EXETER, PA -- Keystone Automotive has reached a definitive agreement to acquire Reliable Automotive. Currently, Reliable Automotive distributes more than 300 product lines nationally to more than 15,000 customers via 10 warehouse facilities and seven sales offices.

"Reliable is well established in many of its markets, and this acquisition will complement Keystone's organic growth strategy in the Southeast, the Midwest and on the West Coast," said Bob Vor Broker, CEO of Keystone Automotive Operations. "We believe that by combining these two organizations we can become better partners to our customers by offering them broader product offerings, deeper inventory positions and an expanded number of distribution locations."

"With Keystone's great distribution platform and Reliable's geographic coverage, we are excited about the growth opportunities this offers for our customer base," said Bob Price, CEO of Reliable Automotive, which is headquartered in Overland Park, KS.

Keystone Automotive, which is owned by global private investment firm Bain Capital, has more than tripled its revenues over the past 10 years through a combination of business acquisitions and organic growth. In 2003, the company expanded its operations to the West Coast with the opening of an 80,000 square-foot hub in Corona, CA.

In 2004, Keystone Automotive began delivery into Northern California, Nevada and Arizona. In May 2005, it purchased Blacksmith Distributing, Inc., a premier automotive aftermarket accessory distributor. In addition, over the last two years Keystone Automotive has added to its existing service capabilities in Florida, Massachusetts, Ohio, Pennsylvania, Texas and Canada.

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