Atlantic Street Capital’s strategic sale of All Star Auto Parts to BBB Industries underscores the robust investment and capital movement within the automotive aftermarket sector. This acquisition not only marks a significant milestone for both companies but also reflects the broader trend of consolidation and growth driven by private equity in the Capital Car Parts industry.
All Star Auto Parts, headquartered in Orlando, Florida, has emerged as a key player in alternative automotive replacement parts under Atlantic Street Capital’s ownership. Focusing on remanufactured OEM and aftermarket lights and wheels, All Star has built a strong presence in the U.S. collision repair and tire service channels. Their nationwide distribution network, spanning 13 facilities, is a testament to their operational scale and market reach.
Atlantic Street Capital acquired All Star in 2019, recognizing its potential within the capital car parts market. At that time, All Star primarily dealt with alternative lighting products. Through strategic acquisitions and focused initiatives, Atlantic Street Capital effectively broadened All Star’s product portfolio to include related remanufactured and aftermarket components. This transformation extended All Star’s business beyond its initial focus, creating a more diversified and resilient operation in the competitive auto parts landscape.
Andrew Sexton, CEO of All Star, emphasized the company’s commitment to quality and sustainability, stating, “We provide value-added, quality products and service to our customers while at the same time extending the useful product life cycle. Through our sustainable remanufacturing model, we also help prevent materials from entering the waste stream.” This approach aligns with the increasing importance of sustainable practices and cost-effective solutions within the capital car parts sector, appealing to both environmentally conscious consumers and businesses looking to optimize their operational costs.
Phil Druce, Partner at Atlantic Street Capital, highlighted the strategic rationale behind their investment and subsequent sale: “Our goal was to help transform All Star through strategic acquisitions and to expand its product portfolio and build its geographic reach, creating a nationwide footprint to service local shops and provide a one-stop solution for national multi-shop operators.” This vision of creating a comprehensive and geographically expansive business within the capital car parts domain has been successfully realized through the acquisition by BBB Industries.
Matt Immerfall, founder of All Star, reflected on the company’s journey and partnership with Atlantic Street Capital: “We are very proud of All Star’s success over the past 20 years and it was a significant opportunity to partner with Atlantic Street in 2019. Their strategic guidance and capital resources helped guide our investments in systems to enhance data quality and provide robust business intelligence, expand facilities, and invest in people to build the organization and functional leadership.” This highlights the crucial role of capital investment and strategic partnerships in fostering growth and innovation within the capital car parts industry.
The financial advisors for the transaction were BlackArch Partners and Schwartz Advisors, with legal counsel provided by Kramer Levin Naftalis & Frankel LLP. This team of advisors underscores the significance and complexity of transactions within the capital car parts market, requiring specialized expertise in finance and law.
About All Star Auto Parts
Founded in 2004, All Star Auto Parts has become a leading distributor and remanufacturer in the capital car parts sector. Offering over 20,000 unique parts, including headlights, taillights, fog lights, mirrors, and wheels for both foreign and domestic vehicles, All Star caters primarily to independent auto body shops and multi-site operators across the U.S. Their commitment to providing like-kind-and-quality remanufactured OEM and certified aftermarket parts positions them as a trusted supplier in the collision repair and tire service channels. For further details, please visit www.allstarautoparts.com.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm focused on investing in lower middle market companies with substantial growth potential. Their operationally intensive strategy aims to support entrepreneurial management teams and fundamentally strong businesses, typically with EBITDA between $4 million and $25 million. By providing capital investment and strategic guidance, ASC helps these companies unlock their inherent value and achieve greater success in their respective markets, including the capital car parts industry. More information is available at www.atlanticstreetcapital.com.
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