Miami, FL, June 24, 2018 - National Auto Parts Warehouse Companies (NPW) announced that it has agreed to acquire the San Diego location of APW Knox-Seeman Warehouse, expanding its presence in southern California. The transaction is closed June 24, 2018. The San Diego location is the second NPW acquisition in the rapidly growing southern California market, and joins three other NPW locations in the state of California, the largest car parc in the country. The San Diego location has been in business there since 2010.
“We’re excited to complete another acquisition in the California market,” said Larry Pacey, President and CEO of NPW. “APW’s San Diego warehouse is in a great location and we look forward to serving the customers and expanding the customer base.”
“We’re pleased to leave our San Diego operation, its management and customers in the hands of NPW,” said T. Young Suhr, Founder and Owner of APW Know-Seeman. “NPW has an excellent reputation for customer service and good business practices, which made us very comfortable in deciding to complete this transaction.”
Schwartz Advisors, LLC is acting as the exclusive sell-side advisor to APW Knox-Seeman. Managing Partners Rick Schwartz and Keith Zar and Partner Rick Guirlinger worked on the transaction.
About National Auto Parts Warehouse
Founded in 1969, National Auto Parts Warehouse Companies is a leader in marketing traditional, performance and truck accessories in North America. The company stocks a wide range of manufacturer’s products in its 16 warehouse locations across the United States and Canada.
About APW Kox-Seeman Warehouse
Founded in 1972, APW Knox-Seeman serves independent jobber auto parts stores, single and multi-bay repair shops in southern California, and special orders all over the world. The company distributes automotive parts daily from its main warehouse located in Carson, and from satellite warehouses in Gardena, Los Angeles, Garden Grove, Compton, Corona, and San Gabriel.
About Schwartz Advisors
With unmatched industry expertise and experience, Schwartz Advisors provides leading-edge and comprehensive M&A advisory services, growth planning and strategic analysis to middle market automotive companies and investors. SA’s team of former automotive and transportation industry executives and current industry leaders brings its proven expertise to merger and acquisition opportunities and strategic planning challenges.