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Leader Auto Resources (LAR), Inc.

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Leader Auto Resources (LAR), Inc.
ISIN🆔
IndustryAutomotive, 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
🌐 Websitehttp://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. 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. 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. 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. 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.
  5. "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.
  6. SHEN, LUCINDA (March 31, 2020). "Late-stage ventures are starting to shop in the public markets". FORTUNE. FORTUNE. Retrieved 26 July 2020.
  7. 7.0 7.1 "Cases & Deals: Resilience Capital acquires 40% stake in LAR | Experience". www.jonesday.com. Jones Day. Retrieved 26 July 2020.
  8. 8.0 8.1 McNulty, John (1 April 2020). "Resilience Creates DealerShop". Private Equity Professional. Retrieved 26 July 2020.
  9. "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.
  10. Merchant, Maryam. "Resilience Capital invests in Leader Auto Resources". www.spglobal.com. S&P Global Market Intelligence. Retrieved 26 July 2020.

Category:Automotive Category:Purchasing consortia Category:Industrial supply companies Category:Distribution companies by country


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Leader Auto Resources (LAR), Inc.[edit]

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