Jan 11, 2024   SOURCE: BusinessWire

Blue Point-Backed Transtar Holding Company Adds Arch Auto Parts to General Automotive Repair Distribution Platform

Blue Point Capital Partners and its portfolio company, Transtar Holding Company, are pleased to announce the acquisition of Arch Auto Parts, the largest independently owned parts distribution business in the greater New York City area. This transaction continues Transtar Holding Company’s growth and momentum in the general repair market following the successful addition of C&M Auto Parts in early 2023.

Known as “Your Neighborhood Auto Parts Store,” Arch began in 1979 with one location in Queens and has since expanded to 21 stores and two warehouses, serving the Queens, Brooklyn, Bronx and Long Island markets. The auto parts retailer has a dedicated focus on customer service, product delivery and extensive inventory offerings.

“Arch Auto Parts aligns perfectly with our strategic goals and marks the largest acquisition for Transtar Holding Company in general automotive repair parts distribution,” said Transtar Holding Company President & CEO Neil Sethi. “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.”

Arch joins NexaMotion Group, a family of innovative, industry-leading automotive aftermarket businesses that provides distribution excellence and e-commerce solutions for its partner companies. With Blue Point’s support, Transtar Holding Company plans to pursue more acquisitions, further building out the breadth of the portfolio’s capabilities, offerings and geographies served.

“The Transtar Holding Company team identified an excellent fit for NexaMotion’s growth strategy in Arch Auto Parts,” said Blue Point Partner Brian Castleberry. “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. NexaMotion helps automotive professionals shift into high gear with next-level solutions and innovation. Backed by 49 years at the forefront of the aftermarket industry, NexaMotion Group combines the power of strong connections and expansive customer-driven product solutions.

Blue Point Capital Partners is a private equity firm managing over $1.9 billion in committed capital. With resources in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.

Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.