M&A Deal Summary

Sentinel Capital Partners Acquires Empire Auto Parts

On November 18, 2021, private equity firm Sentinel Capital Partners acquired distribution company Empire Auto Parts from Tenex Capital Management

Acquisition Highlights
  • This is Sentinel Capital Partners’ 3rd transaction in the Distribution sector.
  • This is Sentinel Capital Partners’ 77th transaction in the United States.
  • This is Sentinel Capital Partners’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2021-11-18
Target Empire Auto Parts
Sector Distribution
Buyer(s) Sentinel Capital Partners
Sellers(s) Tenex Capital Management
Deal Type Secondary Buyout

Target

Empire Auto Parts

Totowa, New Jersey, United States
Empire Auto Parts is a specialty distributor of aftermarket collision parts. The company is an NSF P394 certified auto parts distributor, and it is a member of the Certified Automotive Parts Association (CAPA) and the Automotive Body Parts Association (ABPA). Empire has 16 locations serving 13 Northeast and Mid-Atlantic U.S. states. Empire Auto Parts is based in Totowa, New Jersey.

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Buyer(S) 1

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 84 of 96
Sector (Distribution) 3 of 3
Type (Secondary Buyout) 28 of 36
State (New Jersey) 2 of 3
Country (United States) 77 of 89
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 RefrigiWear

Dahlonega, Georgia, United States

RefrigiWear is a manufacturer of insulated industrial work wear, accessories, and personal protective equipment for use in sub-freezing temperatures, inclement weather, and low-visibility environments. RefrigiWear is based in Dahlonega, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 TTG Imaging Solutions

Pittsburgh, Pennsylvania, United States

TTG Imaging Solutions is a provider of end-to-end comprehensive services including imaging equipment sales (new and refurbished), equipment service and repair, and imaging administration (technician staffing, radiopharmaceutical supply) for nuclear, echo, and vascular cardiac systems. TTG Imaging Solutions is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Tenex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 16 of 25
Sector (Distribution) 3 of 4
Type (Secondary Buyout) 7 of 9
State (New Jersey) 1 of 1
Country (United States) 16 of 25
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 BELAY Solutions

Atlanta, Georgia, United States

BELAY Solutions is a virtual staffing company that offers assistants, bookkeepers, social media strategists, and website specialists services. BELAY Solutions was founded in 2010 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Suited Connector

Englewood, Colorado, United States

Suited Connector is a data solutions and marketing technology (MarTech) platform that fuels new customer growth and extends customer retention at scale across all consumer verticals, including but not limited to financial services, home services, and insurance. Suited Connector was founded in 2013 and is based in Englewood, Colorado.

Buy -