investingreview.org logo
Avoid Fraud, Get The Facts, And Find The Best
Nothings Found.

Blue Point-Backed Transtar Holding Company Expands General Automotive Repair Platform with Arch Auto Parts

Gracie Gottlieb | 11 January, 2024

Cleveland, OH - Blue Point Capital Partners and its portfolio company, Transtar Holding Company, have announced the acquisition of Arch Auto Parts, the largest independently owned parts distribution business in the greater New York City area. This acquisition is part of Transtar Holding Company's strategy to grow its presence in the general repair market, following its successful addition of C&M Auto Parts earlier this year.

Arch Auto Parts, known as "Your Neighborhood Auto Parts Store," was established in 1979 with one location in Queens. Over the years, it has expanded to 21 stores and two warehouses, serving the Queens, Brooklyn, Bronx, and Long Island markets. The company prides itself on its dedication to customer service, timely product delivery, and extensive inventory offerings.

Transtar Holding Company President & CEO Neil Sethi sees Arch Auto Parts as a perfect fit for their strategic goals. He stated, "Arch significantly expands our general repair presence in the Northeast, and our team is focused on continuing to pursue similar acquisitions to accelerate our penetration of additional geographies."

With the support of Blue Point, Transtar Holding Company intends to pursue more acquisitions to enhance its capabilities, offerings, and geographic reach. Arch Auto Parts will join NexaMotion Group, a family of innovative, industry-leading automotive aftermarket businesses that excel in distribution and e-commerce solutions for their partner companies.

Blue Point Partner Brian Castleberry expressed confidence in the growth potential of NexaMotion Group with the addition of Arch Auto Parts. He stated, "We will continue to support Transtar's organic growth while maintaining our emphasis on innovative general repair distribution acquisitions that will add to the platform."

Transtar Holding Company is a portfolio of businesses that provides world-class customer service, technology solutions, distribution, and manufacturing of OE and aftermarket automotive products. Its business units include NexaMotion Group for the aftermarket industry and CoverFlexx Group for vehicle and equipment coatings.

NexaMotion Group's mission is to simplify complex vehicle repair to keep the world moving. With 49 years of experience in the aftermarket industry, NexaMotion helps automotive professionals by offering next-level solutions and innovation. The company combines strong connections with customer-driven product solutions to deliver exceptional value.

Blue Point Capital Partners is a private equity firm managing over $1.9 billion in committed capital. With offices in Cleveland, Charlotte, Seattle, and Shanghai, Blue Point has a global reach while maintaining local relationships with entrepreneurs and advisors. The firm has a long history of partnering with lower middle-market businesses and leveraging its expertise to drive growth.

Blue Point's portfolio is supported by its unique capabilities, including a dedicated team focused on global supply chain, data and digital strategies, and human capital. With extensive experience, a network of industry resources, and focused M&A efforts, Blue Point is well-positioned to help businesses with annual revenues between $30 million and $300 million achieve their growth objectives.

As part of this announcement, it is important to note that the statements made by portfolio company executives about Blue Point Capital Partners are intended to illustrate their business relationship and not Blue Point Capital Partners' capabilities or expertise in investment advisory services.

Many people have been burned by frauds and Ponzi schemes. So we created this website to help you, the potential investor, get the facts, find the best, and avoid fraud and Ponzi schemes.

All information provided on this website is provided without warranty and for informational purposes only.
InvestingReview.org does not provide investment advice. InvestingReview.org is not an investment adviser and is not endorsed by or affiliated with any U.S. or non-U.S. regulatory agency.


Recently Searched Firms

Please note: Search data is accumulated by 3rd party and refreshed once per day.

Copyright © 2023 by InvestingReview.org / All Rights Reserved.