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HCI Equity Partners completes acquisition of Chicago Parts & Sound, LLC to strengthen automotive aftermarket distribution

Oct 23, 2024•about 1 year ago

Acquiring Company

HCI Equity Partners

Acquired Company

Chicago Parts & Sound

WashingtonElk Grove VillageSustainabilityFinancial ServicesAutomotiveManufacturing

Description

HCI Equity Partners has announced the launch of Driven Distribution Group, a new automotive aftermarket distribution platform, coinciding with the acquisition of Chicago Parts & Sound, LLC. By bringing together Chicago Parts & Sound and Tri-State Enterprises under the Driven Distribution Group umbrella, HCI aims to establish a leading platform in the automotive aftermarket industry by equipping its brands with shared resources, strategic vision, investment, and advanced technology to deliver best-in-class customer service.

Company Information

Company

HCI Equity Partners

Location

Washington, District Of Columbia, United States

About

HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder owned distribution, manufacturing, and service companies. HCI is headquartered in Washington, DC. For more information, please visit www.hciequity.com.

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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