National Auto Parts, USA. Inc., NAP San Diego, and National Auto Parts-Oakland are combined to form Collision Auto Parts with six distribution facilities
New York and San Diego—Palladium Equity Partners announced last week it has partnered with management to create a platform named Collision Auto Parts LLC, through the simultaneous acquisition and subsequent combination of three automotive aftermarket collision repair part companies: National Auto Parts, USA. Inc., NAP San Diego, LLC, and National Auto Parts-Oakland, LLC — collectively now Collision Auto Parts.
The goal of Collision Auto Parts is to grow these three companies and, over time, expand the company’s base through further acquisitions and opening additional locations. Financial terms were not disclosed.
As a result of this combination, Collision Auto Parts becomes a distributor of aftermarket automotive collision repair parts serving markets in the Western U.S. with six distribution facilities. The newly formed company will build on a base of over 3,000 customers comprised of regional body shops, multiple-shop operators and walk-ins. Additionally, the new company has strong partnerships with insurance companies and is integrated with the major estimation platforms through which insurance companies and body shops source parts.
“We are delighted to partner with Palladium Heritage,” said Collision Auto Parts CEO Ray Tsai. “With Palladium’s resources and expertise, we intend to embark on a focused growth strategy, through adding new locations and completing acquisitions to continue to provide our customers with superior availability and customer service.”
Palladium Heritage Managing Director Lamar Horne added, “We are thrilled to support management with additional resources and together capitalize on the positive industry tailwinds.”
Kate Lehman, a partner at Palladium Heritage, said, “We believe that this is a very strong platform upon which to build and in line with Palladium Heritage’s focus, we look forward to helping propel Collision Auto Parts to its next level of growth.”
About Collision Auto Parts
Comprised of three entities that operate six distribution facilities across New Mexico and California, Collision Auto Parts is a distributor of certified and non-certified aftermarket collision repair parts. The company’s product categories include bumper covers, grilles, fender lines, hoods, tail lamps, head lamps and others. Collision Auto Parts utilizes a fleet of trucks to deliver parts to customers on a daily basis. Through tenured supplier relationships, the company has been able to develop and maintain customer relationships with national and regional MSOs.