Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new debt and equity co-investment in partnership with Breck Partners, LLC (“Breck”) and existing management to support the acquisition of Alloy Wheel Repair Specialists (“AWRS”).
Headquartered in Norcross, GA, with operations covering 46 states through 12 corporate markets and 85 franchise locations, AWRS is the leading provider of light vehicle aluminum wheel repair, remanufacturing, and wholesale services. The Company serves commercial customers and vehicle owners through a high-touch model, which includes on-site mobile repair units and a network of wheel remanufacturing shops. Both channels produce OEM-quality products with a catalog spanning thousands of colors and finishes.
Breck’s investment will bolster the Company’s ability to continue building on its service-oriented culture and strong operating foundation further to expand its reach and the impact of its services. Brian Steinbrueck, Partner at Breck Partners, commented, “The Patriot team was great to work with on this transaction. They immediately recognized the business opportunity and were incredibly constructive in their approach to providing capital to support the acquisition of AWRS. We look forward to their ongoing partnership and support.”
For more information on this transaction, please contact:
Charles Adams, Associate Managing Director
Alex Tyroler, Associate