M&A Deal Summary

Glentel Acquires Automotive Technologies

On November 30, 2012, Glentel acquired retailer Automotive Technologies for 83M USD

Acquisition Highlights
  • This is Glentel’s 3rd transaction in the Retail sector.
  • This is Glentel’s largest (disclosed) transaction.
  • This is Glentel’s 2nd transaction in the United States.
  • This is Glentel’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2012-11-30
Target Automotive Technologies
Sector Retail
Buyer(s) Glentel
Deal Type Add-on Acquisition
Deal Value 83M USD

Target

Automotive Technologies

Middletown, Connecticut, United States
website
Automotive Technologies, Inc. (“ATI”) dba Wireless Zone®, a 428-store franchise system in the United States that sells Verizon Wireless products and services.

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Buyer(S) 1

Buyer

Glentel

Burnaby, British Columbia, Canada

website

Category Company
Sector Retail
DESCRIPTION

Glentel is a mobile phone retailer in Canada. The company has three operating divisions - Canadian Retail, American Retail, and a business division.

DEAL STATS #
Overall 3 of 3
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 Mac Station Technologies

Vancouver, British Columbia, Canada

Mac Station is an authorized Apple Retail Specialist with three stores located in Vancouver, Burnaby, and Abbotsford, British Columbia.

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