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By Counterman
Driven Distribution, LLC, a warehouse distributor of automotive aftermarket hard parts, consumables and accessories backed by HCI Equity Partners, announced that it has acquired the auto parts and accessories distribution business of Chicago Parts & Sound. Financial terms of the transaction were not disclosed. This marks the second transaction in the Driven Distribution platform, following the recapitalization of Tri-State Enterprises, Inc. in November 2023.
Based in Elk Grove Village, IL, with additional locations in Illinois and Wisconsin, Chicago Parts & Sound is a warehouse distributor focused on automotive aftermarket parts, batteries, consumables and accessories. The Company serves auto dealerships, independent repair shops, municipalities, governments and company fleets.
Chicago Parts & Sound was founded in 1978 and acquired by Bob and Jackie Lederer in 2002. Since then, CPS has had a tremendous track record of success by providing value-added products and services to its clients, in addition to completing several acquisitions, according to a news release announcing the acquisition. Bob and Jackie said they are reinvesting in the Driven Distribution platform as part of the transaction and will continue to own and operate Police Department Systems (police and emergency vehicle upfitting services) and Coachcraft & Precision Services (specialty auto restoration services).
Bob Lederer, co-owner of CPS, said, “The history of Tri-State Enterprises is in many ways parallel to that of CPS – just in a different part of the country. Opportunities to combine businesses of such similar backgrounds, ideologies, culture, and customer focus make tremendous sense for all stakeholders in each company.”
“We are extremely impressed with the stellar business and established market reputation Bob and Jackie Lederer have built over the past 22 years. The combination of CPS and Tri-State as part of the Driven Distribution platform will enable us to expand our resources and capabilities to better serve our employees and customers,” said Tristan Taylor, CEO of Tri-State.
Scott Gibaratz, partner at HCI, added, “We are thrilled to welcome the CPS team to the Driven Distribution platform. Consistent with our original platform thesis, CPS represents a geographically strategic beachhead in the Midwest and is a great complement to Tri-State’s existing product categories. We look forward to working together to achieve our shared vision for growth.”
Dickinson Wright PLLC served as legal counsel to Driven Distribution and HCI.
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By Counterman
link hidden, please login to view(NMG) continues its rapid expansion, acquiring link hidden, please login to view out of Cleburne, Texas. Founded in 1977, 4M Parts Warehouse provides premium-quality auto parts for professional repair shops. Terms were not disclosed. 4M Parts Warehouse has 17 locations in North Texas and more than 120 employees. 4M Parts Warehouse President Lanny Martindale will join NexaMotion Group as VP of sales and operations.
“I’m excited about joining forces with NMG, as their strategic vision aligns perfectly with ours,” said Martindale. “This collaboration presents exciting growth opportunities for our team members and will allow us to bring new product lines to our customers in the North Texas market.”
Neil Sethi, CEO of NexaMotion Group, said, “This is a significant acquisition in a key strategic market for NMG, and we’re just getting started. 4M Parts Warehouse embodies our commitment to innovation and quality of service in supporting automotive repair shops. We’re excited for this new partnership and to expand our presence in North Texas.”
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By Counterman
Standard Motor Products, Inc. announced the continued expansion of its Ignition Coil program. Standard and Blue Streak offer more than 700 Coils, with new numbers added each month. Blue Streak by Standard Ignition Coils are available in multi-packs for a complete coil service, the company said.
In a news release announcing the program expansion,
link hidden, please login to viewexplained that it evaluates the original part, identifies the OE issues, and corrects those problems to deliver improved reliability. For instance, ignition coils on the Ford 4.6L engine generate too much heat, leading to premature failure. To solve this issue, Blue Streak by Standard FD503 Ignition Coils were redesigned with two additional bobbin segments to better distribute the energy, resulting in less heat and a longer service life. Many popular OE coils use a two-piece design requiring an O-ring that breaks down over time, allowing moisture to enter the coil and cause failure. Standard said it created a sealed, one-piece design that doesn’t require an O-ring, eliminating the risk of moisture intrusion. Recently released Standard Coils introduce coverage for the 2023-21 Ford F-150, 2023-20 Subaru Legacy and Outback, and 2022-19 Mercedes-Benz cars and SUVs. Additional new coverage includes popular vehicles like the 2024-22 Volkswagen Jetta and Taos, 2024-23 Ford Super Duty trucks, and the 2020-15 Alfa Romeo 4C. Currently, 15 Blue Streak Ignition Coil Multipacks are available for popular vehicles, with additional applications in development.
“Our Ignition Coil program is the most comprehensive in the industry,” said John Herc, vice president of vehicle control marketing at SMP. “We’re dedicated to continuously expanding our coverage with coils of the highest quality and best performance to meet the demands of professional technicians.”
All new Standard and Blue Streak Ignition components are listed in the catalog found at
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By Counterman
link hidden, please login to view announced the acquisition of Rowe Auto Service, marking the company’s third acquisition since the Berrodin Parts Warehouse affiliation in October 2023, and is in addition to 32 greenfield locations opened year-to-date in 2024 and 30 locations opened in 2023. link hidden, please login to viewalso announced that the recently purchased 217,000 sq. ft. distribution center in Chicopee, Massachusetts, is expected to open in March 2025. Rowe Auto Service in Oneonta, NY, has been owned and operated by the Odell and Hogan families for nearly 60 years. It was purchased by Howard J. Odell and Joseph R. Hogan in June 1964 from the original Rowe brothers. Their sons Lance E. Odell and Joseph D. Hogan worked in the business and, in June 1995, purchased the company from their fathers. They will stay on with Fisher Auto Parts beyond the transition.
“As a family-owned, privately held business with an experienced team of professionals, Rowe Auto Service is a good fit for Fisher Auto Parts,” said Geoffrey Shifflett, area vice president of Fisher Auto Parts. “We plan to grow market share in this region, so we are very pleased that Lance and Joe agreed to pass the torch to us, and we thank them for staying on to help with the transition.”
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