Latest news with #ArgyleCapitalPartners
Cision Canada
7 days ago
- Automotive
- Cision Canada
The Mufflerman Inc. announces recapitalization and rebranding
TORONTO, Aug. 13, 2025 /CNW/ - The Mufflerman Inc., a portfolio company of Argyle Capital Partners Management Inc. ("Argyle") has undertaken a recapitalization and rebranding, culminating in the creation of ASG Auto Service Repair Group Inc. ("The Auto Service Group") and an exit of Argyle from the investment. The Mufflerman was built through six acquisitions and now consists of six brands, 29 locations across Ontario and is focused on the service and repair of cars, light vans, trucks and fleets. Going forward the group will be rebranded to Auto Service Group with all individual brands continuing operations with no changes. The recapitalization was led by the existing operational management team of Glenn Gatcliffe (Director), and Costa Haitas (President) who will continue to provide leadership to The Auto Service Group. The transaction was financed by original investors, participation of new investors and with the support of Toronto-Dominion Bank and BDC Capital Inc. Costa Haitas, President of The Auto Service Group said, "We are thrilled to be entering a new stage in our growth and evolution. Over the last 4.5 years Argyle Capital Partners have provided tremendous strategic vision and leadership. Along with our entire team of over 155 employees, Glenn and I would like to thank Argyle, and we look forward to continued success in building The Auto Service Group into one of the preeminent automotive aftermarket companies in Canada. We are well positioned to continue our M&A strategy, integrating new businesses into our purpose built operational and capital infrastructure." About Auto Service Group: About Argyle Capital Partners: Founded in 2016, Argyle Capital Partners is a Toronto-based private equity firm focused on partnering with family-owned businesses in Canada's lower middle market. Argyle invests in traditional businesses in industrial products, manufacturing, distribution, and business services.
Associated Press
08-05-2025
- Automotive
- Associated Press
The Mufflerman Inc. Acquires 4 Aces Auto Centre
TORONTO, May 8, 2025 /CNW/ - The Mufflerman Inc. ('The Mufflerman'), a portfolio company of Argyle Capital Partners, has completed its 5th tuck-in and acquired 4 Aces Auto Centre ('4 Aces') located in Peterborough, ON. The transaction closed on April 30th, 2025. 4 Aces has been offering premium auto repair and service in Peterborough for over 20 years. 4 Aces was owned and operated by Darryl Breadner. Darryl and all employees will be remaining with the business. 4 Aces will continue to operate as an independent auto mechanical garage within The Mufflerman Group. Costa Haitas, President of The Mufflerman, said: 'We are thrilled to welcome 4 Aces into our family of brands. Darryl and his team have established an exceptional service centre in the Peterborough market, renowned for their commitment to excellence and customer satisfaction. Their dedication to quality, service and trust perfectly aligns with our values, and we look forward to achieving great success together.' About The Mufflerman Inc. Founded in 1964, The Mufflerman is a leading auto repair shop network operating throughout the Greater Toronto Area and Southwestern Ontario. The network boasts 29 locations, 21 of which operate as corporate-owned locations, through 5 different brands including The Mufflerman, EuroMechanic and Fleet Specialties, Sil's, 4 Aces as well as 8 franchised locations under the Superior Tire & Auto brand. About Argyle Capital Partners Founded in 2016, Argyle Capital Partners is a Toronto-based private equity firm focused on partnering with family-owned businesses in the lower middle market. Argyle traditionally focuses on old economy, industrial products businesses within service, manufacturing, and distribution. SOURCE The Mufflerman Inc.
Cision Canada
08-05-2025
- Automotive
- Cision Canada
The Mufflerman Inc. Acquires 4 Aces Auto Centre
TORONTO, May 8, 2025 /CNW/ - The Mufflerman Inc. ("The Mufflerman"), a portfolio company of Argyle Capital Partners, has completed its 5 th tuck-in and acquired 4 Aces Auto Centre ("4 Aces") located in Peterborough, ON. The transaction closed on April 30 th, 2025. 4 Aces has been offering premium auto repair and service in Peterborough for over 20 years. 4 Aces was owned and operated by Darryl Breadner. Darryl and all employees will be remaining with the business. 4 Aces will continue to operate as an independent auto mechanical garage within The Mufflerman Group. Costa Haitas, President of The Mufflerman, said: "We are thrilled to welcome 4 Aces into our family of brands. Darryl and his team have established an exceptional service centre in the Peterborough market, renowned for their commitment to excellence and customer satisfaction. Their dedication to quality, service and trust perfectly aligns with our values, and we look forward to achieving great success together." About The Mufflerman Inc. Founded in 1964, The Mufflerman is a leading auto repair shop network operating throughout the Greater Toronto Area and Southwestern Ontario. The network boasts 29 locations, 21 of which operate as corporate-owned locations, through 5 different brands including The Mufflerman, EuroMechanic and Fleet Specialties, Sil's, 4 Aces as well as 8 franchised locations under the Superior Tire & Auto brand. About Argyle Capital Partners Founded in 2016, Argyle Capital Partners is a Toronto-based private equity firm focused on partnering with family-owned businesses in the lower middle market. Argyle traditionally focuses on old economy, industrial products businesses within service, manufacturing, and distribution.
