Description of Transaction
Sequeira Partners was engaged by Modern’s founder to realize on the value created over decades of entrepreneurship and assist with identifying the right partner to realize the next phase of growth for the Company. The Sequeira team provided advisory assistance throughout the transaction process including marketing the business to a range of prospective partners, negotiating preliminary and final deal terms, advising on the structure and consideration mix, and assisting with due diligence and other pre-closing matters.
The sale to AutoCanada positions Modern to accelerate its growth strategy, leveraging AutoCanada’s established dealership network, operational scale, and access to capital to expand capacity, enhance service offerings, and further entrench Modern’s leadership in the luxury collision repair segment.
Modern Auto Body
Modern Autobody Ltd. (“Modern”) is a premium, Edmonton-based collision repair center specializing in luxury and OEM-certified repairs. The Company has established a strong reputation for technical excellence, servicing a broad range of high-end automotive brands, including BMW, Mercedes-Benz and Porsche, and is recognized as a leading certified collision repair provider in Northern Alberta.
AutoCanada
AutoCanada Holdings Inc. (“AutoCanada”) is a leading North American automotive dealership group and collision center consolidator. Headquartered in Edmonton, the Company operates a diversified platform of automotive retail and service businesses, with a strategic focus on expanding its collision repair capabilities and leveraging its dealership network to drive referral volume and operational synergies.
