CLEVELAND, Oct. 31,
2024 /PRNewswire/ -- NexaMotion Group (NMG) is
accelerating its national expansion plans by acquiring City Auto
Supply. The company has a total of three wholesale distributor
locations: two in San Francisco,
CA, and one in Honolulu,
HI. City Auto Supply was represented by Schwartz Advisors, and
the terms were not disclosed.
City Auto Supply is a U.S. veteran-owned corporation founded in
the San Francisco Bay Area in
1986. The company carries over 100,000 individual parts and is a
leading distributor of automotive parts and supplies to the auto
repair industry.
"An organization like NexaMotion Group is a great partner for
City Auto Supply customers and team members. Our business is
strategically aligned with NexaMotion Group and its leaders, and
most importantly, we share the same values" said City Auto Supply
owner Larry Chew. "NexaMotion Group
and its subsidiaries are known for providing top-quality parts and
exceptional service in the aftermarket industry."
Neil Sethi, President and CEO of
NexaMotion Group, shares his excitement about the company's growth
momentum: "This marks our fifth acquisition in the general repair
space over the past 18 months, and we're just getting started. Our
mission has always been to simplify complex vehicle repair, and
with each acquisition, we strengthen our ability to serve customers
more effectively. We're eager for what the future holds as we
continue to expand and innovate."
About NexaMotion Group
NexaMotion Group's mission is
to simplify complex vehicle repair to keep the world moving.
NexaMotion Group helps automotive professionals shift into high
gear with next-level solutions and innovation. Backed by 50 years
at the forefront of the aftermarket industry, NexaMotion Group
combines the power of strong connections and readily available
supplies with over 125 locations. Learn more at
https://www.nexamotiongroup.com/.
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SOURCE NexaMotion Group