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Alfar Capital backs 1-800-Radiator Canada in national aftermarket distribution platform

On June 30, 2026, Montréal-based private equity firm Alfar Capital announced a strategic partnership with 1-800-Radiator & A/C (Canada) ("1-800-Radiator Canada"), the largest multi-unit operator in the 1-800-Radiator franchise network in Canada. The transaction, completed through Alfar Capital Partners II, L.P. ("Fund II"), is structured as a platform investment intended to build a national distributor of aftermarket heat exchangers, air conditioning, emissions, and rotating electrical parts for light- and heavy-duty vehicles to build a national distributor of aftermarket heat exchangers, air conditioning, emissions, and rotating electrical parts for light- and heavy-duty vehicles. 1-800-Radiator Canada, founded in 2018 by Farhaan Thobani and Badal Davda, operates nine branches across Ontario and Alberta, supported by a central distribution hub in London, Ontario. The founders are retaining day-to-day management and reinvesting a significant share of their own equity; Georges Karam has joined as Executive Chairman. Management plans to grow to twenty or more locations across Canada by FY30 through new branches and acquisitions of smaller independent operators. Fasken acted as legal counsel, KPMG LLP as financial and tax due-diligence advisor, and National Bank of Canada acted as lender to Alfar Capital, with National Bank of Canada also acting as financial advisor to the management of 1-800-Radiator Canada. 

Company

1-800-Radiator Canada (1-800-Radiator & A/C (Canada))

Law Firm / Organization
Dentons Canada LLP
Lawyer(s)

Guillaume Savard

Company

Alfar Capital (Alfar Capital Management Inc., acting through Alfar Capital Partners II, L.P.)

Law Firm / Organization
Fasken Martineau DuMoulin LLP
Merger & Acquisition
Other
Undisclosed/Confidential
Closed