XPEL Announces North American Acquisitions

XPEL, a provider of protective films and coatings, has acquired five businesses in the United States and Canada from two sellers, the company announced.

Companies acquired in Canada:

  • Shadow Shield: A distributor of paint protection film and window film to customers in Canada with locations in Calgary, Alberta and Mississauga, Ontario.
  • Shadow Tint: An installer of paint protection and window film operating in Calgary, Alberta.
  • North 1 Technologies: A software company providing software and patterns for cutting paint protection film to customers under the FilmWraps brand.

Companies acquired in the United States:

  • One Armor: An Installer of paint protection and window film in Phoenix, Arizona.
  • Tint Net: A high-volume installer of automotive window film providing on-site service serving mostly mid-range new car dealerships in Arizona.

The combined purchase price of these acquisitions is approximately $20.1 million, according to the company, and is subject to customary adjustments, including working capital adjustments. These acquisitions closed on Oct. 1.

“XPEL remains a willing buyer of businesses that expand upon our core strategies, from sellers that are looking for their next journey with a winning and dynamic team,” said Ryan Pape, president and chief executive officer of XPEL. “These acquisitions are consistent with our go-to-market strategy and our desire to add top talent to the team.”

By A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at ahecht@cahabamedia.com.