Equicapita acquires auto repair franchisor Master Mechanic
Canadian private equity firm Equicapita has acquired The Master Mechanic Inc, a Mississauga, Ontario-based franchisor of aftermarket automotive maintenance and repair service centres. Terms weren't disclosed. The sellers were owner-operators Hugh Welsford and Jamie Holmes, who acquired the company in 2004. Established in 1982, Master Mechanic has 39 franchise locations throughout Ontario. The acquisition is Equicapita’s eleventh to date, its first in the automotive aftermarket maintenance and repair service space, and its third involving a franchise business. It was led by Managing Director Adam Jezewski.
10 April 2019•3 mins read
