The W.W. Williams Company LLC, a portfolio company of middle market private equity firm One Equity Partners, has acquired vehicle maintenance and parts provider Auto Safety House LLC (ASH). The current deal expands W.W. Williams’ geographic presence, sales volume and maintenance services. Terms of the transaction were not disclosed.
ASH is a Southwest provider of automotive parts and installation services headquartered in Phoenix, Arizona. The target owns three facilities for its bus and truck equipment business, servicing regional dealerships for Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM) and Ram trucks. ASH is the Thomas Built Bus distributor for the state of Arizona.
“ASH provided an excellent opportunity to expand W.W. Williams’ relationships with key OEMs in the Southwest, add expertise in retail parts, and bring traditionally outsourced fleet maintenance and repair work in-house,” states One Equity Partners director Matt Hughes.
W.W. Williams also provides mechanical repair services and products for commercial trucks, diesel power generators, warehousing, inventory management and logistics services. One Equity Partners, a New York-based PE firm formed in 2001 and later spun-off from JP Morgan, acquired a majority equity interest in W.W. Williams in August 2016. The investment helped W.W. Williams grow its service network and fleet maintenance operation. One Equity Partners has completed more than 140 transactions since the firm’s inception. In February, the firm raised a debut fund with more than $1.65 billion in outside capital.
Trucking and automotive repair businesses have become attractive targets. Related deals include: Carl Icahn’s purchase of Pep Boys - Manny Moe & Jack; Platte River Equity’s acquisition of CTS Engines; Ridgemont Equity Partners’ purchase of Worldwide Express from Quad-C Management; and Roark Capital-backed Driven Brands completed deal for Take 5 Oil Change Inc.