Highline Aftermarket Announces Acquisition of Levin's Auto Supply
In a news release issued by Highline Aftermarket they announced that they have entered into an agreement to purchase the assets of Levin's Auto Supply, LLC headquartered in Sacramento, CA. Levin's is a leading supplier of automotive aftermarket products to retailers and automotive parts stores, serving customers along the west coast for over 90 years.
Hart Marx Advisors was engaged by Highline to facilitate the transaction.
"Levin's has a proven, long-term track record of exceptional customer service and forms a natural fit with Highline," stated Darcy Curran, CEO of Highline Aftermarket. "When combined with our existing footprint and capabilities, Levin's extends Highline's ability to effectively serve customers nationwide. We are excited to welcome Levin's to the Highline family and look forward to growing together in the years ahead."
Doug Stanley, former owner and president of Levin's Auto Supply commented, "I am thrilled that Levin's is joining Highline. Our success is based on strong partnerships and continuously reinvesting to serve the needs of our customers, suppliers, and employees. Levin's and Highline share a vision for investing in those relationships and growing together in the future. Levin's has been in the automotive aftermarket since 1920 and in my family since 1958. I am so proud to have the employees, friends and customers that the company has fostered and am very excited about the opportunities for all of these people in the future."
Tom Marx, partner of Hart Marx Advisors commented, "We are pleased to provide the opportunity for Highline Aftermarket to successfully build its business in the strategically important California marketplace."
Financial terms of the purchase were not disclosed.