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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