SANTA MONICA, Calif., Nov. 7, 2022 /PRNewswire/ — West Edge Partners (“WEP”), a decrease center market personal fairness agency, introduced at the moment the acquisition of Dakotaland Autoglass (“DAG” or “the Company”), a regional distributor and repair supplier to the aftermarket automotive alternative glass and paint, physique & tools (“PBE”) industries. Terms of the transaction weren’t disclosed.
DAG distributes aftermarket automotive glass and PBE within the Midwest and self performs glass restore and set up in choose markets. The Company has 12 places throughout the Midwest and has long-term relationships with the most important suppliers within the business. WEP will companion with DAG administration, led by Stan Biondi who has served as CEO for the final 12 years, to facilitate the continued success of the business and put money into new development initiatives.
“We’re excited to partner with Stan Biondi and the DAG team to support the continued success of the Company,” mentioned Cole Kirby, Partner at WEP. “DAG is well positioned to support its customers in the rapidly evolving auto glass and PBE sectors. DAG has been a leading supplier to autobody shops and glass installation businesses in the Midwest for over 40 years, and will continue to be the top distribution and service partner of choice in its region. WEP and the DAG management team look forward to investing together in the Company to pursue exciting new growth opportunities.”
“We are thrilled to partner with WEP to continue to build on the market leading position of DAG and to provide an even better experience to our customers. We look forward to leveraging WEP’s financial and operational capabilities to facilitate organic growth and strategic investment initiatives to expand our customer base and drive operational performance,” mentioned Biondi.
First Capital Partners and O2 Sponsor Finance, a division of Old Second National Bank, offered financing to assist the transaction. McGuireWoods served as authorized advisor to West Edge.
About West Edge Partners
WEP is a personal fairness agency centered on investing in business and client companies, distribution and lightweight manufacturing companies within the decrease center market. The agency helps its companions by means of a value-added strategy and appears to put money into each natural and inorganic development initiatives. West Edge is Southern California based mostly with workplaces in each Los Angeles, CA and Philadelphia, PA. For extra data, please go to www.westedgepartners.com.
About Dakotaland Autoglass
DAG is a regional distributor and repair supplier to the aftermarket automotive alternative glass and paint, physique & tools industries. The Company additionally self performs glass restore and set up in choose markets. DAG is headquartered in Sioux Falls, SD and has 12 places throughout the Midwest. For extra data, please go to www.dakotalandautoglass.com.
Contact:
[email protected]
SOURCE West Edge Partners
