Vehicle accessories are an untapped profit centre for automotive dealerships. Accessible Accessories, a growing Alberta-based business, created a web-based platform to help dealerships sell accessories more effectively. The company was established 19 years ago and has 680 automotive franchised dealership customers across Canada.
Shareholders at Accessible Accessories needed help with navigating the selling process through unprecedented economic challenges and industry supply chain issues. From preparation of the Confidential Information Memorandum to closing documentation, we were with them each step of the way and helped them to find a suitable buyer and negotiate a deal to maximize shareholder value. Our team’s client-centric approach provided meaningful advice so that Accessible Accessories could make critical decisions with peace of mind.
Client
Accessible Accessories
Transaction type
Divestiture
Services provided
M&A
Sector
SaaS
Close date
April 1, 2022
"The team at Grant Thornton helped us to find a buyer during the challenging economic times of the pandemic. Not only did this deal help maximize value for our shareholders, we also found a buyer who understands our company and cares about our customers. The Grant Thornton team provided a level of expertise that was critical in negotiating and closing the sale of our business. The result is that we can move into the next phase of life confident that our business legacy lives on and our employees are taken care of. We couldn’t be more thrilled with how everything worked out!"
Don Doonan, President
Accessible Accessories
