The private equity firm Blue Point Capital Partners and its portfolio company, Transtar, have acquired C&M Auto Parts, a family-owned wholesale supplier of automotive and truck parts based in Trenton. Incorporating C&M, which has locations in Windsor, Freehold, and Sayreville that specialize in undercar and underhood products, is expected to aid Transtar’s expansion into the general automotive repair sector.
Transtar Holding Company’s businesses include a variety of automotive aftermarket brands with varying services, with C&M being Transtar’s second acquisition this year after purchasing Pro Form Products, a Canadian brand offering automotive refinishing and repair products for a variety of applications, in February.
Transtar, headquartered in Cleveland, Ohio, provides customer service, distribution, and manufacturing on a global scale. Transtar is backed by Blue Point Capital Partners, which manages over $1.5 billion in committed capital by investing in opportunities with partnered businesses like Transtar.
“As we got to know the Transtar team, it became clear that our teams are well-aligned in our values, commitment to growth and dedication to serving our customers,” C&M founder Glenn Morreale, who will join Transtar’s executive leadership team, says.
Transtar CEO Neil Sethi adds that “C&M’s full-line product offering, deep supplier relationships and operational experience will be powerful drivers as we look to further expand our footprint in the general automotive repair channel.”
More information: C&M Auto Parts, cm-autoparts.com/index.html; Transtar, transtar1.com; Blue Point Capital, bluepointcapital.com.
