BLAINVILLE (Quebec), September 30, 2019 – Fix Network, Canada’s premier automotive aftermarket services provider, and Uni-Select Inc. (TSX: UNS) have entered into an agreement that will see Fix Network acquire Uni-Select’s Carrossier ProColor business. The transaction closed on September 30, 2019.
“The addition of ProColor will see our network grow to over 450 collision repair facilities across the country; making us the largest collision repair services provider in the Canadian market,” said Steve Leal, President and CEO of Fix Network World. ProColor is a valuable and iconic Quebec based brand that Fix Network intends to retain and add to their expanding network. “We see this as a perfect opportunity for growth in the collision repair industry as the ProColor family will complement our existing Fix Auto network,” added Leal.
Following the acquisition of the Speedy Auto Service and Minute Muffler & Brake in 2016 and the global NOVUS Glass brand in 2017, ProColor is the next step in the execution of Mr. Leal’s vision to create a global force in the automotive aftermarket industry. “Fix Network is the first to offer all three services under one network; collision, mechanical and glass,” said Leal. “We are excited to welcome ProColor to our team and continue to build a complete aftermarket services solution.”
“We believe the combined operations of Fix Auto and ProColor will ensure a highly complementary service offering to both our valued insurance partners and customers by providing additional capacity to meet collision repair needs across the country,” said Leal. Additionally, existing ProColor members will gain access to Fix Network’s other brands, Speedy Auto Service and NOVUS Glass, which will provide them the opportunity to expand and enhance their businesses.
As part of the transaction, Uni-Select will become a preferred supplier for all of the Fix Network brands in the markets served by Uni-Select. “Since Uni-Select launched ProColor in 2001, the network grew from 28 to 172 collision repair shops and established its clear leadership position in the Québec market. We are pleased with this transaction with Fix Auto, which has a strong global network and a solid reputation in the auto repair industry, especially in the Canadian market. We look forward to continuing a long-term supply partnership with Fix Auto and supporting ProColor’s growth,” said Brent Windom, President and Chief Executive Officer of Uni-Select.
Leal concludes, “We are delighted to welcome the ProColor team to our network and are looking forward to serving customers with exceptional collision repair services through our combined scale and expertise.”
ABOUT FIX NETWORK
Fix Network is a global leader in the automotive aftermarket services sector, consisting of Fix Auto, NOVUS Glass, ProColor Collision, Speedy Auto Service and SRP brands. Our locally owned and operated collision, glass and mechanical repair facilities offer hassle-free vehicle care and services. Our company and our network continue to grow nationally and globally, thanks to a solid foundation based on entrepreneurship and innovation. With over 2,000 points of service around the world, Fix Network is the premier global automotive aftermarket services solution. For more information, visit www.fixnetwork.com.