Plews & Edelmann has sold its retail segment to Highline Aftermarket, a portfolio company of The Sterling Group
Plews Retail is a leading designer and distributor of automotive and industrial tools and accessories, in categories like lubrication, air accessories, air hoses and tire repair. Plews Retail’s comprehensive product portfolio, which includes well-known brands Amflo, Lubrimatic and Tru-Flate, is sold to leading customers across the retail, industrial distribution, automotive aftermarket and e-commerce channels. The company offers attractive value propositions for retailers as well as consumers in both the do-it-yourself and do-it-for-me segments.
Dan Billie, Chief Commercial Officer of Plews & Edelmann, commented, “Plews & Edelmann looks forward to focusing its efforts on the applied segment of the business with a major growth announcement occurring soon.”
Lincoln acted as the exclusive financial advisor to Plews & Edelmann, working closely with its shareholders and management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
“We congratulate the teams at Plews & Edelmann and Highline Aftermarket for the successful completion of this strategic transaction,” added Chris Stradling, Managing Director at Lincoln International. “We look forward to watching the future success of both companies going forward.”
Terms of the transaction were not disclosed.
About Plews & Edelmann
Plews & Edelmann is a leading designer, manufacturer and distributor of a broad range of automotive parts and tools sold to the vast majority of mass merchant and retail auto parts stores and wholesale automotive parts and industrial distribution outlets, worldwide. More information available at www.plews-edelmann.com.
About Highline Aftermarket
Headquartered in Memphis, Tennessee, Highline Aftermarket is a leading national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. With more than 500 employees, Highline serves as a critical link between manufacturers and customers, offering a robust portfolio of national brands, original-equipment replacement products, private-label goods and in-house chemical blending and packaging. As the #1 manufacturer of windshield wash in the United States, Highline is part of The Sterling Group family of companies. More information available at www.highlineaftermarket.com.
The Lincoln team was a trusted and valued advisor to Plews Retail. Their senior level engagement, strong execution expertise and deep industry knowledge drove a successful outcome for the company.
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