NexaMotion Group Completes its Third Acquisition of the Year with City Auto Supply
NexaMotion Group (NMG) has completed its third acquisition of the year by purchasing City Auto Supply, a veteran-owned with three wholesale distributor locations - two in San Francisco and one in Honolulu. Founded in 1986, City Auto Supply carries over 100,000 individual parts and is a leading automotive parts distributor. This marks NMG's fifth acquisition in the general repair space over the past 18 months. The terms of the acquisition were not disclosed.
NexaMotion Group (NMG) ha completato la sua terza acquisizione dell'anno acquistando City Auto Supply, un'azienda di proprietà di veterani con tre sedi di distribuzione all'ingrosso - due a San Francisco e una a Honolulu. Fondata nel 1986, City Auto Supply offre oltre 100.000 pezzi singoli ed è un distributore leader di parti per autoveicoli. Questa è la quinta acquisizione di NMG nel settore della riparazione generale negli ultimi 18 mesi. I termini dell'acquisizione non sono stati divulgati.
NexaMotion Group (NMG) ha completado su tercera adquisición del año al comprar City Auto Supply, una empresa propiedad de veteranos con tres ubicaciones de distribución mayorista: dos en San Francisco y una en Honolulu. Fundada en 1986, City Auto Supply ofrece más de 100,000 piezas individuales y es un distribuidor líder de piezas automotrices. Esta es la quinta adquisición de NMG en el espacio de reparación general en los últimos 18 meses. No se han divulgado los términos de la adquisición.
NexaMotion Group (NMG)는 City Auto Supply를 인수하여 올해 세 번째 인수를 완료했습니다. 이 회사는 샌프란시스코에 두 개, 호놀룰루에 하나의 도매 유통 센터를 운영하는 재향 군인 소유 기업입니다. 1986년에 설립된 City Auto Supply는 100,000개 이상의 개별 부품을 보유하고 있으며, 자동차 부품 유통의 선두주자입니다. 이는 NMG가 지난 18개월 동안 일반 수리 분야에서 진행한 다섯 번째 인수입니다. 인수 조건은 공개되지 않았습니다.
NexaMotion Group (NMG) a finalisé sa troisième acquisition de l'année en achetant City Auto Supply, une entreprise détenue par des vétérans avec trois sites de distribution en gros - deux à San Francisco et un à Honolulu. Fondée en 1986, City Auto Supply propose plus de 100 000 pièces individuelles et est un distributeur leader de pièces automobiles. C'est la cinquième acquisition de NMG dans le secteur de la réparation générale au cours des 18 derniers mois. Les modalités de l'acquisition n'ont pas été divulguées.
NexaMotion Group (NMG) hat seine dritte Übernahme des Jahres abgeschlossen, indem es City Auto Supply erworben hat, ein von Veteranen geführtes Unternehmen mit drei Großhandelsstandorten – zwei in San Francisco und einem in Honolulu. Gegründet im Jahr 1986, bietet City Auto Supply über 100.000 einzelne Teile an und ist ein führender Distributor von Autoteilen. Dies ist die fünfte Übernahme von NMG im Bereich der allgemeinen Reparatur in den letzten 18 Monaten. Die Bedingungen der Übernahme wurden nicht bekannt gegeben.
- Strategic expansion with three new wholesale locations in key markets (San Francisco and Honolulu)
- Addition of 100,000+ individual parts to inventory portfolio
- Demonstrates consistent M&A execution with 5th acquisition in 18 months
- Undisclosed acquisition terms limiting financial impact assessment
- Integration costs and risks associated with multiple acquisitions in short timeframe
Insights
This acquisition marks a significant strategic expansion for NexaMotion Group, particularly in the western U.S. market. The addition of City Auto Supply's three locations, including a strategic foothold in Hawaii, enhances NMG's distribution network and market presence. The company's aggressive acquisition strategy, with 5 acquisitions in 18 months, signals strong growth momentum in the automotive aftermarket sector.
While financial terms weren't disclosed, City Auto Supply's extensive inventory of 100,000+ parts and established presence in the San Francisco Bay Area since 1986 suggests a valuable addition to NMG's portfolio. This acquisition pattern indicates a clear roll-up strategy in the fragmented auto parts distribution market, potentially leading to improved operational efficiencies and expanded market share. The focus on the general repair space shows NMG is targeting a stable, recurring revenue segment of the automotive aftermarket.
City Auto Supply is a
"An organization like NexaMotion Group is a great partner for City Auto Supply customers and team members. Our business is strategically aligned with NexaMotion Group and its leaders, and most importantly, we share the same values" said City Auto Supply owner Larry Chew. "NexaMotion Group and its subsidiaries are known for providing top-quality parts and exceptional service in the aftermarket industry."
Neil Sethi, President and CEO of NexaMotion Group, shares his excitement about the company's growth momentum: "This marks our fifth acquisition in the general repair space over the past 18 months, and we're just getting started. Our mission has always been to simplify complex vehicle repair, and with each acquisition, we strengthen our ability to serve customers more effectively. We're eager for what the future holds as we continue to expand and innovate."
About NexaMotion Group
NexaMotion Group's mission is to simplify complex vehicle repair to keep the world moving. NexaMotion Group helps automotive professionals shift into high gear with next-level solutions and innovation. Backed by 50 years at the forefront of the aftermarket industry, NexaMotion Group combines the power of strong connections and readily available supplies with over 125 locations. Learn more at https://www.nexamotiongroup.com/.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nexamotion-group-completes-its-third-acquisition-of-the-year-with-city-auto-supply-302293176.html
SOURCE NexaMotion Group
FAQ
What companies did NexaMotion Group (NMG) acquire in October 2024?
How many locations does City Auto Supply bring to NMG's network?
How many acquisitions has NMG completed in the general repair space recently?