LEADING EMISSIONS AND AFTERMARKET EXHAUST MANUFACTURING COMPANY FOR SALE

The Company is a leading manufacturer of replacement automotive emissions products and aftermarket performance exhaust systems. The company is a pioneer in “direct fit” exhaust products and produces all products from their corporate headquarters in the Southwest.

Company Details:

  • Revenue has increased 12% from 2019 to 2021
  • EBITDA has more than doubled since 2019
  • Launched new product line to capture remaining 50% of their core market
  • Innovative and nimble product development model
  • Limited overseas competition
  • Additional production capacity exists in current facility
  • Experienced leadership can remain post-transaction
  • Loyal management and production team
  • Major metro area provides deep pool of employment opportunities and ample freight in/out

Immediate growth is attainable to a new owner with greater liquidity to fund materials necessary to meet existing demand and expand launch of new product line.  The company can remain as a stand-alone automotive component platform or be integrated into an existing company looking for emissions and exhaust component expertise and a deep catalog.

For more information, please contact:

Tom Marx
Hart Marx Advisors
415-601-1787
tmarx@hartmarxadvisors.com

Tim Wheeler
Hart Marx Advisors
248-515-6344
twheeler@hartmarxadvisors.com

Award-Winning Performance Automotive Aftermarket Distributor

The company is a leading distributor of top aftermarket brands for cars and trucks, selling upgrade performance products and accessories for automobiles and light trucks and it has earned the designation of Master Distributor for top brands. The company is primarily a B2B wholesaler with multiple warehouses, but also has established retail, e-commerce, and fulfillment channels.

Company Details:

  • Revenue has increased 39% from 2019 to Projected 2021
  • EBITDA more than triples from 2019 to Projected 2021
  • Last mile, next day delivery through owned truck fleet
  • Diverse customer base with little concentration
  • Distributes top industry brands
  • Strong customer service philosophy
  • Founder family owned

Large Eastern U.S. geographic territory

For more information, contact:

Chris Bovis
Managing Partner
Hart Marx Advisors
cbovis@hartmarxadvisors.com
785-764-6248

Tom Marx
Senior Partner​​
Hart Marx Advisors
tmarx@hartmarxadvisors.com
415-601-1787

 

 

Tim Wheeler Joins Hart Marx Advisors as Partner

• Wheeler brings over 32 years of experience to the Hart Marx Advisors team
• Demonstrated history of success and growth across the automotive aftermarket, OE and performance sectors
• New role will focus on business development, customer outreach and buy/sell transaction support
• Addition of Wheeler and updated roles for other team members support the firm’s future growth goals

Hart Marx Advisors, the premier boutique automotive industry merger and acquisition (M&A) advisory firm is pleased to announce Tim Wheeler has joined as partner.

Wheeler brings more than 32 years of automotive industry experience to his new role, which will focus on business development, customer outreach and stewardship of M&A transactions on both the buy and sell side.

Throughout his career, Wheeler has been involved with a variety of mergers, acquisitions and implementations, and brings with him an integral understanding of the process and importance of a company being able to reach its growth or divestiture goals.

“We are excited to expand the Hart Marx Advisors team. Tim’s skillset and experience make him an exceptionally well-rounded addition,” said Tom Marx, founding partner, Hart Marx Advisors. “His depth of knowledge across a variety of sectors and personal experience with mergers and acquisitions throughout his career give him a unique and invaluable understanding, which will be incredibly valuable to our clients as he guides them through the M&A process.”

Prior to joining Hart Marx Advisors, Wheeler most recently served as vice president, sales, for WELD Racing, LLC, working specifically in the OEM and special markets division where he significantly grew the earnings of various programs. Wheeler also held positions at ROUSH Performance as vice president, sales and marketing, and Delphi Product and Service Solutions, working in a variety of senior roles, including vice president, sales, North America.

“I am excited to join an established, automotive focused firm like Hart Marx Advisors,” said Wheeler. “Throughout my career, I’ve been focused on building strategic value and partnerships and I look forward to putting this experience to work for our clients.”

