Fix Auto World announced an agreement to purchase the assets of 11 glass and automotive aftermarket companies, previously owned by the Skidmore Group, a privately held, diversified portfolio company, with over 70 years of history. By way of this acquisition, Fix Auto will benefit from the brands’ long term position in the North American and international markets and their solid ties to a loyal customer base.
Through this acquisition, Fix Auto World is purchasing the assets of Novus Glass Inc., Novus Franchising Inc., Speedy Auto Glass USA Inc., TCGI Australia PTY Ltd., TCGI (Jersey) Ltd., Novus Inc., Windshields.Com Inc., Transamerica Glass Inc., Splashes Auto Spa Inc., Shat R Proof Corp. and Windshield Doctor Canada Ltd.
“By acquiring the assets of these companies and combining them with our existing Fix Auto network, we are creating the opportunity to provide complete automotive aftermarket services to our customers and partners all over the world,” said Steve Leal, President and CEO of Fix Auto World. "We will be growing our network by over 1,200 franchise, corporate and affiliate locations worldwide, raising the Fix Auto network’s global numbers to over 2,000 franchise, retail, repair, affiliate, distribution and manufacturing locations globally in over 40 countries. This underscores our commitment to forming a comprehensive aftermarket solution for consumers and is sure to create entrepreneurial opportunity for our franchisees to grow and develop their businesses."
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Skidmore Group President Garry Skidmore said that Speedy Glass USA and Novus Glass will benefit from Fix Auto World’s global market position, premium brand recognition, product portfolio and proven track record leveraging supplier and insurer relations and developing sales channels for franchisees. He said: "The teams at Speedy Glass USA and Novus Glass are excited to play a key role in Fix Auto’s growth strategy. Joining forces with Fix Auto will further enhance the brands' abilities to dominate the industry as innovative leaders in glass repair and solutions.” The Skidmore Group will retain corporate Novus locations in British Columbia, and looks forward to remaining a part of the global Novus family.
The acquisition, which is expected to close on April 28th, 2017, allows Fix Auto World to leverage its strengths and product offering to provide a total solution to the auto glass and collision market, while achieving significant growth in its primary market channels.