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Arnott Acquires JRi Shocks
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By Counterman
WAI Global announced its acquisition of ACI Automotive from Standard Motor Products. According to WAI, this acquisition strengthens
link hidden, please login to view’s product portfolio and enhances its ability to address evolving customer needs with innovative, high-quality solutions. “By integrating ACI’s capabilities, we continue to expand our product offering and strengthen our expertise in managing complex, technical and SKU intensive product lines,” said Ryan Moul, CEO of
link hidden, please login to view. “This acquisition reinforces our commitment to providing differentiated programs that drive value across our expanded portfolio.” Key Highlights of the Acquisition:
Expanded Product Portfolio: The addition of ACI’s washer pump, window regulator, and door handle lines broadens WAI’s offerings. Seamless Customer Transition: Customers can expect uninterrupted service as we ensure a smooth integration process, WAI said. Enhanced Customer Reach: Leveraging WAI’s extensive global distribution network, ACI’s products will now be accessible to a broader audience worldwide. The integration process is already underway, with teams from both organizations working collaboratively to ensure a smooth transition for customers, employees and stakeholders, WAI said.
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By Counterman
FleetPride, Inc. announced it acquired the assets of ARS Truck & Fleet Service. Based in New Castle, Delaware and founded in 1972, ARS operates 25 service bays in two locations and a mobile service fleet of 16 trucks. A news release explained the transaction represents the expansion of service on the Eastern Seaboard.
“The entire ARS Truck & Fleet Service team is thrilled to become a part of FleetPride. Our companies have been strong partners for many years,” said Patrick Connell, ARS CEO. “The mission at ARS has always been to create an environment of growth for our people and our company. We pride ourselves on the strong culture we have, and the many years of industry leading work we have done. FleetPride is the perfect partner to continue that legacy. We now have access to all the resources we require to grow like never before. With this opportunity, I am more excited about our mission than any point in my career.”
link hidden, please login to view said the acquisition provides ARS customers with access to a nationwide network of parts and service solutions featuring digital solutions, such as the FleetPride.com eCommerce platform. It also opens up new learning opportunities for ARS employees with FleetPride Tech University’s online and in-person training. “We are excited to welcome the entire ARS Truck & Fleet Service team to our company,” said FleetPride President of Parts and Service Mike Harris. “Patrick Connell and his outstanding team are a model of customer service and operational excellence. We are proud to carry on ARS’s legacy and continue serving their valued customers along the Eastern Seaboard.”
ARS has a long track record of superior in-house and on-location repair services for heavy duty fleets,
link hidden, please login to view said. In addition, it is a five-time honoree as one of the top 12 shops in the country by Automotive Training Institutes, receiving ATI’s National MSO Shop of the Year award in 2022. ARS also has been named one of Delaware’s 50 fastest growing companies, it is an Inc 5000 company and two-time Philly 100 winner, and owner Patrick Connell was named Delaware’s 2022 CEO of the Year – For-Profit Medium Business –by the Delaware Business Times. The post
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By Counterman
Fisher Auto Parts has acquired New Jersey-based P&A Auto Parts and its eight locations. Geoffrey Shifflett, area vice president of Fisher Auto Parts, made the announcement. Headquartered in Saddle Brook, New Jersey, P&A Auto Parts has served the northeastern New Jersey market since 1982.
According to a news release announcing the acquisition, key employees Joe Cupoli and Bill Freedman purchased the company in 2003. Both will stay on to run the business following the acquisition, while Freedman will serve as regional manager.
“As a privately held business that is well established in its community, P&A Auto Parts is an excellent addition to the
link hidden, please login to view footprint,” said Shifflett. “We are very pleased that Joe and Bill will stay on to run the business and help us grow market share in this region. We look forward to working with them and the entire P&A Auto Parts team to provide our valued customers with name brand quality parts and exceptional service.”
link hidden, please login to viewsaid that P&A Auto Parts focuses on the professional commercial market, while maintaining a steady retail and do-it-yourself customer base.
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By Counterman
NexaMotion Group (NMG) announced the acquisition of
link hidden, please login to view, NexaMotion’s third acquisition of the year. The company has a total of three wholesale distributor locations: two in San Francisco, CA, and one in Honolulu, HI. City Auto Supply was represented by Schwartz Advisors, and the terms were not disclosed. City Auto Supply is a U.S. veteran-owned corporation founded in the San Francisco Bay Area in 1986. The company carries over 100,000 individual parts and is a leading distributor of automotive parts and supplies to the auto repair industry, the company said.
“An organization like
link hidden, please login to view is a great partner for City Auto Supply customers and team members. Our business is strategically aligned with NexaMotion Group and its leaders, and most importantly, we share the same values,” City Auto Supply Owner Larry Chew said. “NexaMotion Group and its subsidiaries are known for providing top-quality parts and exceptional service in the aftermarket industry.” “This marks our fifth acquisition in the general repair space over the past 18 months, and we’re just getting started,” Neil Sethi, president and CEO of
link hidden, please login to view, said. “Our mission has always been to simplify complex vehicle repair, and with each acquisition, we strengthen our ability to serve customers more effectively. We’re eager for what the future holds as we continue to expand and innovate.” The post
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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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