#USA #St. Louis #WILsquare Capital #Automotive Color & Supply #Paint Works

WILsquare Capital Expands Automotive and Industrial Paint Distribution Footprint

On December 18, 2024, WILsquare Capital, a private equity firm focused on lower-middle market businesses, announced a significant acquisition aimed at strengthening its presence in the automotive paint distribution sector. The firm’s portfolio company, Automotive Color & Supply (ACS), has successfully acquired Paint Works, a well-known distributor based in the South, noted for its comprehensive range of automotive and industrial paint products.

Expanding Reach and Capabilities

The acquisition of Paint Works will significantly enhance ACS's operational reach and capabilities, particularly in regions such as Texas, Arkansas, and Louisiana. This strategic move not only broadens the product offerings available to ACS customers but also reinforces its commitment to customer satisfaction. By consolidating resources and expertise, ACS intends to deliver enhanced service and reliability, vital in today’s competitive market.

Josh Byers, the third-generation CEO of ACS, expressed enthusiasm about the partnership, emphasizing the company’s dedication to preserving the legacy of the Paint Works brand while leveraging the experienced workforce and deep-rooted vendor relationships that Paint Works has cultivated over the years. “We are excited to utilize Paint Works’ talented employees and loyal customer base to drive our growth and improve operational efficiencies,” said Byers, underlining the commitment to maintaining the standards that customers expect from both brands.

Honoring Legacy while Focusing on Growth

Paint Works has a reputable history and goodwill built over decades in the automotive paint distribution arena. Chad Neal, the founder of Paint Works, echoed this sentiment, stating his excitement in joining forces with ACS to continue the legacy of exceptional service. Neal expressed confidence in ACS’s approach to growth, emphasizing the importance of maintaining the reputation and commitment to customer-centric service that Paint Works has been known for.

The integrity and shared vision between the two firms signify a promising future for the newly expanded operation. Both companies aim to uphold a service-first philosophy while enhancing the efficiency and effectiveness of their business operations.

Strategic Impact on the Market

Jack Randazzo, Managing Director at WILsquare Capital, commented on the acquisition, noting that it represents a vital step in ACS’s strategy to become a leading distributor in the automotive and industrial paint sectors. “This partnership not only strengthens ACS's market position but highlights a prevailing industry trend towards customer-focused acquisitions,” stated Randazzo. The acquisition reflects a strategic alignment that further opens avenues for collaboration with high-quality vendors and provides a robust platform for growth.

As WILsquare Capital continues to support growth in lower-middle market businesses, the acquisition of Paint Works exemplifies their directive to create value through strategic partnerships. By maintaining a customer-focused approach, both ACS and Paint Works are well-positioned to tackle the challenges of the evolving automotive supply landscape.

In conclusion, the merger of these two esteemed firms is expected to create significant synergies that will benefit customers while fostering innovation and excellence in service delivery across all operational fronts. WILsquare Capital's ongoing commitment to investing in leading service providers underscores its mission to keenly focus on market demands and elevate customer service standards in the industry.