Confluence Advises Automotive Systems Warehouse in its acquisition of Tools & Equipment Warehouse

Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Automotive Systems Warehouse (“ASW”) with respect to its acquisition of Tools & Equipment Warehouse, Inc. (“T&E”).

T&E, located in Conley, Georgia is a wholesale distributor of automotive tools and equipment in the Southeastern United States.

Per Barry Daniel, President of T&E, “I am extremely excited with the announcement of this acquisition of Tools & Equipment by Automotive Systems Warehouse effective March 1, 2023. Our entire team is transitioning on board with ASW so that we can continue to provide the products and industry knowledge that our customers have come to expect from us over the past 51 years. We are thrilled to be able to continue our long-standing relationship with both customers and suppliers as we have in the past. Once again, I am thrilled and excited for the future of us all!”

Rodney King, President of ASW shared, “We are thankful for this opportunity to be working with Tools and Equipment Warehouse. I have been blessed to know Barry for over 23 years. This is a man who has led by example to myself and so many others on how to be a better man, husband, and business leader. We are excited to have his knowledgeable team joining our ASW family. I am honored and grateful to continue the legacy of Tools & Equipment. Again, we want to thank you for your current and future support of Automotive Systems Warehouse.”

Dan Sarver, Managing Director of Confluence stated, “This is our third transaction with ASW. We are excited to be part of their growth story and enjoy working with their highly-talented management team. We look forward to working with ASW in executing their growth strategy in the attractive automotive collision space.”

About Automotive Systems Warehouse

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 seven 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.

Confluence Advises Automotive Systems Warehouse in its acquisition of Autobody Jobbers Warehouse

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.

Confluence Advises Garrett Container in its sale to Albers Aerospace

Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Garrett Container Systems, Inc. (“GCS”) with respect to its sale to Unmanned Systems, Inc. (d/b/a Albers Aerospace) (“Albers”). GCS will keep its operations in Accident, Maryland and operate as a wholly owned subsidiary of Albers.

GCS manufactures highly engineered, mission critical container systems for the transportation and storage of armaments for the defense industry and commercial applications. The products are an essential component in the procurement of cutting-edge missiles and meet the vital long-term defense needs of the United States.

Don Morin, President and Founder of GCS shared, “Confluence has been a long-time trusted advisor to Garrett Container, and they advised me every step of the way. I couldn’t be more appreciative of the hard work the team provided during our relationship. I would not have had such a successful result without their support, knowledge and process.”

“Garrett Container Systems is a natural addition to the growing Albers Aerospace family of companies that exist to serve the warfighter and bring essential capability to bear for our nation,” said John Albers, CEO of Albers Aerospace.

Albers Aerospace is a service-disabled veteran-owned small business focused on providing engineering, aviation and manufacturing support services to government and defense customers.

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.

Confluence Advises Allegheny Recycled Products in its sale to 48forty Solutions

Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Allegheny Recycled Products (“ARP”) with respect to its sale to 48forty Solutions, LLC (“48forty”), a portfolio company of Audax Group (“Audax”). ARP will operate as a division of 48forty’s service offering.

Allegheny Recycled Products is a pallet recycling company providing repair, recycling, logistics, and treating services. The Company operates within a two-hour radius of its 95,000 square foot facility in Pittsburgh, Pennsylvania.

“Allegheny Recycled Products is known for its dedication to its customers, servicing them with integrity and transparency. John Cory and his leadership team bring key regional relationships and share our commitment to customer service and to dedicated employees who drive our success each day. We're excited to continue our growth journey alongside Allegheny Recycled Products.”

John Cory, CEO of ARP shared, “Hiring Confluence was one of the best business decisions I made. The team truly had my best interest in mind and worked hard to achieve a result that was great for shareholders, the company and most importantly, our employees. Their sale process created significant competition among strategic buyers and the results exceeded my expectations.”