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By Counterman
link hidden, please login to view announced the launch of link hidden, please login to view, a new automotive aftermarket distribution platform. The launch coincides with Driven Distribution Group’s acquisition of the auto parts and accessories distribution business of Chicago Parts & Sound, following the recapitalization of Tri-State Enterprises, Inc. in November 2023. Financial terms of the transaction were not disclosed. By bringing together CPS and Tri-State under the Driven Distribution Group umbrella, HCI said it “aims to establish a leading platform in the automotive aftermarket industry by equipping its brands with shared resources, strategic vision, investment and advanced technology to enable its companies to deliver best-in-class customer service.” Both CPS and Tri-State will continue to operate under their respective brands, while benefiting from the shared resources of the Driven Distribution Group platform.
“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,” said Scott Gibaratz, partner at HCI.
Chicago Parts & Sound, based in Elk Grove Village, IL, with additional locations in Illinois and Wisconsin, 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.
Bob Lederer, co-owner of CPS, said, “the growth of Tri-State Enterprises parallels that of CPS – just in a different part of the country. Opportunities to combine businesses of such similar backgrounds, 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 Group platform will enable us to expand our resources and capabilities to better serve our employees and customers,” said Tristan Taylor, CEO of Tri-State.
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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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By Counterman
link hidden, please login to view has updated its annual DataMac Canadian Distribution report. With 119 Canadian businesses serving the medium- and heavy-duty commercial vehicle industry (dealers, distributors, HDDs, independent garages, auto parts stores and others) providing data and information, a number of relevant business areas are highlighted in the report. Parts and service labor sales, inventory changes and parts sourcing practices are included as well as many other business insights. link hidden, please login to view “Balancing the need of having parts available to meet customer demand against other external factors has been challenging to say the least, but it appears parts availability issues are ironing out for most channels, while some shifts in the overall sourcing are still apparent,” said Molly MacKay Zacker.
At 78% of the total revenue, parts sales and service labor account for the primary sources of truck and trailer business revenue in 2023. Similarly, parts sales and service labor also represent the largest portions of profit across all channels, combined they total 85%.
Additionally, parts sales revenues hold a higher share of the revenue than one year ago — 56% compared to 47%. The largest year-over-year shift in profits is seen in service labor; with 2023 totaling 29% and 2024 coming in at 31%.
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By Counterman
Highline Warren announced the company will open a new distribution center in Vacaville, California, later this year and is
link hidden, please login to viewto prepare. The company will be hiring throughout the remainder of the year and into early 2025. Currently, Highline Warren is accepting applications for equipment operators and an administrative/clerical assistant the following roles at its distribution center in Vacaville, California:
Later this year, the company said it expects to promote job postings for operations supervisors, merchandise processors and clerical positions.
The distribution center sits at 415,000 square feet – equivalent to 9.5 acres under roof or about seven football fields. It will also have:
87 dock doors, including three drive-in doors 36 feet clear ceiling height 31,000 pallet locations The post
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By Counterman
David Reid, chief operations officer,
link hidden, please login to view, announced the purchase of a 217,000-sq.-ft. distribution center on 12 acres located at 2189 Westover Road in Chicopee, Massachusetts. Equipped with 32 loading docks, the new facility will become operational once it is fully outfitted with features to optimize efficiencies, including logistical and material handling technology, picking modules, conveyor systems, warehouse management software, and expedited will call and local delivery.
The Chicopee location is strategically located between three existing Fisher distribution centers, allowing for further store expansion in Connecticut, New Hampshire, New Jersey, New York, Maine, Massachusetts, Rhode Island and Vermont, the company said. Up to 150 stores will be serviced by the new facility.
The new Chicopee facility adds 217,000 sq. ft. to Fisher’s distribution center footprint of more than 2.5 million sq. ft. Supplying 19 states in which the company currently does business, the nine Fisher distribution centers are linked daily to provide over 92% fill rates, product coverage and overnight delivery from a company-owned fleet, according to Fisher Auto Parts.
In addition, over 50 Greenfield locations have been opened or are scheduled to open by the end of 2024, including several mega-hub locations.
“We believe in the adage that no matter what our lot in life, we should build something on it,” said Reid. “There are much larger competitors; however, due to the highly capable team that we are honored to work with, we can be proud of our past results as we strive for future growth. We are especially grateful to all of our channel partners, including customers, suppliers, APSG associates, and, in particular, team members for their unwavering dedication to outstanding customer service.”
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