All Star Auto Lights Announces Acquisition by Atlantic Street Capital
Investment Will Drive Company's Continued Growth, Scalable Expansion Opportunities, New Product Categories and Acquisitions
ORLANDO, Fla., Oct. 4, 2019 /PRNewswire-PRWeb/ -- All Star Auto Lights, the leading distributor of replacement automotive headlights, announced today that it is being acquired by Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, Atlantic Street is partnering with the company's CEO, Matt Immerfall, and other investors.
Founded in 2004 and based in Orlando, Florida, All Star is a distributor of replacement alternative lighting products to independent auto body shops and multi-site operators of collision repair centers. All Star has a nationwide distribution network through its eight facilities and sells like-kind-and-quality ("LKQ") recycled and refurbished OEM parts and certified aftermarket products, including headlamps, tail lamps, park lamps, fog lamps and side mirrors for foreign and domestic vehicles. For more information, visit https://allstarautolights.com.
"We recognized the need for a strategic partner to help All Star grow by investing in and supporting the company's organic growth plan and executing on acquisition opportunities. We believe Atlantic Street has the right team of professionals to help us achieve our aggressive growth goals," said Immerfall, who will continue as Chief Executive Officer of All Star Auto Lights.
Phil Druce, Partner of Atlantic Street Capital, said, "We are very excited about this investment because of All Star's leading industry position and its ability to serve as a cost-effective and quality alternative to higher priced new Original Equipment Manufacturer (OEM) products. Working with Matt, we will capitalize on opportunities to expand the company's footprint, further penetrate existing customers, and evaluate potential expansion into new product categories."
The U.S. auto collision repair market is a growing category and a variety of factors are causing consumers, insurance carriers, and auto collision repair shops to help mitigate increasing costs with high quality alternatives. Both recycled or refurbished OEM parts and aftermarket parts are now viable, cost-effective alternatives to new parts and All Star is a leader in terms of differentiated price, quality, available inventory, timely delivery, and service.
About All Star Auto Lights
At All Star Auto Lights we take pride in our unmatched customer service, reliability and accuracy. With 12 years of trusted service in the headlight industry and 8 centrally located distribution centers nationwide, we provide customers with the best products and superior service. All Star Auto Lights' quality products include headlamps, tail lamps, front lamps and side mirrors. For more information, visit: http://www.allstarautolights.com.
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LinkedIn: http://www.linkedin.com/company/allstarautolights
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SOURCE All Star Auto Lights
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