FIX AUTO RECEIVES $8.2M INVESTMENT TO FUEL GROWTH
Investment from La Caisse de dépôt et placement du Québec to help accelerate
Collision Repair network growth in Canada and Internationally
Blainville (Quebec), July 6, 2015 – Steve Leal, President of Fix Auto Canada, is proud to announce that Fix Auto has secured an investment of $8.2M from La Caisse de dépôt et placement du Québec, to help accelerate expansion of the network in Canada and globally.
“Having a long-term financial partner gives us the agility that we need to achieve our aggressive growth targets,” says Steve Leal. “And having the Caisse on board is a major vote of confidence in the Fix Auto network.”
The investment comes in the form of both equity share purchases and subordinated debt, and is to be split between Fix Auto’s Canadian and International operations, to help accelerate growth through strategic acquisitions and investments in Canada and around the world.
“This partnership with the Caisse de dépôt et placement du Québec is also a symbol of our commitment towards the Quebec market. Fix Auto is a Canadian success story which is now on the global scene, and given the pace of our international growth plans, we are truly proud keep our roots planted here.”, adds Leal.
About Fix Auto
Fix Auto Canada is the largest branded network of body shops in Canada, with over 215 independently-owned Collision Centres across the country, all offering a full range of collision repair services and maintaining the same high standards of quality, ethics and performance.
Founded in 1992, Fix Auto is the global body shop network, now encompassing over 360 locations worldwide. For more information, please visit www.fixauto.com.
Media Contact :
Vice President of Marketing
Fix Auto Canada