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Investcorp Acquires Aftermarket Auto Body Supplier KSI Trading
Monday 16 April 2018

16 April 2018 - US-based alternative investment firm Investcorp has acquired US-based aftermarket auto body supplier KSI Trading Corp, the firm said.

The terms of the transaction were not disclosed.

Founded in 1984, KSI is a distributor of quality replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 states.

In addition to top quality products, KSI has succeeded in providing superior customer service, rapid order turnaround and competitive pricing over the last three decades.

Headquartered in South Plainfield, New Jersey, KSI has over 600 employees across the US.

KSI will be led by Christopher Patti, the company's newly appointed chief executive officer, who brings experience in both privately-held as well as publicly-traded companies.

Patti has held leadership roles in the automotive aftermarket industry since 2007 when he joined Keystone Automotive Operations.

More recently, he was senior vice president of sales and marketing for North America at LKQ, where he was responsible for sales in both the salvage and aftermarket collision business units as well as the Paint, Body and Equipment business.

Investcorp is a global provider and manager of alternative investments, offering such investments to its high-net-worth private and institutional clients on a global basis. The firm invests across four asset classes, including corporate investment, real estate, alternative investment solutions and credit management.

As at December 31, 2017, the Investcorp Group had USD 22.2bn in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Date Published: 16/04/2018
Target: KSI Trading Corp
Country: USA
Sector: Motor Vehicles
Type: LBO
Status: Closed
Buyer: Investcorp
Terms of the deal were not disclosed