Connect with us

Financial

Investcorp Announces Acquisition Of KSI Trading Corp.

Founded in 1984, KSI is a distributor of quality replacement auto body parts servicing more than 10,000 collision repair shop customers across 25 locations in 14 states.

Advertisement

Investcorp, a global provider and manager of alternative investment products, has announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the U.S. The terms of the transaction were not disclosed.

Click Here to Read More
Advertisement

Founded in 1984, KSI is a distributor of quality replacement auto body parts servicing more than 10,000 collision repair shop customers across 25 locations in 14 states. In addition to top-quality products, KSI has succeeded in providing superior customer service, rapid order turnaround and competitive pricing over the last three decades. Headquartered in South Plainfield, New Jersey, KSI has more than 600 employees across the U.S.

KSI will be led by Christopher Patti, the company’s newly appointed CEO, who brings experience in both privately-held as well as publicly-traded companies. Patti has held leadership roles in the automotive aftermarket industry since 2007, when he joined Keystone Automotive Operations. More recently, he was senior vice president of sales and marketing for North America at LKQ, where he was responsible for sales in both the salvage and aftermarket collision business units as well as the Paint, Body & Equipment (PBE) business.

Advertisement

“We are excited to partner with KSI, as they have proven their ability to execute through various market cycles,” said Steve Miller, managing director of Investcorp’s Corporate Investment group in North America. “We have been extremely impressed with the quality and dedication of the KSI employees who have built this company. We look forward to working with Chris and the entire KSI team and we are confident in the company’s ability to continue to deliver results, increase market share and accelerate growth over the long term.”

“I’m thrilled to join the best-in-class team at KSI,” said Patti. “With Investcorp as a partner, KSI is well-positioned to continue to deliver both strong growth and exceptional customer service.”

Advertisement

Investcorp has a strong history of investments in the automotive and related markets. With this acquisition, Investcorp says it sees an opportunity for KSI to grow by expanding geographically, through the opening of greenfield locations, pursuing acquisitions and establishing stronger relationships with insurance companies and multi-shop operators.

Advertisement

POPULAR POSTS

Sponsored Content

SRX Series a Natural Fit for FRAM®

Connect
aftermarketNews