Wheeler began his career at Federal-Mogul, where he started in sales and customer service operations. He became the organization’s first eBusiness director, leading digital business development strategies across the North American aftermarket.

Wheeler received his bachelor’s degree in business administration from Hope College in Holland, Michigan and executive MBA from the Richard DeVos Business School at Northwood University in Midland, Michigan. He was also awarded Delphi’s “Excellence Award for Emerging Leaders” during his time with the company.

The addition of Wheeler to the Hart Marx Advisors team is part of a strategic restructuring of the firm to support future growth goals. This restructuring also includes the transition of Chris Bovis to managing partner, Tom Marx to founding partner and Devin Hart to executive vice president of finance. Wheeler purchased all of Hart’s member interest when joining the firm, and Hart will continue to be active with the organization consulting on matters of finance, accounting, business administration and due diligence on client projects.

Heavy-Duty Brake Parts Manufacturer with Strong Earnings

The Company is a well-established and recognized manufacturer of brake components for trucks, trailers, buses, and off-highway equipment. Based in North America, the Company offers direct factory-to-customer shipments and has multiple efficient third-party nationwide distribution warehouses to maintain low operating costs and high levels of customer service.

Company Details:

  • Revenue under $10 million
  • Over 30% gross profit
  • Over 23% EBITDA
  • Solid market position
  • Established distribution
  • Extensive product applications
  • Engineering for specialty and high-value products
  • Key employees interested in staying
  • Easily integrated into a larger organization

For more information, please contact:

Tom Marx
Hart Marx Advisors
415-601-1787
tmarx@hartmarxadvisors.com

John Nodson
Hart Marx Advisors
914-482-0683
jhnodson@hartmarxadvisors.com

Business Wanted: Automotive Service Centers and Shops

Our client is looking to acquire automotive service businesses in the Great Lakes area.  They are looking for both single locations and chains, preferably with no brand affiliation or vehicle type specialty.  Our client prefers companies with broad service capabilities but will investigate a specialist shop if the location or size is correct.

Well run businesses with an established reputation are preferred but not required. Shops with underutilized capacity may be acceptable.

  • Automotive and/or light duty truck service centers
  • Single location or Multiple location chain
  • Great Lakes area (approximately Minneapolis to Detroit)
  • Generalists with broad service capability preferred
  • Shops that are independent of brand affiliation
  • Founder/owner businesses preferred but not required
  • No minimum bay requirement
  • $500,000 minimum revenue per location, $1M or above desired
  • EBITDA minimum not defined

For more information, please contact Hart Marx Advisors:

Tom Marx
415-462-1805
tmarx@hartmarxadvisors.com

Chris Bovis
785-764-6248
cbovis@hartmarxadvisors.com

Driveshaft Company for Sale

Remanufacturing Equipment and Capability

The Company is the provider of new and remanufactured driveshafts that are sold in North America. The Company has significant capabilities, inventory and experience to serve a diverse customer base, and has earned reputation for quality and dependability.

The Company is an excellent strategic acquisition opportunity for an acquirer who wishes to expand their existing driveshaft business or acquire driveshaft remanufacturing capabilities and inventory.

While sales are currently approximately $1M, the company has proven their ability to achieve and sustain $4M to $5M in sales revenue resulting in EBITDA ranging between 13% to 19%.

The owner wishes to retire upon the sale of the business.

Opportunities Include:

 Integrate equipment, inventory, and customer base to expand existing capabilities and sales within acquiring business

  • Create driveshaft original and remanufacturing new business unit within acquiring business
  • Apply expertise and equipment to new markets and expand the product line
  • Automate certain manufacturing processes to speed up turnaround time and reduce costs
  • Increase investments in new driveshafts and components to provide faster turnaround for more applications
  • Resell more parts and components made by suppliers to expand the product offering
  • Hiring additional salespeople and expanding marketing efforts will support growth opportunities

 

For more information, please contact Hart Marx Advisors:

Tom Marx

415-462-1805

tmarx@hartmarxadvisors.com

Chris Bovis

785-764-6248

cbovis@hartmarxadvisors.com

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