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Transtar Holding Company acquires PPi Automotive to enhance automotive aftermarket solutions

Jun 04, 2024•over 1 year ago

Acquiring Company

Transtar Holding Company

Acquired Company

PPi Automotive

ClevelandPittsburghAutomotiveRetailManufacturing

Description

Transtar Holding Company has acquired PPi Automotive, a family-owned and operated automotive parts wholesale distributor based in Pittsburgh, Pennsylvania. This acquisition is aimed at investing in PPi's product lines to better serve their customers in the future and supplement Transtar's organic product line extensions across its 100+ location footprint in North America.

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