Digital Auto Care Factbook 2018 - 32

Select Auto Care Transactions
Notable Recent Aftermarket Transactions
($Millions)

Close Date

Target

Acquirer

Announced Metrics

Observations

Pending

AP Centric
(Audax Group)

Harvest Partners

Not publicly disclosed

The transaction creates a new entity, AP Centric, forming a
leading player in the undercar automotive aftermarket

4/21/2017

Truck Hero Inc.
(TA Associates)

CCMP Capital Advisors

Not publicly disclosed

Truck Hero is poised to continue to improve upon its already
strong record of growth under new private equity ownership

1/23/2017

Just Brakes
(Multiple Owners)

Pep Boys
(Icahn Enterprises)

Not publicly disclosed

The transaction increased the number of Pep Boys auto service
outlets by over 130 locations to over 900 locations

Sturtevant Richmont

Snap-on Incorporated

11/17/2016

Implied EV: $13
Target LTM Rev(1): $10
EV / LTM Sales(1): 1.3X

The acquisition of Sturtevant Richmont enhances and expands
Snap-on's capabilities in providing solutions that address torque
requirements

11/10/2016

Transamerican Auto
Parts Company, LLC

Polaris Industries Inc.
(NYSE:PII)

Implied EV: $665
Target LTM Rev(2): $740
EV / LTM Sales(2): 0.9X
EV / LTM EBITDA(2) : 9.0X

10/31/2016

Remy International,
Inc. Light Vehicle
Aftermarket Business

Torque Capital Group LLC

Implied Equity Value: $80

The transaction allows management to operate the business as an
aftermarket entity. BorgWarner will retain the core rotating
electric OE business of the former REMY International

10/21/2016 K&N Engineering

Goldman Sachs Private
Equity

Not publicly disclosed

Well-known performance brand has a new private equity partner to
continue growing organically and through acquisitions

10/3/2016

Husky Liners

Truck Hero, Inc.
(TA Associates)

Not publicly disclosed

This transaction marks Truck Hero's tenth acquisition since its
formation in 2007 and complements the Company's growth
strategy to expand product categories

10/3/2016

Hoosier Racing Tire
Corp.

Continental Tire the
Americas, LLC
(DB:CON)

Not publicly disclosed

The acquisition provides Continental with the unique product
offering of highly-engineered racing / performance tires under a
strong brand

9/29/2016

The Lube Stop, Inc.
Driven Brands, Inc.
(Argonne Capital Group) (Roark Capital Group)

Not publicly disclosed

The addition of Lube Stop enhances the growth of Driven's Quick
Lube division with complementary geographic exposure

8/19/2016

Omega
(River Associates)

AEA Investors

Not publicly disclosed

The acquisition will enable Omega, a leading global provider of
aftermarket climate control components, to continue its growth
strategy both domestically and overseas

American Covers
(Trivest Partners)

Energizer Holdings, Inc.
(NYSE:ENR)

Implied EV: $340
Target LTM Rev(3): $91
EV / LTM Sales(3): 3.8X

The acquisition provides American Covers the opportunity to
leverage Energizer's global battery platform and integrated supply
chain network

Baja Designs, Inc.

Bestop Inc.
(Kinderhook Industries &

Not publicly disclosed

Baja Designs, a leader in ancillary lighting, represents the first
add-on acquisition for Bestop and Kinderhook's 34th automotive
related transaction

7/1/2016

6/30/2016

Magna International)

The acquisition offers a large growth opportunity in Jeep and truck
aftermarket accessories, which is highly complementary to
Polaris' core customer demographic and strategy

Integrated Supply
Network, LLC
(Audax Group)

Freeman Spogli & Co.
Incorporated

Not publicly disclosed

Integrated Supply Network will leverage Freeman Spogli's
expertise within the automotive and specialty distribution sectors
for future growth

4/29/2016

Eagle One Industries,
Inc. (Niteo Products)

American Covers, LLC
(Trivest Partners)

Not publicly disclosed

The Eagle One purchase is HandStands' third acquisition
(following Lexol and California Scents in 2015), to further the
company's strong growth in the car care segment

4/19/2016

WASPcam

Cobra Electronics
Corporation (Monomoy
Capital Partners)

Not publicly disclosed

The acquisition extends Cobra's growing portfolio of consumer
electronics by adding category leading action sports cameras

4/12/2016

Blount International

American Securities; P2
Capital Partners, LLC;

4/1/2016

DYK (Dobbs
Management) &
AAHC (Marubeni)

6/22/2016

Implied EV: $857
Target LTM Rev(4): $860
EV / LTM EBITDA(4): 8.2X
EV / LTM Sales(4): 1.0X

3/30/2016

(1)
(2)
(3)
(4)

The Sterling Group

Take 5 Oil Change LLC Driven Brands, Inc.
(Trivest Partners)
(Roark Capital Group)

American Securities plans to leverage deep experience investing
in the industrial manufacturing sector to accelerate Blount's longterm growth across end-markets

Not publicly disclosed

Providing enhanced product offering and scale, the combined
companies are focused on specialty distribution in the automotive
aftermarket

Not publicly disclosed

Enables Driven Brands to expand its Quick Lube division, which
also includes Pro Oil Change and Driven Florida Lubes, through
the southeast and Texas

Calendar year 2015 period.
Trailing period as of 9/30/2016.
Calendar year 2015 period.
Trailing period as of 9/30/2015.

Automotive Aftermarket | March 31, 2017

32

The 2018 Digital Factbook is Copyright © 1990 Auto Care Association and/or its licensor. 
All other rights reserved.  Use of the 2018 Digital Factbook is subject to compliance with the Legal Terms and Conditions found on page 119 of this report.

Jefferies.com

1.
2.
3.

4.


http://www.Jefferies.com

Table of Contents for the Digital Edition of Digital Auto Care Factbook 2018

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