Vast-Auto Distribution, a subsidiary of Groupe Del Vasto, has signed an agreement with L’entrepôt pièces d’autos to form a joint venture partnership on the North Shore of Montreal.
The deal is expected to close on May 1, 2019.
Upon completion of the transaction, four store locations, including L’entrepôt pièces d’autos SainteThérèse, Auto Value Sainte-Thérèse, Auto Value Blainville and Auto Value Prévost will operate as a combined business unit under the Auto Value brand.
This new entity will be well positioned to better serve customers in the region.
Marc Lafleur and Yves Raymond, current co-owners of L’entrepôt pièces d’autos, will operate the new company as General Manager and Operations Manager respectively.
The new business will have a very strong emphasis on customer service and finding new ways to grow market share.
“This partnership ties very well into our strategic plan and supports our commitment to improve our services to professional installers through our parts stores. We will also be relying heavily on our channel partners to help us through the transition,” said Mauro Cifelli, President and CEO of Groupe Del Vasto.
“This strategic partnership will position us to deliver on our commitment to service, through broad assortments, depth of inventory, latest technology, rapid delivery and competitive pricing,” added Marc Lafleur.