M&A Deal Summary

XPEL Acquires Protex Canada

On January 30, 2020, XPEL acquired automotive company Protex Canada for 3M CAD

Acquisition Highlights
  • This is XPEL’s 4th transaction in the Automotive sector.
  • This is XPEL’s largest (disclosed) transaction.
  • This is XPEL’s 2nd transaction in Canada.
  • This is XPEL’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2020-01-30
Target Protex Canada
Sector Automotive
Buyer(s) XPEL
Deal Type Add-on Acquisition
Deal Value 3M CAD

Target

Protex Canada

Terrebonne, Quebec, Canada
website
Protex Canada is a wholesale-focused paint protection film installation business. Protex Canada is based in Terrebonne, Quebec.

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Buyer(S) 1

Buyer

XPEL

San Antonio, Texas, United States

website

Category Company
Founded 1997
Sector Automotive
Employees330
Revenue 324M USD (2022)
DESCRIPTION

XPEL is a producer of automotive paint and headlamp protection films with over 70,000 vehicle-specific applications and a worldwide network of trained installers. Xpel was founded in 1997 and is based in San Antonio, Texas.

DEAL STATS #
Overall 11 of 19
Sector (Automotive) 4 of 7
Type (Add-on Acquisition) 11 of 19
State (Quebec) 2 of 2
Country (Canada) 2 of 5
Year (2020) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Apogee

Taiwan

Apogee Corporation is a distributor of automotive paint protection and window film. Apogee Corporation is based in Taiwan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 France Auto Racing

Ouges, France

France Auto Racing is a distributor of automotive paint protection film serving France. France Auto Racing is based in Ouges, France.

Buy -
Mergr

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