Transtar Holding Company acquires PPi Automotive to expand general repair offerings

Jun 18, 2024•over 1 year ago

Acquiring Company

Transtar Holding Company

Acquired Company

PPi Automotive

Cleveland

PittsburghAutomotiveRetailManufacturing

Description

Transtar Holding Company, in partnership with Blue Point Capital Partners, has announced the acquisition of PPi Automotive, a family-owned and -operated automotive parts wholesale distributor. This acquisition marks Transtar Holding Company’s third general repair acquisition and fourth acquisition overall since February 2023, expanding its general repair offerings and momentum in the Northeast.

Company Information

Company

Transtar Holding Company

Location

Cleveland, Ohio, United States

About

Transtar Holding Company is a portfolio of businesses that provides world-class customer service, distribution and manufacturing of OE and aftermarket automotive products. Its business units include NexaMotion Group for the aftermarket industry and CoverFlexx Group for vehicle and equipment coatings. Learn more at www.transtarholding.com.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Transtar Holding Company acquires PPi Automotive to expand general repair offerings

Description

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M&A Insights

Company Information