M&A Deal Summary

Highline Warren Acquires Service Champ

On March 17, 2017, Highline Warren acquired distribution company Service Champ from TruArc Partners

Acquisition Highlights
  • This is Highline Warren’s 2nd transaction in the Distribution sector.
  • This is Highline Warren’s 2nd transaction in the United States.
  • This is Highline Warren’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-03-17
Target Service Champ
Sector Distribution
Buyer(s) Highline Warren
Sellers(s) TruArc Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Service Champ

Chalfont, Pennsylvania, United States
Service Champ is an distributor of automotive aftermarket maintenance parts and accessories to oil change shops, distributing over 4,500 consumable products, including oil filters, air filters, wiper blades, and chemicals, to locations in the United States and Canada.

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Buyer(S) 1

Buyer

Highline Warren

Memphis, Tennessee, United States

Category Company
Founded 2016
Sector Distribution
DESCRIPTION

Highline Warren is a national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. Highline Warren was founded in 2016 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 2 of 4
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 DYK Automotive

Medina, Minnesota, United States

DYK Automotive LLC is an automotive aftermarket distributor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Warren Distribution

Omaha, Nebraska, United States

Warren Distribution is a private label blender and the largest independent motor oil, lubricants and automotive chemicals manufacturers and suppliers in North America. Warren Distribution is a private label supplier for some of the largest retailers, marketers, and lubricant distributors in North America and has customers in more than 30 countries. It has the capacity to produce millions of gallons of bulk and packaged lubricants from more than 1,100,000 square feet of manufacturing and distribution facilities in Iowa, West Virginia, Alabama, and Texas. Warren Distribution was formed in 1922 and is headquartered in Omaha, Nebrask.

Buy -

Seller(S) 1

SELLER

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York, New York.


DEAL STATS #
Overall 8 of 16
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 5 of 7
State (Pennsylvania) 1 of 1
Country (United States) 8 of 16
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Laureate

Miami, Florida, United States

Laureate is a provider of higher education. The company’s network of 60 accredited campus-based and online universities offers undergraduate and graduate degree programs to more than 740,000 students across 29 countries. Laureate offers more than 130 career-focused, undergraduate, master’s, and doctoral degree programs in fields including architecture, art, business, culinary arts, design, education, engineering, health sciences, hospitality, information technology, law, and medicine. Laureate was founded in 1998 and is based in Baltimore, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Velvet

Culver City, California, United States

Velvet designs, manufactures and sells upscale women's and men's apparel. Velvet's portfolio covers a wide range from contemporary to designer price points and includes t-shirts, tops, pants, shorts, skirts, dresses and other categories. Products are primarily sold domestically through wholesale (department and specialty stores), online and retail channels and internationally through distributors.

Sell $37M