United States. Transtar Holding Company announced that it has acquired Arch Auto Parts, which has 21 locations in and around New York City.
Arch will become part of NexaMotion Group (NMG), a family of automotive aftermarket companies belonging to Transtar Holding Company. Arch was represented by Schwartz Advisors and terms were not disclosed.
"Arch Auto Parts aligns perfectly with our strategic objectives and marks Transtar Holding Company's largest acquisition in the general distribution of automotive parts, exemplifying our commitment to growth in this segment," said Transtar Holding Company President and Chief Executive Officer Neil Sethi.
"I am incredibly proud to welcome Arch under the umbrella of NexaMotion Group. We are excited to partner with the entire Arch team and look forward to accelerating our growth plans."
Following the acquisition, Arch Auto Parts and its team members will operate as a business unit of NexaMotion Group. Arch Auto Parts owner and CEO Chris Bodh will join the executive leadership team as president of the general repair business group.
"Through this combination, Arch will be positioned to rapidly accelerate the growth of its products, services and locations," said Transtar.
"This is a great opportunity for Arch to join NexaMotion Group," said Bodh.
"Having their support and partnership gives us a huge advantage to do more for our team members, customers and suppliers, and we are excited to be part of a great company that shares our values and culture," he added.
