Announced
Completed
Synopsis
National Bank Private Investment, a wealth management company, completed the acquisition of a 30% stake in Unimax, an automotive tire distribution and manager of various banners. Financial terms were not disclosed. "The National Bank group is proud to support Unimax and its growth plan. It's a company that is thriving and contributes to the economic growth of our many regions. There's no denying that Unimax is a business success story with many chapters still to be written. This is thanks in large part to the energy of its employees, shareholders, and partners who are all strongly committed to Unimax and its promise to deliver quality that meets the highest customer-experience standards. They will also be able to count on our support as a major partner and benefit from our understanding of the Canadian market to help them serve more communities," Luc Ménard, National Bank Executive Vice-President, Managing Director and Head of Private Investments.
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