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Completed Transactions > Automotive > Tidewater Bumper Service Acquired By KSI

Tidewater Bumper Service Acquired By KSI

Tidewater Bumper

Date

Nov 2018

Region

Virginia

KSI Trading Corporation acquired Generational Equity client Tidewater Bumper Service Inc. on November 8, 2018.

Based in Mechanicsville, VA, Tidewater Bumper is an aftermarket automotive crash parts wholesaler serving Virginia, North Carolina and Maryland. Stocking more than 23,000 high-quality parts, the company provides local delivery within a 100-mile radius and same-day shipping on items like bumpers, outer automobile parts and auto paints.

KSI, based in South Plainfield, NJ, is an industry-leading distributor of quality replacement auto body parts servicing more than 20,000 repair shop customers across 25 locations in 14 states.

Investcorp, a global provider and manager of alternative investment products, acquired KSI in April of 2018 because it saw opportunity for KSI to grow by pursuing acquisitions, which the Tidewater Bumper deal brings to fruition. 

Generational Equity Senior Managing Director Doug Smith’s team, led by trusted affiliate George Nova and assisted by Senior VP Ryan Johnson, successfully closed the deal. Senior Managing Director Terry Stidham established the initial relationship with Tidewater Bumper.

“Working with the professionals at Tidewater, KSI and Investcorp was truly a textbook example of how a deal should be structured,” stated Nova.

“From the beginning, the three groups and our team at Generational Equity worked on each hurdle with the same goal in mind to complete a fair and equitable deal that worked for all parties.”

Our dealmakers’ extensive experience working with clients in the automotive sector is a big factor in helping these transactions cross the line. We work closely with our clients to facilitate a deal that suits all parties and allows them to fulfill their professional and personal goals.

If you’d like to learn more about our history in this industry, visit our dedicated Automotive page.

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