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By Hardik Patel
Looking for top-quality automotive and marine parts at unbeatable prices? Sherco Auto and Marine Supply has been a reliable source for Automotive Parts & Accessories, Electrical Wiring Supplies, Tire Supplies, and more for over 30 years!
We offer a full range of American-made products, including:
Wire Connectors & Terminals Heat Shrink Products Copper Battery Cables Cable Zip Ties Tire Patches & Plugs Valve Stems & Air Line Fittings All of our wiring supplies are made in the USA and come at the lowest prices online. We also stock shop and repair products to meet your every need.
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By Counterman
link hidden, please login to view announced link hidden, please login to view is the newest member of TruStar. Established in 2011, Parts Universe offers parts for internal combustion engines (ICE), electric vehicles (EVs), and marine applications, including connectors, fuses, cables, batteries, motor oils, and other components, a news release from APA explained. “After considering our options, TruStar seemed to offer more product lines and opportunities for sales growth,” said Mike Zhu, president of Parts Universe, who added that joining a buying group was recommended by sales representatives for better deals.
“We are excited to have Parts Universe join TruStar and are eager to see how our network and purchasing power will contribute to their expansion,” added APA President Steve Tucker.
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By Counterman
Driven Distribution, LLC, a warehouse distributor of automotive aftermarket hard parts, consumables and accessories backed by HCI Equity Partners, announced that it has acquired the auto parts and accessories distribution business of Chicago Parts & Sound. Financial terms of the transaction were not disclosed. This marks the second transaction in the Driven Distribution platform, following the recapitalization of Tri-State Enterprises, Inc. in November 2023.
Based in Elk Grove Village, IL, with additional locations in Illinois and Wisconsin, Chicago Parts & Sound is a warehouse distributor focused on automotive aftermarket parts, batteries, consumables and accessories. The Company serves auto dealerships, independent repair shops, municipalities, governments and company fleets.
Chicago Parts & Sound was founded in 1978 and acquired by Bob and Jackie Lederer in 2002. Since then, CPS has had a tremendous track record of success by providing value-added products and services to its clients, in addition to completing several acquisitions, according to a news release announcing the acquisition. Bob and Jackie said they are reinvesting in the Driven Distribution platform as part of the transaction and will continue to own and operate Police Department Systems (police and emergency vehicle upfitting services) and Coachcraft & Precision Services (specialty auto restoration services).
Bob Lederer, co-owner of CPS, said, “The history of Tri-State Enterprises is in many ways parallel to that of CPS – just in a different part of the country. Opportunities to combine businesses of such similar backgrounds, ideologies, culture, and customer focus make tremendous sense for all stakeholders in each company.”
“We are extremely impressed with the stellar business and established market reputation Bob and Jackie Lederer have built over the past 22 years. The combination of CPS and Tri-State as part of the Driven Distribution platform will enable us to expand our resources and capabilities to better serve our employees and customers,” said Tristan Taylor, CEO of Tri-State.
Scott Gibaratz, partner at HCI, added, “We are thrilled to welcome the CPS team to the Driven Distribution platform. Consistent with our original platform thesis, CPS represents a geographically strategic beachhead in the Midwest and is a great complement to Tri-State’s existing product categories. We look forward to working together to achieve our shared vision for growth.”
Dickinson Wright PLLC served as legal counsel to Driven Distribution and HCI.
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