Vista-Pro Automotive, LLC

Automotive Aftermarket Replacement Parts

vistaproauto.com

DEAL TEAM

John A. Hatherly

Richard J. Renaud

Terry M. Theodore

 

Business: 

Vista-Pro Automotive, LLC ("Vista-Pro") is a leading designer, manufacturer and distributor of non-discretionary aftermarket automotive replacement parts including radiators, condensers, heater cores, remanufactured starters and alternators, hydraulic steering systems, rack and pinion systems and power steering pumps, and air conditioning products.

Transaction: 

Wynnchurch formed Vista to acquire manufacturers of non-discretionary aftermarket automotive replacement parts. The first acquisition by Vista was Centrum Equities, XV ("Centrum") which closed in July 2009. The second acquisition by Vista was to purchase select assets and operations of Proliance International Inc. ("Proliance") which was acquired in a bankruptcy purchase. Vista was selected as the stalking horse bidder in a limited sale process and the transaction closed in August 2009. The two combined companies are now called Vista-Pro Automotive and are headquartered in Nashville, TN.

Opportunity: 

While Centrum and Proliance have historically been direct competitors, combining the two entities represented an opportunity to form the leading North American supplier of aftermarket radiators and heater cores with the lowest cost manufacturing, highest quality service levels, and the largest, customer base.

Strategy: 

Vista-Pro's strategy is to acquire and integrate non-discretionary automotive aftermarket parts suppliers to assemble the leading company in North America providing its customers the lowest cost and highest level of service and quality. Vista-Pro will focus on aftermarket components that it can manufacture or remanufacture in its own North American facilities thereby optimizing lead times, cost, quality and service levels.

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