Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Automotive Systems Warehouse (“ASW”) with respect to its acquisition of Autobody Jobbers Warehouse (“ABJ”).
Autobody Jobbers Warehouse was incorporated in 1920 and is located in Patterson, New Jersey. ABJ is a wholesale distributor of automotive paint and body supplies. The company's customers are located throughout the northeast United States.
“I am thrilled to announce the sale of ABJ to ASW effective February 1, 2023. Although I’m giving up ownership, I’m looking forward to becoming general manager of our Paterson branch and joining a young and dedicated team at ASW.” said Bill Nathan, President of ABJ.
Rodney King, President of ASW shared, “We are thankful for this opportunity to be working with Autobody Jobbers Warehouse. I am honored to have known Bill for over twenty-three years. ABJ has been a leading PBE supply company in the Northeast for over 102 years! He has been a good friend and tough competitor. Their core beliefs align with ASW’s as you will see in the way our teams coalesce to bring great service to our customers and value to our suppliers. ASW will be staying in the Paterson location with the same people, trucks, drivers, inventory, and services that you’ve grown accustomed to.”
Established in 1978, ASW is a wholesale warehouse distributor servicing customers in the automotive paint, body and equipment and professional tool and equipment industries. The company offers over 34k SKUs including paint & coating products, tools & equipment, abrasives and primers. ASW has six locations throughout the United States.
About Confluence Advisors, LLC
Confluence Advisors helps business owners maximize the sale of a business, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $2 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions.