16 Apr 2018 - 1:21
Investcorp announces acquisition of KSI Trading Corp
DOHA: Investcorp, a global provider and manager of alternative investment products, today announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the US. The terms of the transaction were not disclosed.
KSI is an industry-leading 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 & Equipment (PBE) business.
Johannes Glas (pictured), Managing Director at Investcorp in Qatar, said: “KSI is one of the leading names in the US market. We believe that the leading position it benefits from and the growth opportunities we see in the market make it an excellent partner for us. We look forward to working with KSI’s management team to advance the company onto new heights.” “I’m thrilled to join the best-in-class team at KSI,” said Patti. “With Investcorp as a partner, KSI is well-positioned to continue to deliver both strong growth and exceptional customer service.”
Investcorp has a strong history of investments in the automotive and related markets. With this acquisition, Investcorp also sees an opportunity for KSI to grow by expanding geographically, through the opening of greenfield locations, pursuing acquisitions and establishing stronger relationships with insurance companies and multi-shop operators (MSOs).