BlackArch Partners Advises Aurora Parts and Accessories on its Sale to Sterling Investment Partners
CHARLOTTE, NC – BlackArch Partners (“BlackArch”) is pleased to announce the sale of Aurora Parts and Accessories (“Aurora” or the “Company”), an affiliated portfolio company of Ridgemont Equity Partners (“Ridgemont”), to Sterling Investment Partners (“Sterling”). Aurora, headquartered in Lebanon, IN, is the leading U.S. distributor of aftermarket parts and accessories for over-the-road semi-trailers. The purchase by Sterling and partnership with Aurora’s management team will provide the Company with the platform to continue to offer the most complete line of branded and private label parts in the aftermarket trailer industry.
BlackArch was retained by Aurora to serve as the Company’s lead financial advisor. The Aurora transaction builds upon BlackArch’s significant momentum in the Transportation, Logistics and Distribution sector and capitalizes on BlackArch’s experience representing market leading businesses in the automotive and heavy duty aftermarket.
About Aurora Parts and Accessories
Aurora is the leading U.S. distributor of aftermarket parts and accessories for over-the-road semi-trailers. The Company offers the most complete line of branded and private label parts in the industry, maintaining a comprehensive inventory to serve all makes and models of trailers.
Aurora has a national network of customers, and services 500+ independently-owned trailer dealers, repair shops and national fleets through a 300,000 square foot distribution center outside of Indianapolis. The Company’s dealer network provides the largest footprint in the industry, and these customers are supported by Aurora’s industry-leading technology platform.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a leading Charlotte-based middle market buyout and growth equity investor. The firm focuses on investments of $25 million to $100 million, in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications / media / technology. Since 1993, the principals of Ridgemont have invested over $3 billion and demonstrated a proven, industry-focused model that has yielded consistently attractive returns.
About Sterling Investment Partners
Sterling has in excess of $1.0 billion in equity capital under management, which includes significant investment from Sterling’s investment professionals. Throughout its almost 25-year history, Sterling has exclusively focused on investing in the middle market and working in partnership with management teams to build value.
About BlackArch Partners
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, with offices in Houston, TX, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 300 transactions in 16 countries on four continents. Please visit our website, blackarchpartners.com, for more details.
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