“Since acquiring Master Mechanic in 2004, Hugh Welsford and Jamie Holmes, Master Mechanic’s owner-operators, have consistently grown system revenue and strengthened the business’ operating processes, brand and presence in the communities that Master Mechanic serves,” Jesewski said. The acquisition of the 39-location chain of franchised repair shops was completed in April, led by Equicapita’s managing director for Eastern Canada, Adam Jezewski.Īccording to a company press release, the opportunity to acquire a successful automotive aftermarket maintenance and repair service business with a diverse and growing base of recurring royalty revenue added industry diversification to Equicapita’s investment portfolio and continued its growth into Eastern Canada. “We’re focused on building value in companies,” he said. He was vice president of business development for Panago Pizza, before hooking up with Equicapita which shares his passion for helping companies get to higher levels of efficiency and profitability. Wylie comes to the automotive aftermarket from the food services industry. “From there we’re going to focus on organic growth and scalability.” That’s been my whole objective,” he told Auto Service World. “My focus has been on making sure things are running smoothly and that the franchisees are well taken care of. Todd Wylie joined the company earlier this year, shortly after it was purchased by Canadian-based private equity firm Equicapita. The new president of the Ontario-based Master Mechanic repair shop franchise says he brings a background in franchising that will help the company grow in the coming years. Steve Johnson (left) and Todd Wylie at Master Mechanic’s head office in Mississauga.
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