Mergers and Aquisitions

Toromont Industries Ltd. Bulks Up With Hewitt Group Buy.

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Major Canadian Caterpillar dealer Toromont Industries Ltd (TSE: TIH CN) recently announced a deal to acquire Hewitt Group, a large Caterpillar dealer with 45 branches across Eastern Canada and approximately 2,000 employees. The deal was very well received by investors, who sent TIH stock up nearly 5% when the deal was announced on August 28.

You can read the announcement here:

https://www.toromont.com/newsdetails.asp?ReleaseID=1038349

You can click the link below to see my write up on TIH and why I believe it is an attractive investment for the long-term investor:

Heavy Duty Success: Toromont Industries Ltd.

 

 

 

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Genuine Parts Company Announces Major European Move and Investors Applaud!

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Dividend favorite Genuine Parts Company (NYSE: GPC) announced a near $2B move to enter the European market with a deal to acquire Alliance Automotive Group; sending GPC shares up more than $5 or nearly 6% on the day.

While not cheap, I believe today’s deal makes the company even more attractive for the long-term investor looking for a well-run business operating in an attractive sector.

Check out my original post on GPC from October 2015:

Tuning Your Car’s Engine…And Your Portfolio.

 

 

When Two Isn’t Always Better Than One.

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After the fallout from Reliance Jio’s entry into the Indian mobile market, investors in Indian telecom companies got excited over the weekend with the news of a potential tie-up between Vodafone Group Plc’s mobile unit in that country and Idea Cellular Limited, currently India’s third largest mobile provider.

While India has a massive population and offers significant long-term growth potential in the form of both voice traffic and data (not even considering mobile money applications like MPesa), the billions of dollars needed to build out networks and continually invest in spectrum combined with 11 mobile providers meant that profits remain far lower than had hoped for.

Cell phones in India have become a commodity, and its not uncommon to see people with two mobile phones. Consolidation in the market was long overdue and while I was expecting the likes of Telenor India and Tata DoCoMo to lead a march toward consolidation, I’m glad the possibility of it actually happening is increasing.

You can read the Bloomberg article here:

https://www.bloomberg.com/news/articles/2017-01-30/vodafone-in-talks-to-merge-india-unit-with-idea-cellular

Battle Of The Billionaires (Berlusconi versus Bolloré).

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I can’t wait to see how this plays out:

http://www.forbes.com/sites/marcelmichelson/2016/12/15/bollore-squares-up-to-berlusconi-in-italian-media-war/#568d22f66fac

http://www.economist.com/news/business/21711957-doing-so-he-taking-silvio-berlusconi-former-italian-prime-minister-frances-corporate

 

Penske Automotive Group (NYSE: PAG) Expands Network With Italy Buy.

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The deal was announced on October 3:

http://www.prnewswire.com/news-releases/penske-automotive-expands-presence-in-italy-300337902.html

Click below for my take on why I believe PAG is a good investment:

Kicking The Tires On A New Car…And On A New Investment.

Diapers Get Messy…But Could Be A Good Business To Be In.

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A Morgan Stanley-backed investment fund recently announced it has taken a  stake in baby and adult diaper maker DSG International Thailand:

http://www.reuters.com/article/us-dsg-intl-th-morgan-stanley-m-a-idUSKCN12B10H

Groupe Bruxelles Lambert, a Belgium-based investment holding company which I believe is a good long-term hold and is up nearly 15% in EUR terms since my post (ABC, DEF, GBL?), also has exposure to a similar business via its investment in Belgium’s Ontex (www.ontexglobal.com).

I am going to go out on a limb here, but it looks like the smart money may be in diapers.

 

This Owl Was Hungry! Alimentation Couche-Tard Continues To Lead Consolidation In The Convenience Store Industry.

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Convenience store powerhouse Alimentation Couche-Tard continued along its consolidation path Continue reading →

Locked and Loaded: Warren Buffett’s Elephant Gun.

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Apparently Warren Buffett’s Berkshire Hathaway Inc. is sitting on a record pile of cash; USD$72.7B as at June 30, 2016. This record-breaking kitty has everyone in the investment world guessing where (in addition to when and if) Warren will go “hunting”. Will the “Oracle of Omaha” look to scoop up another major industrial player like he most recently did with Precision Castparts Corp., or seek to expand his insurance operations like he did with the much smaller purchase of Medical Liability Mutual Insurance Company.

http://www.bloomberg.com/news/articles/2016-08-08/buffett-cash-pile-climbs-to-72-7-billion-setting-record-chart

http://www.bloomberg.com/gadfly/articles/2016-08-08/buffett-s-berkshire-hathaway-transforms-again