DYK Automotive, the parent company of Atlantic Pacific Automotive (AP Auto) and Superior Automotive, recently acquired Keltner Enterprises LLC from Gen Cap America, a private equity firm located in Nashville, Tenn. Specific terms of the agreement were not disclosed.
Keltner Enterprises distributes more than 100 national brands of automotive parts, lubricants and chemicals. Located in Springfield, Mo., distribution is concentrated in the Midwest serviced primarily through the company’s proprietary freight service.
The addition of Keltner Enterprises to the DYK family of automotive aftermarket companies will provide expanded opportunities in product coverage for both AP Auto and Keltner Distribution. The acquisition provides Keltner with a wider range of automotive products at discount prices, which has been the hallmark of AP Auto’s business. AP Auto benefits from a greatly expanded line of motor oil, lubricants and chemicals the focus of Keltner’s business for the past 57 years.
Both AP Auto and Keltner Distribution will continue to operate independently with their existing catalogs, sales staffs and customer service teams.
Don Youngblood, president and CEO, DYK Automotive LLC, commented, “We’re excited about what this transaction will provide for customers of both companies. It immediately expands our warehouse space to a combined 490,000 square feet in three strategic locations in Memphis, Tenn., Springfield Mo., and Riverside, Calif. This purchase accelerates our goal to establish a nationwide network of warehouses so customers have the largest selection of high velocity, consumable automotive products at discount prices. There’s no doubt that this is just the beginning of a very exciting relationship that will be mutually beneficial to both companies.”
Reed Colerick, president of Keltner Enterprises, added, “This change offers the best of both worlds expanded product lines for our customers, improved distribution opportunities outside of our traditional areas in the Eastern and Midwestern United States and improved efficiencies that will help keep prices low for our customers. Already we’ve experienced a smooth transition and I look forward to building a strong relationship with our parent company. ”