INNOVATIVE MANUFACTURER OF PERFORMANCE ENGINEERED SUSPENSION SYSTEMS AND COMPONENTS

Project GT350 is a U.S.-based industry leader of premium engineered suspension kits for muscle cars, collector cars, custom cars, and trucks through early 2000s. The company offers the broadest range of suspension solutions for popular performance aftermarket car models starting from the 1940’s.

The company has diversified into industrial vehicle products as a supplier for both new vehicles and aftermarket replacement products. Testing and approval were completed in 2022 and expected to add 6-10% incremental revenue in 2023.

The company can fit seamlessly into a larger performance brands company or remain a standalone business and basis for acquisitions. Their customer is also purchasing brakes, wheels, engine, exhaust, and body components in both the restoration and high-performance markets.

Project GT350 Company Details:

  • Adjusted EBITDA of ~11% (approx. $900,000)
  • Average Margin of 46%
  • Revenue +10% from 2019 to projected 2022
  • AS 9003S manufacturing floor
  • Engineering team with R&D Center
  • Product and industry innovator
  • Unmatched product integrity and performance
  • Industrial applications coming to market
  • Patent protection over key products
  • Transparent reporting systems and culture
  • Integrated manufacturing and component supply
  • Strong experienced leadership team
  • Established 35+ year premium brand
  • Long employee, customer, and vendor retention
  • EV Expertise

 

The company will be at the SEMA show November 1-4 and available for in person introductions.

 

For more information, contact:

Chris Bovis
Partner, Hart Marx Advisors
785-764-6248
CBovis@HartMarxAdvisors.com

Tim Wheeler
Partner, Hart Marx Advisors
248-515-6344
TWheeler@HartMarxAdvisors.com

Heavy Duty Truck Parts and/or Service Businesses Wanted

Our client is looking for regional or national parts retailers with or without service bays in the heavy-duty/commercial vehicle truck and trailer markets, primarily Classes 6-8. Multiple market segments will be considered from agriculture, construction, waste management, energy, freight and shipping, intermodal, food and beverage, leasing, long- and short-haul, mining, transit and school bus, and work trucks.

 

Detail Page:

Our client is looking for regional or national parts retailers with or without service bays in the heavy-duty truck/commercial vehicle and trailer markets, primarily Classes 6-8. Multiple market segments will be considered from agriculture, construction, waste management, energy, freight and shipping, intermodal, food and beverage, leasing, long- and short-haul, mining, transit and school bus, and work trucks.

Acquisition Target Profile

  • Retail sales and regional distribution of heavy-duty/CV parts
  • Service, primarily around key categories
    • Drive-in, bay service
    • Transmissions and differentials
    • Spring and suspension
    • Inspections
    • Engine repair
    • Driveline and flywheel
    • Fluid power/hydraulics systems
  • United States locations preferred

 

For more information, contact:

Tim Wheeler at 248-515-6344 or twheeler@hartmarxadvisors.com

Tom Marx at 415-601-1787 or tmarx@hartmarxadvisors.com

 

 

Mobile Electronics or Performance/Specialty Auto Parts Distributors Wanted

Our client is looking for local, regional or national distributors of automotive, light truck, and mobile electronics parts.  Any location or territory will be considered and any level of sales or earnings.  Our client is prepared for a short analysis and quick close.

Acquisition Target Profile

  • Any automotive or light truck parts distributor will be considered including replacement, performance, and upfitting parts
  • Mobile Electronics preferred
  • US based companies preferred
  • Interested in 100% ownership position
  • Any level of revenue and EBITDA will be considered
  • 45 days close or less is possible

 

For more information, contact:

Tim Wheeler at 248-515-6344 or twheeler@hartmarxadvisors.com

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

 

Truck, Jeep, Offroad, and Powersports Aftermarket Accessories Companies Wanted

Our client is a strategic buyer looking for acquisitions in the light duty truck, Jeep and UTV markets. The ideal acquisition company would design, manufacture, and distribute products in the truck bed accessories, bumpers, suspension, work truck, Overland, Powersports and Outdoor Enthusiast categories.

