Turning Rock Partners (TRP), based in New York, has completed a $60 million growth financing round for Main Street Auto, which will aid in its expansion. Headquartered in Atlanta, GA, Main Street Auto is a founder-owned automotive aftermarket services company with approximately 100 locations throughout the southern United States.
The company offers essential auto repair, maintenance services, and tire sales for individual vehicle owners and fleets. The funds will support a buy-and-build strategy.
TRP invests in underserved lower-middle market businesses in North America, providing tailored financing solutions. For this transaction, TRP was advised by Greenberg Traurig (legal), Bennett Thrasher (accounting), Lockton Companies (insurance), and received additional services from Silver Regulatory Associates LLC and BDO.
KEY QUOTES:
“Turning Rock is pleased to support Main Street Auto in their next phase of growth through the acquisition and improvement of additional auto repair locations. Through this investment, TRP is backing another strong founder and management team in an industry ripe for consolidation to benefit from efficiencies at scale.”
Turning Rock Head of Credit Sha Khoja
“We thank Turning Rock for its support which will enable us to scale our operations and significantly expand our footprint. This transaction supports the next phase of our growth and allows us to continue our acquisition strategy.”
Main Street Auto Founder and CEO Logan Leslie
