Autobody Supply Company Acquired by FinishMaster

Josh Curtis
Managing Director
Footprint Capital
jcurtis@footprintcapital.com
Phone 614.327.8746

230 West Street
Suite 700
Columbus, OH 43215

TRANSACTION INFORMATION

Footprint Capital (“Footprint”) was pleased to act as the exclusive sell-side advisor to Autobody Supply Company, Inc. (“ABS”) in the sale of substantially all of its assets and business to FinishMaster, Inc., (“FinishMaster”) a subsidiary of Uni-Select Inc. (“Uni-Select”, TSX: UNS). This transaction completed the succession plan for Jim and Peggy Volpe who are second generation owners of the business that was founded by their father in 1959. FinishMaster is a national distributor of automotive paints with 6,000 customers served out of its 165 locations. The acquisition served as a geographic expansion for FinishMaster, who will retain all employees and 9 locations in Central and Southwestern Ohio. Footprint led the process from start to finish.

Jim Volpe, President of Autobody, commented, “We were already part way along in the process when we contracted with Footprint. Josh, Wade, and their team significantly increased our offer and gave us a clearer path through closing. We greatly appreciate all their help.”

“We are excited to welcome more than 60 new team members who share our value of partnership and unparalleled service,” stated Steve Arndt, President and Chief Operating Officer of FinishMaster. “Together we will continue to support our customers by generating outstanding value through innovative solutions.”

“In addition to bringing further expertise and knowledge to our growing team, this acquisition expands our coverage in order to better serve customers in a key Ohio market,” added Henry Buckley, President and Chief Executive Officer of Uni-Select.

ABOUT AUTOBODY SUPPLY COMPANY

Since its founding in 1959, ABS has been a family-owned business focused on providing paint and related products to body shops through partnership. ABS provides comprehensive solutions for their customers including products, services, and full support of equipment sales, maintenance, installation, and repair. ABS had 9 locations in Central and Southwestern Ohio. For more information, visit: www.autobodysupply.com.

ABOUT FINISHMASTER

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 center customers. For more information, visit: www.finishmaster.com.

ABOUT 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 operate under Uni-Select store banner programs and corporate stores. For more information, visit: www.uniselect.com.

ABOUT FOOTPRINT CAPITAL

Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.