Vast-Auto Distribution, a subsidiary of Groupe Del Vasto, has entered into a definitive agreement to acquire substantially all of the assets of Canadian Auto Parts Suppliers (C.A.P.S.).
The parties expect the transaction to close on Nov. 30, subject to customary closing conditions.
Vast-Auto Distribution is a well-established distributor of automotive parts in Eastern Canada, and a shareholder of the Aftermarket Auto Parts Alliance.
Over the course of its 22 years, Canadian Auto Parts Suppliers has established itself as a dominant parts wholesaler and retailer in Canada’s capital city of Ottawa. Founded in 1999 by Charles “Chuck” Berthiaume, C.A.P.S. has been committed to servicing both professional installers and do-it-yourself customers through a wide product assortment and an exceptionally qualified staff of auto parts specialists.
“I am delighted to have chosen to sell my business to Vast-Auto Distribution, which has clearly established itself as a leading Canadian distributor within the automotive aftermarket,” Berthiaume said. “With a view to the sustainability of the business, and after working in the automotive sector for most of my career, the decision to sell was not easy to take, but today, I know that this choice is the best for the future of C.A.P.S. and our loyal customers and employees.”
The completion of this transaction plays a pivotal role for Vast-Auto Distribution in its continued market share expansion strategy in Eastern Canada.
“We are thrilled to welcome C.A.P.S. and all 60 of its team members and its entire customer base to Groupe Del Vasto,” said Mauro Cifelli, president and CEO of Groupe Del Vasto. “We are confident that our culture and our commitment to taking care of our customers and employees, will fit hand in glove with Canadian Auto Parts Suppliers longtime way of doing business. Moreover, we are extremely pleased to announce that Ghazi Mankal, a seasoned aftermarket business professional who has been with C.A.P.S. since the early beginning, will continue in his role as general manager and business associate, which will allow for a smooth transition.”
This transaction will position C.A.P.S. to enhance its services and operational effectiveness through access to Vast-Auto’s robust supply chain, including its Ottawa distribution center, and leverage of its technology platforms.