Highview Capital announced a partnership with B&R Auto Wrecking, a provider of recycled automotive parts. B&R provides recycled parts to automotive collision and repair centers and do-it-yourself customers. The company operates 19 locations across the Western U.S. focused on dismantling processes, technology and customer service in an environmentally friendly way.
Schwartz Advisors served as the sell-side advisor. Following the close of Highview’s investment, both the Perlenfein family and Jeff Helget, B&R’s president, will retain significant stakes in the business, Highview said. Helget will continue to serve as B&R’s president.
“I founded B&R with the goal of providing our customers with high quality auto parts at a fair price in a timely manner,” said Rick Perlenfein, founder of B&R. “This investment from Highview is a reflection of our team’s hard work and how far we’ve come in the past four decades. We are incredibly excited to partner with the Highview team as we enter our next phase of growth.”
“We are impressed with the B&R team and their ability to scale the business over the last few decades,” said Steve Russell, senior portfolio manager of Highview Capital. “B&R has established itself as one of the premier operators in the industry, and we share the team’s vision for future growth. Our team at Highview is well positioned to support B&R in its next chapter, and we look forward to investing in expanding existing customer relationships, driving further operational excellence, and executing on strategic acquisitions.”