Boucherville (Québec), January 31, 2017 – FinishMaster, Inc. (“FinishMaster”), a wholly-owned subsidiary of Uni-Select Inc. (“Uni-Select”, TSX: UNS), announced today it has completed the acquisition of substantially all of the assets of A. D’Angelo & Sons, Inc. and related entities (collectively “D’Angelos”). This acquisition significantly expands FinishMaster’s footprint in the state of California and in two major metropolitan markets in Las Vegas, Nevada and Phoenix, Arizona.
With the purchase of Acme Paint Company in 1956, Arthur “Art” D'Angelo Sr. was determined to pursue the American dream. Acme Paint Company later became "D'Angelos and Sons" in 1965. Over the past 60 years, the D'Angelos name has become synonymous with excellent service, and the business has grown to eleven locations in California including a warehouse, two locations in Nevada, and one in Arizona. The business focus is in the automotive refinish segment, but they also have expertise in industrial coatings.
“D’Angelos’ success is the result of hard work and strong values, making them an example of the American dream originally pursued by its founders. The team has vast industry knowledge and a strong commitment to exceptional service. Combining our teams’ decades of real world experience puts us in a unique position to support our customers and drive their success through the selection of great products, promise of great service and a commitment to partnership,” stated Steve Arndt, President and Chief Operating Officer of FinishMaster. “We are thrilled to welcome more than 125 team members to our FinishMaster family.”
“This acquisition, FinishMaster’s largest to date, strengthens our footprint on the West Coast, a key growth area for FinishMaster. We are extremely pleased to welcome the D’Angelos business and team members to our growing FinishMaster family,” added Henry Buckley, President and Chief Executive Officer of Uni-Select.
Uni-Select is a leader in the distribution of automotive refinish and industrial paint and related products in Canada and the United States, as well as in the automotive aftermarket parts business in Canada. In Canada, Uni-Select supports over 3,900 shops and stores through a growing national network of more than 1,150 independent customers, many of which operating under Uni-Select store banner programs, and corporate stores.
FinishMaster, Inc., a wholly-owned subsidiary of Uni-Select, is the leading national independent distributor of automotive paints, coatings and related accessories in the United States. It operates a national network of automotive refinish corporate stores under the FinishMaster banner and supports more than 6,000 collision repair centre customers.
The information provided in this press release may include some forward-looking information, which could include certain risks and uncertainties, which may cause the final results to be significantly different from those listed or implied within this news release. Such risks and uncertainties may include, for example, the impact of the transaction on the business of Uni-Select as a whole and certain strategic benefits expected to result from the transaction. For additional information with respect to risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this press release, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.
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Eric Bussières | Chief Financial Officer
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