Wheel Pros to Acquire Transamerican Auto Parts From Polaris
Wheel Pros, backed by Clearlake Capital Group L.P. and in partnership with management, has announced it has entered into a definitive agreement to acquire Transamerican Auto Parts (TAP) from Polaris Inc. TAP is a vertically integrated manufacturer, distributor, retailer and installer of off-road Jeep and light truck parts and accessories. In 2021, TAP generated nearly $760 million in revenue.
“We are thrilled to combine with TAP and build a vertically integrated omnichannel platform for aftermarket automotive enhancements across a wide range of vehicles,” said Randy White, co-founder and CEO, and Brian Henderson, chief strategy officer, at Wheel Pros. “TAP’s extensive product portfolio, proprietary brands, manufacturing capabilities, and omnichannel platform have resulted in an automotive and off-roading enthusiast following that we have long admired. We look forward to working with the TAP team as we undertake new initiatives to accelerate the growth of the combined business and continue to drive value for our customers, suppliers, and partners.”
TAP’s omnichannel platform operates under the 4 Wheel Parts brand, and serves automotive and off-roading enthusiasts through retail, eCommerce, and wholesale. The company has a growing online presence via 4WheelParts.com and 4WD.com, and TAP’s integrated platform enables buy online, pick up, and install in store. The transaction is expected to close early in the third quarter, subject to customary closing conditions.
NPW Miami Celebrates Grand Opening of New Headquarters & Distribution Center
NPW opened its new, state-of-the-art, 200,000-sq.-ft. distribution center and corporate headquarters in Hialeah, Florida.
NPW continues to expand with its new, state-of-the-art distribution center and corporate headquarters. Located in Hialeah, Florida, this facility has more than 200,000 sq. ft. of usable space, which includes a state-of-the-art conveyor system along with an automated sortation system. As of June 15, all receiving and shipping is being done from 5801 E. 10th Ave., Hialeah FL 33013.
A special lunch and ribbon-cutting ceremony was held with local dignitaries in attendance. Participating were Mayor Steve Bovo, State Representative Alex Rizo and City Council President Carl Zogby. NPW also had their key management on hand, including Founder and CEO Larry Pacey, his wife Hilda, sons Chris, the company’s executive vice president/COO, and John, vice president of purchasing.
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