July 27, 2022

To further expand its presence in Ontario, Uni-Select Inc. has entered into a definitive agreement to acquire Maslack Supply Limited, a family-owned and operated company that was founded in 1959 and has 13 locations across northern Ontario.

With over 200 employees, Maslack had over $52 million in revenue for its fiscal year ending January 31, 2022.

“We are very pleased to be announcing the acquisition of Maslack, the most significant acquisition for Uni-Select since we began our turnaround in Q2 of 2021. The transaction represents a meaningful growth avenue for the Canadian Automotive Group and is evidence of our ability to leverage our solid and improving balance sheet to make sizeable investments to grow our business,” mentioned Brian McManus, executive chair and chief executive officer, Uni-Select Inc.

“We are honored to carry on the legacy of the Maslack family and happy to expand our footprint in Ontario—Canada’s largest market for automotive aftermarket products. We look forward to welcoming Maslack’s employees to leverage our combined strengths and maintain our high standards and quality of operations,” added Emilie Gaudet, president and chief operating officer, Canadian Automotive Group.

Following the transaction, the companies stated that Maslack’s core management team will remain in place and will continue to lead operations.

Uni-Select plans to fund the transaction using amounts available under its credit facility and the transaction is expected to be immediately accretive to Uni-Select’s net earnings. The transaction is expected to close on or about August 2, 2022, subject to customary closing conditions. Uni-Select does not expect to make any further announcement regarding the transaction.

https://www.uniselect.com/