WILsquare Capital Expands with Paint Works Acquisition
Deal News | Dec 18, 2024 | WILsquare Capital LLC
WILsquare Capital, a private equity firm focusing on lower-middle market investments, has expanded the distribution footprint of its portfolio company, Automotive Color & Supply (ACS), with the acquisition of Paint Works. Paint Works is a respected distributor of automotive and industrial paint products. This acquisition is expected to enhance ACS's reach and service capabilities in the southern United States, allowing ACS to build on Paint Works' established goodwill and reputation. The acquisition will preserve the Paint Works brand and logo, while integrating Paint Works' operations and staff into ACS's framework. The leadership of both companies, including ACS CEO Josh Byers and Paint Works founder Chad Neal, express mutual excitement about the partnership, emphasizing shared values and a commitment to customer service. WILsquare Capital expects this move to solidify ACS's market position and foster stronger vendor relationships.
Sectors
- Private Equity
- Automotive and Industrial Paint Distribution
Geography
- United States - Southern Region – The acquisition aims to enhance distribution capabilities in Texas, Arkansas, and Louisiana, reflecting its regional impact.
Industry
- Private Equity – The article involves WILsquare Capital, a private equity firm, highlighting an acquisition by its portfolio company.
- Automotive and Industrial Paint Distribution – The acquisition is related to the distribution of automotive and industrial paint products, impacting the distribution sector.
Financials
- Not Disclosed – The terms of the transaction between ACS and Paint Works have not been revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WILsquare Capital LLC | Bidding Company | Company | A lower-middle market private equity firm focused on strategic acquisitions to expand its portfolio companies. |
| Automotive Color & Supply (ACS) | Target Company | Company | A company within WILsquare Capital's portfolio, specializing in the distribution of automotive and industrial paint products. |
| Paint Works | Selling Company | Company | A regional distributor of automotive and industrial paint products acquired by ACS. |
| Josh Byers | CEO of ACS | Person | The CEO of Automotive Color & Supply, leading the integration of Paint Works. |
| Chad Neal | Founder of Paint Works | Person | The founder of Paint Works, now partnering with ACS following the acquisition. |
| Jack Randazzo | Managing Director at WILsquare Capital | Person | A key executive at WILsquare Capital involved in the strategic direction of the acquisition. |