Fredericton Chips Away & Krown Rust
July 5, 2023 · 2 mins
Fredericton Chips Away & Krown Rust Control Transitions to New Ownership
Fredericton, NB: We are pleased to announce that previous owners, Robert and Tanya Graham, have sold Fredericton Chips Away & Krown Rust Control to Roadsport Auto Group which is led by its President, Chris Gauthier. The selling process was led by Confederation M&A.
In 1994, Rob and Tanya opened Chips Away which specializes in minor collision and paint chip repairs. Two years later, Rob was introduced to Krown Rust Control. Starting out with Krown Rust Control, he was completing applications to family and friends, but quickly realized the benefits of the application and pivoted to offer it as a service of the business. Today, the business operates on Greenview Drive in a facility that was constructed in 2018.
“We are very much appreciative of the staff that have been with us throughout the almost 30 years Rob and I have been in business,” shared Tanya. “We are also very thankful for the many long-standing customers who come back year after year for their annual rustproofing. We are confident that our staff and customers are in good hands with Chris and his team at Roadsport Auto Group.”
Roadsport Auto Group has three dealerships in the Greater Toronto Area, including Roadsport Chrysler, Roadsport Honda and Roadsport Ariel. Additionally in Ontario, the group owns Chatham Honda. In New Brunswick, the group owns three dealerships in Fredericton, including Riverview Ford, Riverview Lincoln and Riverview Honda.
As per Chris, “Fredericton Chips Away & Krown Rust Control is an ideal complement to the Roadsport Auto Group’s presence in Fredericton and offers a range of potential synergies with our local businesses. Rob and Tanya have an excellent reputation in the industry and a well-rounded team. We look forward to meeting their many loyal customers over the coming months.”
The sale was effective July 1st, 2023.
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.
MORE INFORMATION:
Bob Brown
Partner, Confederation M&A
Telephone: (506) 451-1850
Email: bob.brown@confederationgroup.ca