M&A Deal Summary

Breck Partners and Patriot Capital Acquire Alloy Wheel Repair Specialists

On June 26, 2023, private equity firms Breck Partners and Patriot Capital acquired automotive company Alloy Wheel Repair Specialists

Acquisition Highlights
  • This is Breck Partners’ 1st and Patriot Capital’s 6th transaction in the Automotive sector.
  • This is Breck Partners’ 2nd and Patriot Capital’s 105th transaction in the United States.
  • This is Breck Partners’ 1st and Patriot Capital’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2023-06-26
Target Alloy Wheel Repair Specialists
Sector Automotive
Buyer(s) Breck Partners
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Alloy Wheel Repair Specialists

Norcross, Georgia, United States
Alloy Wheel Repair Specialists provides on-site repair of cosmetic damage to alloy wheel cores, off-site remanufacturing of structurally damaged wheels, and OEM replacement parts through a strong retail network. Alloy Wheel Repair Specialists was founded in 2001 and is based in Norcross, Georgia.

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Buyer(S) 2

Buyer

Breck Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Focused
DESCRIPTION

Breck Partners is a private equity firm focused on acquiring mid-sized, North American industrial companies. The Firm looks for businesses with $50 to $250 million in revenue with a preference for companies that are underperforming their potential, experiencing slow growth or low margins, competing in difficult or out-of-favor industries, corporate carve-outs, or broken auctions. Breck Partners is based in Frisco, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Essential Cabinetry

Simpsonville, South Carolina, United States

Essential Cabinetry is a manufacturer of custom, semi-custom, and stock-plus kitchen and bathroom cabinetry that is sold primarily through the dealer channel. Essential Cabinetry was founded in 1993 and is based in Simpsonville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 NPX One

Reading, Pennsylvania, United States

NPX One is a food packaging manufacturer providing foam trays for fresh protein products to food processors, distributors, and supermarkets. NPX One is based in Reading, Pennsylvania.

Buy -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 105 of 108
Sector (Automotive) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 33 of 33
State (Georgia) 2 of 2
Country (United States) 105 of 108
Year (2023) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Race Technologies

Irvine, California, United States

Race Technologies provides supply chain services and high-performance product distribution across the globe and has been serving the global performance automotive and motorcycle racing, custom build, and enthusiast markets. Race Technologies was founded in 1998 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 Salem One

Winston-Salem, North Carolina, United States

Salem One is a provider of corporate communication solutions, including direct marketing, packaging, and logistics services. Salem One is based in Winston-Salem, North Carolina.

Buy -
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