Connecticut-based lower middle-market private equity firm Atlantic Street Capital has completed the sale of All Star Auto Parts, an alternative automotive parts distributor, to BBB Industries, a manufacturer for the automotive and industrial markets.
Terms of the transaction were not disclosed.
Headquartered in Orlando, Florida, All Star’s alternative automotive replacement parts include both remanufactured OEM and aftermarket lights and wheels. All Star focuses on the US collision repair and tire service channels, through a nationwide distribution network of 13 facilities.
Atlantic Street acquired All Star in 2019 when the company’s business focused solely on alternative lighting products. Through various acquisitions, All Star expanded into related remanufactured and aftermarket parts.
Phil Druce, Partner of Atlantic Street Capital, commented: “Our goal was to help transform All Star through strategic acquisitions and to expand its product portfolio and build its geographic reach, creating a nationwide footprint to service local shops and provide a one-stop solution for national multi-shop operators. We thank All Star’s entire management team and founder Matt Immerfall for their strategic vision and leadership over the past five years and believe the company will continue to thrive and evolve as part of BBB Industries.”
All Star was advised by BlackArch Partners, Schwartz Advisors and Kramer Levin Naftalis & Frankel.
