NEW YORK, Nov. 18, 2021 /PRNewswire/ — Sentinel Capital Companions, a personal fairness agency that invests in promising midmarket corporations, right now introduced its acquisition of Empire Auto Elements, a number one specialty distributor of aftermarket collision elements. Phrases of the deal weren’t disclosed.
Headquartered in Totowa, New Jersey, Empire operates 5 distribution hubs and 22 satellite tv for pc supply places throughout 16 contiguous japanese states. With an unlimited assortment of top-quality merchandise and a fleet of autos offering same-day or next-day supply, Empire delivers unmatched service to its collision middle companions. Empire’s product providing covers greater than 40,000 elements, together with bumper covers, lamps, hoods, fenders, trunk lids, grills, bezels, door mirrors, and different merchandise.
“Since its founding in 1985, Empire has constructed a repute of offering best-in-class service by way of a hub-and-spoke mannequin which now extends up and down the east coast,” stated Owen Basham, a Sentinel principal. “The Empire group has established a progress playbook primarily based on offering a greater shopping for expertise coupled with broad elements availability. We stay up for working with Empire’s gifted group as they enter their subsequent chapter of progress.”
“We’re excited to companion with Sentinel as Empire continues to increase inside the massive and rising collision elements market,” stated Christopher Siebert, Empire’s CEO. “We have been on the lookout for 4 particular standards when it got here to choosing our subsequent companion: assist of our strategic imaginative and prescient, an aggressive progress orientation, a robust cultural match with our group, and trade data and experience. Sentinel checked all 4 containers.”
Sentinel has vital trade experience within the automobile aftermarket. Investments embrace Cottman Transmission (transmission restore facilities), Holley Efficiency Merchandise (automotive efficiency elements for fans), Nivel Elements (aftermarket golf automobile elements and equipment), and Classic Elements (slow-moving and inactive OEM elements).
About Sentinel Capital Companions
Sentinel makes a speciality of shopping for and constructing midmarket companies in america and Canada in partnership with administration. Sentinel targets aerospace and protection, enterprise companies, shopper, distribution, meals and eating places, franchising, healthcare, and industrial companies. Sentinel invests in administration buyouts, recapitalizations, company divestitures, going-private transactions, and structured fairness investments of established companies with EBITDA of as much as $80 million. Sentinel additionally invests in particular conditions, together with stability sheet restructurings, operational turnarounds, and minority junior capital options. For extra details about Sentinel, go to www.sentinelpartners.com.
About Empire Auto Elements
Empire is a number one specialty distributor of aftermarket collision auto elements. Headquartered in Totowa, New Jersey, Empire presents greater than 40,000 licensed and non-certified elements to auto collision restore clients all through the East Coast from 27 strategically situated hubs and supporting satellite tv for pc places. Empire is a member of the Licensed Automotive Elements Affiliation (CAPA) and the Automotive Physique Elements Affiliation (ABPA). To be taught extra, go to www.empireautoparts.com.
Contact: Roland Tomforde
SOURCE Sentinel Capital Companions