NEW YORK, Nov. 18, 2021 /PRNewswire/ — Sentinel Money Companions, a personal fairness company that invests in promising midmarket providers, today introduced its acquisition of Empire Auto Parts, a top specialty distributor of aftermarket collision areas. Terms of the deal had been not disclosed.
Headquartered in Totowa, New Jersey, Empire operates 5 distribution hubs and 22 satellite delivery areas throughout 16 contiguous jap states. With a wide assortment of top-quality merchandise and a fleet of cars providing exact-day or future-day shipping, Empire delivers unmatched service to its collision heart partners. Empire’s product giving handles far more than 40,000 elements, such as bumper covers, lamps, hoods, fenders, trunk lids, grills, bezels, door mirrors, and other products and solutions.
“Due to the fact its founding in 1985, Empire has created a popularity of offering most effective-in-class support via a hub-and-spoke product which now extends up and down the east coast,” mentioned Owen Basham, a Sentinel principal. “The Empire team has founded a development playbook based mostly on furnishing a improved shopping for experience coupled with broad components availability. We seem forward to performing with Empire’s gifted team as they enter their following chapter of growth.”
“We are enthusiastic to partner with Sentinel as Empire proceeds to develop within just the huge and developing collision sections market place,” explained Christopher Siebert, Empire’s CEO. “We had been seeking for 4 precise criteria when it arrived to selecting our subsequent partner: help of our strategic vision, an aggressive advancement orientation, a potent cultural suit with our crew, and sector information and skills. Sentinel checked all four containers.”
Sentinel has sizeable field experience in the automobile aftermarket. Investments involve Cottman Transmission (transmission repair facilities), Holley Overall performance Solutions (automotive effectiveness elements for fans), Nivel Sections (aftermarket golf auto parts and components), and Classic Components (sluggish-shifting and inactive OEM components).
About Sentinel Money Companions
Sentinel specializes in buying and developing midmarket corporations in the United States and Canada in partnership with administration. Sentinel targets aerospace and defense, organization products and services, purchaser, distribution, meals and places to eat, franchising, healthcare, and industrial firms. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, likely-non-public transactions, and structured fairness investments of set up corporations with EBITDA of up to $80 million. Sentinel also invests in specific situations, including equilibrium sheet restructurings, operational turnarounds, and minority junior money answers. For much more details about Sentinel, pay a visit to www.sentinelpartners.com.
About Empire Auto Parts
Empire is a foremost specialty distributor of aftermarket collision automobile areas. Headquartered in Totowa, New Jersey, Empire presents a lot more than 40,000 certified and non-accredited parts to vehicle collision restore consumers all through the East Coastline from 27 strategically found hubs and supporting satellite locations. Empire is a member of the Accredited Automotive Elements Affiliation (CAPA) and the Automotive Entire body Pieces Association (ABPA). To understand more, stop by www.empireautoparts.com.
Make contact with: Roland Tomforde
Resource Sentinel Funds Associates