M&A Deal Summary

Argyle Capital Acquires Mufflerman

On May 11, 2021, private equity firm Argyle Capital acquired automotive company Mufflerman

Acquisition Highlights
  • This is Argyle Capital’s 1st transaction in the Automotive sector.
  • This is Argyle Capital’s 2nd transaction in Canada.
  • This is Argyle Capital’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2021-05-11
Target Mufflerman
Sector Automotive
Buyer(s) Argyle Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Mufflerman

London, Ontario, Canada
Mufflerman is an auto repair shop operating throughout Southwestern Ontario. Mufflerman operates out of its 12 corporate-owned locations and is focused on providing complete automotive repair and service to all aspects of the vehicle. Mufflerman was formed in 1964 and is based in London, Ontario.

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Buyer(S) 1

DESCRIPTION

Argyle Capital is a private equity firm focused on control investments in lower-middle market Canadian companies. Argyle seeks stable, family-owned and service-oriented businesses with up to $15 million of EBITDA. Sectors of interest include the automotive, distribution, manufacturing, and consumer services industries, however the company generally avoids high-tech industries and commodity providers. Argyle Capital was established in 2016 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-22 Footage Tools

Vaughan, Ontario, Canada

Footage Tools is a manufacturer of premium tools for use in the gas, water, and underground utility markets globally. Footage produces niche products using the highest quality materials and manufacturing processes. Footage Tools was founded in 1982 and is based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Footage Tools

Vaughan, Ontario, Canada

Footage Tools is a manufacturer of premium tools for use in the gas, water, and underground utility markets globally. Footage produces niche products using the highest quality materials and manufacturing processes. Footage Tools was founded in 1982 and is based in Vaughan, Ontario.

Sell -