VRA Partners, LLC is pleased to announce that All Star Auto Lights (“All Star” or the “Company”), a leading and rapidly growing specialty distributor of replacement automotive lighting parts, has completed a majority recapitalization with Atlantic Street Capital. VRA Partners acted as the exclusive financial advisor to All Star. Terms of the transaction were not disclosed.
All Star sells like-kind-and-quality (“LKQ”) recycled and refurbished OEM parts and certified aftermarket products, including headlights, tail lights and fog lights, to collision repair shops nationwide. The Company operates a national distribution network across 7 strategic locations and maintains strong customer relationships with leading multi-shop operators and independent collision repair shops across the U.S. As the number 2 player in the lighting category, All Star brings national scale, a comprehensive product offering and sophisticated operations to an otherwise fragmented mom-and-pop industry.
Atlantic Street Capital is a private equity firm that invests in lower middle market companies with between $4 million and $15 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-added strategic and operational initiatives. Atlantic Street Capital’s investment team are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. The firm is currently making investments in Atlantic Street Capital IV, LP.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have transaction experience across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.