New York-based Sentinel Capital Partners, a private equity firm that invests in midmarket companies, acquired Empire Auto Parts, a Totowa, New Jersey-based specialty distributor of aftermarket collision parts.
Financial terms of the deal were not disclosed.
Empire operates five distribution hubs and 22 satellite delivery locations in 16 contiguous eastern U.S. states.
The company has an assortment of products and a fleet of vehicles providing same- or next-day delivery. Empire’s product offering covers more than 40,000 parts, including bumper covers, lamps, hoods, fenders, trunk lids, grills, bezels, door mirrors and other products.
“Since its founding in 1985, Empire has built a reputation of providing best-in-class service through a hub-and-spoke model which now extends up and down the east coast,” said Owen Basham, a Sentinel principal. “The Empire team has established a growth playbook based on providing a better buying experience coupled with broad parts availability. We look forward to working with Empire’s talented team as they enter their next chapter of growth.”
Empire CEO Christopher Siebert said the company was excited to partner with Sentinel.
“We were looking for four specific criteria when it came to selecting our next partner: support of our strategic vision, an aggressive growth orientation, a strong cultural fit with our team, and industry knowledge and expertise,” Siebert said. “Sentinel checked all four boxes.”
Read more MDM coverage of recent mergers and acquisitions here.
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