VRA Partners Advises Weaver Parts on its Majority Recapitalization with Incline Equity Partners
VRA Partners, LLC is pleased to announce that Weaver Parts ("Weaver" or the "Company"), a leading value-added distributor of recycled OEM auto parts to collision and mechanical repair shops throughout the Southeast, has completed a majority recapitalization with Incline Equity Partners. VRA Partners acted as the exclusive financial advisor to Weaver. Terms of the transaction were not disclosed.
Based in Carnesville, GA, Weaver distributes both mechanical parts, such as engines and transmissions, as well as collision parts, including door assemblies, lights, fenders, trunk lids and hoods. The Company purchases vehicles at salvage auctions and distributes the recycled parts to its customer base of over 6,400 repair shops. In recent years, Weaver has achieved exceptional growth, distinguishing itself as a best-in-class operator and highly scalable platform company in an otherwise fragmented industry.
"We are proud to be a value-added partner to collision and mechanical repair shops in the Southeast region," said Kent Rothwell, CEO of Weaver. "With Incline's resources and expertise, we plan to scale the Company's geographic reach through both greenfields and M&A. The entire Weaver team is excited to embark on this next chapter with Incline."
Incline Equity Partners is a private equity firm investing in manufacturing, distribution and business services companies. Incline invests in growing lower middle-market companies with enterprise values of $25 to $400 million.
VRA Partners, an independent investment bank based in Atlanta, GA, 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, 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.
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Chris Reilly, Director - Originations