Stout has advised National Auto Parts, USA Inc.; NAP San Diego, LLC; and National Auto Parts-Oakland, LLC (collectively “National Auto Parts”) on its sale to Palladium Equity Partners (along with its joint venture affiliate “Palladium Heritage”) to create a combined platform named Collision Auto Parts LLC (“Collision Auto Parts” or the “Company”). Stout served as exclusive sell-side financial advisor to National Auto Parts in connection with the transaction.

As a result of this combination, Collision Auto Parts becomes a leading value-added distributor of aftermarket automotive collision repair parts serving markets in the Western U.S. from six distribution facilities. The newly formed Company will build on a loyal and tenured base of over 3,000 customers comprised of regional body shops, multiple-shop operators, and walk-ins. Additionally, the new Company has strong partnerships with insurance companies and is integrated with the major estimation platforms through which insurance companies and body shops source parts.

“We are delighted to partner with Palladium Heritage,” said Collision Auto Parts CEO Ray Tsai. “With Palladium’s resources and expertise, we intend to embark on a focused growth strategy through adding new locations and completing acquisitions to continue to provide our customers with superior availability and customer service.”

“We are thrilled to support management with additional resources and together capitalize on the positive industry tailwinds,” said Palladium Heritage Managing Director Lamar Horne.

“We believe that this is a very strong platform upon which to build, and in line with Palladium Heritage’s focus we look forward to helping propel Collision Auto Parts to its next level of growth,” added Kate Lehman, a Partner at Palladium Heritage.

“The formation of Collision Auto Parts creates one of the largest independent distributors of aftermarket parts to the collision repair market in the Western U.S.,” said Stout Managing Director Steven Rathbone, who sourced and led the execution of the transaction. “Led by a highly experienced management team, enjoying a key position in important markets along with an exceptional reputation with customers, suppliers, and insurers, the Company is poised for strong, sustainable growth in the years ahead.”

Mark Abbott, Steve Simone, Jack Dunsire, and Austin Strilko supported the deal execution efforts for Stout.

Rivkin Radler LLP served as legal counsel to National Auto Parts. 

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