American Pacific Group (APG), a San Francisco-based private equity firm, together with Allam Taj and Christoph Ganz of Gray Eagle Capital Partners, has formed Aesop Auto Parts, a company that will serve as a platform to acquire and grow progressive auto recycling businesses. Simultaneously, Aesop acquired Wayne Auto Salvage, an established provider of full-service and self-service recycled automotive parts.
Aesop Auto Parts is committed to advancing the automotive repair industry by focusing on the environmentally friendly disposal of salvage vehicles, retaining and developing industry talent, and growing capabilities to recycle the cars of the future. Aesop is dedicated to promoting the use of recycled original parts by ensuring superior quality, affordability, and availability of recycled parts, as well as outstanding customer service and advocating for the recycled auto parts industry at large.
Wayne Auto Salvage, a Goldsboro, North Carolina-based company, operates full- and self-service automotive recycling businesses and provides high quality recycled original auto parts to the professional and do-it-yourself repair market. Founded in 1970, Wayne has been instrumental in developing its industry and creating industry leading processes to recycle vehicles. Wayne serves more than 1,500 clients nationwide.
“For decades Wayne Auto Salvage has been driven by advocating for the use of recycled original parts and making recycled parts more accessible,” said Dale Bevell, Wayne’s second-generation owner and the new president of Aesop. “Since 1970, my family has worked to build efficient and green recycling processes, a great team, and a strong base of highly valued customers. This industry has come a long way over the past few decades, mostly due to the collaboration and spirit of partnership in our industry. We are excited to join the Aesop Auto Parts family and to collectively build on that tradition of collaboration as we partner with other progressive yards to grow the industry and advance recycling practices.”
“We are excited to launch Aesop Auto Parts and to welcome Dale and Wayne Auto Salvage as the platform’s first acquisition,” Fraser Preston, managing partner at APG, commented. “The Wayne team are leaders in the industry, and we look forward to working with them to drive continued growth for Wayne and for the other businesses we hope to partner with through the Aesop Auto Parts platform.”
