Blue Point Capital Partners and its portfolio company Transtar Holding Company announced the acquisition of PPi Automotive, a family-owned and -operated automotive parts wholesale distributor. The deal marks Transtar Holding Company’s third general repair acquisition and fourth acquisition overall since February 2023.
Launched in 1974, PPi provides premier aftermarket auto parts to professional installers, repair shops and dealerships in greater Pittsburgh and surrounding areas. And its team is committed to sourcing high-quality products that meet or exceed OE requirements.
PPi will join Transtar Holding Company as part of NexaMotion Group, which is a family of industry-leading automotive aftermarket businesses that provide distribution excellence and e-commerce solutions for its partner companies. And Transtar Holding Company will continue to pursue well-aligned acquisitions to maximize capabilities and build density in key geographies.
Transtar Holding Company is a portfolio of businesses that offers innovative technologies, distribution and manufacturing of OE and aftermarket automotive products. And its business units include NexaMotion Group, a technology-driven distributor of comprehensive product solutions for the automotive aftermarket and The CoverFlexx Group, a manufacturer of refinish products for vehicle and industrial applications.
And PPi Automotive is a family-owned and -operated automotive parts wholesale distributor with three warehouses in the greater Pittsburgh region and surrounding areas. The company was originally founded in 1974 with the mission of providing quality aftermarket parts to professional installers, repair shops, and dealerships.
Blue Point Capital Partners is a private equity firm managing $1.8+ billion in committed capital. And with resources in Cleveland, Charlotte and Seattle, Blue Point’s geographical footprint enables it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
KEY QUOTES:
“Transtar Holding Company’s partnership with PPi aligns with our strategy to expand our general repair offerings and builds on our momentum in the Northeast following our December acquisition of New York-based Arch Auto Parts. We look forward to working with the outstanding PPi team to continue providing world-class products and customer service to the automotive repair industry.”
– Transtar Holding Company President & CEO Neil Sethi
“Transtar Holding Company’s investment in PPi further affirms our M&A growth strategy and strengthens our commitment to partnering with family-owned companies. We are proud to support the Transtar Holding Company platform as it continues to make its mark throughout the United States and Canada.”
– Blue Point Partner Brian Castleberry
