Fort Wayne, IN-based automotive and industrial paint and supply distributor Automotive Color & Supply (ACS) — a portfolio company of WILsquare Capital — acquired Paint Works.
Terms of the transaction were not disclosed.
Tyler, TX-based Paint Works is a distributor of automotive and industrial paint and supply the products. Founded by Chad Neal, the company operates across east Texas, north Texas, southern Arkansas and northern Louisiana.
“While honoring the reputation and legacy of the Paint Works brand, we are excited to leverage Paint Works’ talented employees, strong vendor relationships, and loyal customer base to drive ACS’ continued growth,” ACS CEO Josh Byers said in a Dec. 18 news release. “Automotive Color & Supply is dedicated to using the combined expertise of both companies to enhance operational efficiencies to better service customers in an increasingly competitive environment.”
ACS said the acquisition expands the company’s presence and customer service capabilities in the South, providing a broader platform to address customer demand and reinforce partnerships with vendors across various regions.
“The acquisition of Paint Works is a significant step in our strategy to build the leading service-first distributor in the industry,” WILsquare Capital Managing Director Jack Randazzo added. “We believe this partnership strengthens ACS’ market position and reinforces our commitment to fostering strong relationships with quality vendors and customers.”
ACS said that it intends to continue operating the Paint Works branches under the current Paint Works logo and brand name.
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