Fredericton, NB: Wonder Auto & Tire has been transitioned to a new ownership group, effective April 17, 2023. The previous owners, Jim Hatto, Randy Seymour and Tim Wright, announced today that they have sold the business to Dave O’Leary. The deal was facilitated by Confederation M&A, a mergers & acquisition firm with offices in Charlottetown, Fredericton, Halifax and Ottawa.
The business was established in 1977 by Dale, Mac and Brian Fox when Wonder Muffler opened its doors on Regent Street in Fredericton, New Brunswick. Over the 45 years the business has been operational, additional services and locations were added. Jim, Randy and Tim became shareholders in the business in 2007. Today, the business offers a wide range of automotive repairs and maintenance services to a variety of vehicles, including passenger cars, trucks, mini-vans and SUVs. Wonder Auto & Tire has eight high-profile locations in the two provinces, including two locations in Fredericton (Prospect Street and Main Street), Moncton, Riverview, Saint John, Oromocto, New Glasgow and Halifax. The business has been a dealer with the OK Tire Group since 2015.
“Randy, Tim and I are pleased that Dave O’Leary will be taking over the business” shared Jim. “Dave has a strong reputation in the automotive industry and we firmly believe that Wonder Auto & Tire is an excellent fit with Shift Auto Group. Staff and customers are in good hands with the experience and dedication that Dave and his team will bring to the business.”
Dave O’Leary has been heavily involved in the auto industry in Atlantic Canada for decades now and in 2015 he started up Shift Auto Group. Operating under Shift Auto Group are Fredericton Mitsubishi, Volvo Cars New Brunswick, ReCar (Fredericton, Saint John, Moncton and Woodstock), Grand Falls Hyundai, Miramichi Kia and Kissimmee CarOne. “Randy, Jim and Tim have run a very successful business model over the years across the eight locations. They have built a strong group of managers and technicians with loads of experience in the automotive industry. I firmly believe that Wonder Auto & Tire is an excellent fit for Shift Auto Group, especially with ReCar which has locations in three of the Wonder Auto & Tire sites.”
Confederation M&A is a team of highly experienced mergers & acquisitions advisors with offices in Prince Edward Island, New Brunswick, Nova Scotia and Ontario. They’re the leading M&A firm in the region serving a diverse range of clients across a wide range of industries. They work confidentially and in unison with accounting, valuation, and tax specialists to find the best possible solutions to help entrepreneurs achieve their buying and selling needs. Visit www.confederationgroup.ca to learn more.
Partner, Confederation M&A
Telephone: (506) 476-8221