Schwartz Advisors served as the buy-side adviser to Trivest in its successful investment of Transit, a leading supplier and distributor of branded aftermarket auto parts in Canada.
Transit is one of the largest auto parts suppliers and distributors in eastern Canada. Headquartered in Levis, Quebec, the company supplies more than 17,000 parts in undercar categories such as brakes, chassis and suspension. It services more than 1,000 customers – including auto parts retailers, jobbers, online distributors and wholesalers – through its eight warehouses located in Quebec, Ontario, Newfoundland, New Brunswick and Nova Scotia.
According to Trivest, the partnership is focused on helping Transit and its management team accelerate their lofty growth plans.
The Schwartz Advisors’ team of industry experts helped the Trivest team understand the Canadian aftermarket, as well as Transit’s market position and strategies for growth.
“This is another example of Schwartz Advisors’ unique ability to guide investors as they assess markets and acquisition targets,” said Schwartz Advisors Managing Partner Rick Schwartz. “We thank Trivest for their trust in us and look forward to seeing great things out of their new partnership with Transit.”
The acquisition will serve as a new platform for Trivest within its Growth Investment Fund II, the firm’s non-control investment strategy. Trivest helps founder-owned companies grow and evolve in several markets, including healthcare, consumer/retail, manufacturing, technology, business services and value-added distribution.
The Schwartz Advisors team was led by Partner Tony Cristello and included Managing Partner Derek Kaufman and Partners Dave Peace and Bruce Tartaglione.
