Uptick in M&A activity suggests a turnaround
Fourth quarter helps to bolster 2010 deal-making.
Fourth quarter helps to bolster 2010 deal-making.
FinishMaster Inc.’s shareholders this week approved a deal to sell the Indianapolis-based company to a subsidiary of Uni-Select Inc. for $172 million.
Indianapolis-based FinishMaster Inc. announced late Thursday it will be acquired by a unit of Uni-Select Inc. of Canada for $172 million.
The Indianapolis-based distributor of automotive paints and accessories reported that its second-quarter profit dipped nearly
2 percent, to $3.7 million, from the same period a year earlier.
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period a
year ago.