASDAQ: LKQ), is an industry leader in the automotive aftermarket parts business. Uni-Select Inc. has over 2,000 employees and 20,000+ customers. It operates 9 distribution centres and has over 190 corporate stores through its "Bumper to Bumper" brand.