Leader Auto Resources (LAR), Inc.
| ISIN | 🆔 |
|---|---|
| Industry | Automotive, Supply chain solutions, Distribution |
| Founded 📆 | 1980 |
| Founder 👔 | Fred Pechet (co-founder)[1], Jean-Marc Bourassa (co-founder)[1] |
Area served 🗺️ | North America |
| Revenue🤑 | US$250,000,000[1] |
| Members | |
Number of employees | |
| 🌐 Website | http://larnet.com/en/home/ |
| 📇 Address | |
| 📞 telephone | |
Leader Auto Resources (LAR), Inc. is a Group buying organization for automotive dealerships and collision centers in North America.[2]
The company's business model is to buy products in high volumes allowing it to obtain reduced prices.[3] The products are then sold to its customer base. This is an example of a group purchasing organization (GPO).
The company's customer base consists of approximately 2,000 dealer franchises and 270 collision centers in Canada and the United States.[4]
The products and services sold by LAR include high-volume and private-label products; direct products and services, which provides negotiated rates; equipment for the buildout or retrofit of new dealerships and collision centers; technical support and training.[2]
US Expansion[edit]
LAR and Resilience Capital Partners, a Cleveland-based private equity firm, announced they will partner to expand LAR's dealership sourcing and service business in the U.S.[3][4][5][6][7][8] As part of the partnership, Resilience Capital Partners will acquire a 40% equity stake in LAR[9]. The law firm of Jones Day advised on the transaction.[7]
LAR's US operations were subsequently re-branded as DealerShopTM.[4][8][10]
References[edit]
- ↑ 1.0 1.1 1.2 "A special tribute to the founders of LAR". Canadian Auto Dealer. Canadian Auto Dealer, Inc. Retrieved 27 June 2020.
- ↑ 2.0 2.1 "Leader Auto Resources LAR Inc. (LAR) reaches quarter billion dollar financial threshold". Canadian Auto Dealer. Canadian Auto Dealer. 24 October 2012. Retrieved 26 July 2020.
- ↑ 3.0 3.1 Adam, Burroughs (1 April 2020). "Resilience Capital Partners invests in Leader Auto Resources". Smart Business Dealmakers. Smart Business Dealmakers. Retrieved 26 July 2020.
- ↑ 4.0 4.1 4.2 "Canada's Leader Auto Resources Announces Investment Partner, U.S. Business Unit to be Relaunched as DealerShop" (Markets Insider). Insider Inc. and finanzen.net GmbH. March 30, 2020. Retrieved 27 June 2020.
- ↑ "Resilience Capital acquires minority stake in Canadian car dealers buying group Leader Automotive Resources". Crain's Cleveland Business. 2020-04-16. Retrieved 2020-06-27.
- ↑ SHEN, LUCINDA (March 31, 2020). "Late-stage ventures are starting to shop in the public markets". FORTUNE. FORTUNE. Retrieved 26 July 2020.
- ↑ 7.0 7.1 "Cases & Deals: Resilience Capital acquires 40% stake in LAR | Experience". www.jonesday.com. Jones Day. Retrieved 26 July 2020.
- ↑ 8.0 8.1 McNulty, John (1 April 2020). "Resilience Creates DealerShop". Private Equity Professional. Retrieved 26 July 2020.
- ↑ "Resilience Capital acquires minority stake in Canadian car dealers buying group Leader Automotive Resources". Crain's Cleveland Business. 2020-04-16. Retrieved 2020-11-05.
- ↑ Merchant, Maryam. "Resilience Capital invests in Leader Auto Resources". www.spglobal.com. S&P Global Market Intelligence. Retrieved 26 July 2020.
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