Announced

Completed

ASG Auto Service Repair Group completed the acquisition of The Mufflerman from Argyle Capital Partners.

Synopsis

ASG Auto Service Repair Group, a Canadian automotive repair services platform, completed the acquisition of The Mufflerman, an Ontario-based automotive repair and maintenance provider, from Argyle Capital Partners, a Toronto-based private equity firm. Financial terms were not disclosed. "We are thrilled to be entering a new stage in our growth and evolution. Over the last 4.5 years Argyle Capital Partners have provided tremendous strategic vision and leadership. Along with our entire team of over 155 employees, Glenn and I would like to thank Argyle, and we look forward to continued success in building The Auto Service Group into one of the preeminent automotive aftermarket companies in Canada. We are well positioned to continue our M&A strategy, integrating new businesses into our purpose built operational and capital infrastructure," Costa Haitas, The Auto Service Group President.

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