LAKESIDE PARTNERS ADVISES Automotive color & supply corp. ON ITS acquisition by wilsquare
Lakeside Partners (“Lakeside”), a leading boutique investment bank, acted as the exclusive financial advisor to Automotive Color & Supply (“ACS”) on its acquisition by WILsquare. ACS is a leading regional distributor of automotive and industrial paint and supply products with 10 locations across Indiana and Illinois.
The transaction, led by Lakeside Partners Managing Partner, Josh Garner, bolsters the firm’s growing distribution expertise, particularly in paint, body, & equipment (“PBE”). Josh commented, “We feel very honored to have worked with the Byers family on this transaction. They have built an outstanding business over many decades and have earned a deserving reputation of great product expertise and exceptional service.” Josh continued, “We look forward to following the company’s success during their partnership with WILsquare.”
Josh Byers, owner & CEO of ACS states, “Lakeside Partners provided me and my team outstanding representation throughout our sale process from beginning to end. Each member of the Lakeside team was intimately involved in the marketing, data analysis, deal negotiation, due diligence, and deal closing. I found them all to be smart, thoughtful, transparent, and friendly individuals who were sensitive to my concerns as a first-time seller of a family-owned business. I really enjoyed my time working with the Lakeside team and was proud to be represented by them!”
Burt Blee Dixon Sutton & Bloom served as legal counsel to ACS.
About Automotive Color & Supply (www.automotivecolor.us)
Founded in 1951, ACS is a leading provider and servicer of automotive and industrial paint and supplies led by three generations of the Byers Family. With a culture of dedication to its employees, customers, vendors, and community, ACS has built a strong culture of values and a team-first focus.
About WILsquare Capital (www.wilsquare.com)
WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses in the Midwest and Southern United States, with an emphasis on business services, niche manufacturing, distribution, and technology companies. The firm is currently investing out of WILsquare Capital Partners Fund II, L.P.
About Lakeside Partners (www.lakesidepartners.com)
Lakeside, which has offices in Seattle, WA and Minneapolis, MN, provides M&A advisory services to privately held businesses. The firm has extensive expertise serving businesses across multiple industry verticals including industrial distribution, transportation & logistics, niche manufacturing, consumer products, food & beverage, business services, and technology, among many others.
For more information about our firm or this transaction, please contact:
Chase Wichelmann
Partner
cwichelmann@lakesidepartners.com
651.356.1753
Jacob Atkinson
Associate
jatkinson@lakesidepartners.com
360.773.9164