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Innovative Manufacturer of High-Performance Engineered Suspension Systems and Components

Premium products with 45% Gross Margin and 15% Adjusted EBITDA

The Company is a US based industry leader and pioneer of premium engineered suspension kits for muscle cars, collector cars, custom cars, and trucks through early 2000s. The Company offers the broadest range of suspension solutions for all popular performance aftermarket car models starting from the 1940’s. The Company has patent protection over its most innovative design.

The Company can fit seamlessly into a larger conglomerate of similar premium performance brands or remain a standalone business with strong ROI and a basis for acquisitions. Their customer is also purchasing brakes, wheels, engine, exhaust, and body components in both the restoration and high-performance markets.

 

Company Details:

  • Adjusted EBITDA of 15% ($1.25M)
  • Average Margin of 45%
  • Revenue increased 17% from 2019 to 2021
  • AS 9003S manufacturing floor
  • Engineering team with R&D Center
  • Product and industry innovator
  • Unmatched product integrity and performance
  • Industrial applications coming to market
  • Transparent reporting systems and culture
  • Integrated manufacturing and component supply
  • Strong experienced leadership team
  • Established 35+ year premium brand
  • Best in class customer support
  • Long employee, customer, and vendor retention

 

For more information, contact:

Chris Bovis
Partner
785-764-6248
CBovis@HartMarxAdvisors.com

Tim Wheeler
Partner
248-515-6344
TWheeler@HartMarxAdvisors.com

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

 

 

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

Minority Ownership Investor

Looking for Minority Ownership Investment Opportunities In Automotive Aftermarket

We have a client interested in making a minority ownership investment in the aftermarket. They are looking for targets with a strong management team and a vision to triple sales in five years if they have the backing of a significant and dedicated investor for organic and inorganic growth.

Acquisition Target Profile

  • Interested in a 20-80% ownership position, $20 to $100 million in equity investment.
  • US or Canadian ownership.
  • $40 to $500 million in current sales with high EBITDA margins.
  • Strong management team – or an outside manager with a strong track record of success. Must have equity in the business or willing to buy into the business.
  • Focus on automotive aftermarket, no or very limited OE. Some sales in other markets are acceptable, such as agriculture, industrial, marine, etc.
  • Manufacturers preferred, US or Canada manufacturing locations.
  • If a distributor, MUST have a value-added component.
  • If retail – stores or online consumer sales – probably not interested unless a VERY compelling/unique business.
  • DIFM service businesses will be considered.
  • Recurrent sales, products that are used and reordered.
  • Diversified customer base, not dependent on a few very large customers.

For more information, contact Tom Marx at 415-462-1805 or email tmarx@hartmarxadvisors.com.

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DISTRIBUTION & LIGHT MANUFACTURING

SMALL TO MID CAP – AUTOMOTIVE AFTERMARKET SPECIALTY DISTRIBUTION COMPANY WITH LIGHT MANUFACTURING

Acquisition Target Profile

  • Timing is immediate and continuous
  • Sales Revenue in the $5-250M range
  • EBITDA of $1M or greater
  • General categories of acquisition candidates are identified as companies that manufacture and/or distribute lubes, greases, oils, adhesives and sealants, diesel and gas additives, as well as specialty and limited hard parts
  • Acquirer prefers 100% buyout but would be willing to look other options that fit their business model
  • Executive management team desired, however operations management team required
  • Prefer fit with core distribution capabilities to include specialty products that fit alongside company’s current product portfolio with little to no OEM (OE Service business OK)
  • Light manufacturing targets should enhance current portfolio (mainly chemicals) and generate strong cash flow with minimal capital requirements
  • Looking for geographic expansion in large, underpenetrated markets such as Los Angeles, Atlanta, Denver, Chicago, and Pacific Northwest
  • Prefer company with headquarters in US with primarily domestic US business
  • All cash at closing
  • May stay in current facilities or relocate

For more information, contact Tom Marx at 415-601-1787 or email tmarx@hartmarxadvisors.com.

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CHEMICAL MANUFACTURER

SMALL TO MID CAP – CHEMICAL MANUFACTURING COMPANY

Acquisition Target Profile

  • Timing is immediate and continuous
  • Sales Revenue in the $10-250M range
  • EBITDA of $1M or greater
  • Acquisition candidates are domestic and international industrial MRO chemical (chemical or chemical formulations) product line companies that could be absorbed into acquirer’s global distribution network. Branded packaged goods preferred, although some bulk sales are OK
  • Acquirer looks to strengthen products or markets with related products in complementary categories
  • Acquirer prefers 100% buyout but would be willing to look other options that fit their business model
  • Product line carve out from larger entity will be considered as long as stand-alone financials meet minimum criteria above
  • Executive management team preferred but not required. Strong operations team in place a requirement
  • All cash at closing
  • May stay in current facilities or relocate

For more information, contact Tom Marx at 415-601-1787 or email tmarx@hartmarxadvisors.com.

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Parts Store

Single location jobber store in Southern California supplies replacement parts to professional service providers.

  • Jobber store specializing in parts for Asian light vehicles
  • Projected annual sales are $1.2M / 65% DIFM and 35% DIY
  • Specialize in underhood, brake and chassis parts
  • One of the few independently owned and operated auto parts suppliers in their area
  • Inventory turns about 3.1 times
  • Opportunity for owner-operator to grow sales and expand territory; for existing business to add location; for competitor to remove company from market
  • Close to a major thoroughfare that features auto dealerships, retail and malls
  • Located close to a wide variety of independent and chain auto repair businesses, all located within a 5-mile radius of their location
  • Future growth can be achieved by adding inventory of parts for domestic vehicles

Contact Christine Campbell at ccampbell@marxgroupadvisors.com; 415-453-0844, ext. 112

DRIVE SHAFT MANUFACTURING COMPANY

FOR SALE: Drive Shaft Remanufacturing Company

  • Manufactures / remanufactures drive shafts for cars, light and medium duty trucks and SUVs
  • In the Midwest, but can be relocated
  • Primary markets: distributors, driveline specialists, fleets and other remanufacturers
  • Focus: four-wheel drive and light truck market
  • Hundreds of different part numbers, providing coverage to a wide range of vehicle makes, models, and years
  • Current  Sales $6.5M; current EBITDA:  $1.4M
  • Owners wish to retire
  • Consistent growth in the past 4+ years
  • Excellent strategic acquisition opportunity for an acquirer that wishes to gain reliable market share
  • Upside growth opportunity to extend into other vehicle brands, regional and national fleets and other markets (company has not been aggressive in marketing and sales)
For more information, please contact Christine LeMay, Marx Group Advisors,  clemay@marxgroupadvisors.com or call (415) 453-0844 x 112.

COLLISION REPAIR SHOP

FOR SALE – Collision Repair Shop

  • Auto body and paint repair facility, jobber for paint and supplies
  • Profitable, stable, with growth potential
  • Total revenues around $700,000
  • Strong relationship with insurance companies (ICAR Gold Certified)
  • 6 Bays
  • Located in Northwest Wisconsin
  • Owners ready to retire

For more information, please ontact Christine Campbell at ccampbell@marxgroupadvisors.com; 415-453-0844, ext. 112

National Automotive Aftermarket Specialist Distributor

The company provides customers with repair and collision parts that are the Original Equipment Manufacturer (OEM) brand merchandise at competitive prices. Domestic and world-wide sourcing, integrating the company’s order writing with customer inventory and sales systems, and maintaining a very high level of customer trust and service are key elements to the company’s success.

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