Automotive Acquisitions in Massachusetts

Authentic Auto Body, a Holliston, Massachusetts MSO platform backed by Envest Private Equity, acquired APC Auto Body in Dartmouth, Massachusetts. The deal is the first add-on for Authentic after Envest's August 2024 platform investment and aims to expand the company's multi-shop collision repair footprint while preserving APC's team and service quality.

Asbury Automotive Group completed the $1.45 billion acquisition of The Herb Chambers Companies, adding 33 dealerships, 52 franchises and three collision centers in the Northeastern U.S. The deal expands Asbury's presence in New England, brings approximately 2,200+ employees and is expected to contribute to roughly $3.2 billion in revenue for 2024; the purchase was funded with credit facilities, mortgage proceeds and cash.

McGovern Automotive Group, a Boston-based dealer group, has acquired Acton Chrysler Dodge Jeep Ram in Acton, Massachusetts, marking the group's 25th dealership acquisition in six years. The deal brings roughly 150 new and 75 pre-owned vehicles into McGovern's network; current dealership employees will remain and regional leadership will oversee operations.

The Shyft Group, Inc. completed the acquisition of XL Fleet, integrating XL Fleet technical talent, equipment and a 24,655-square-foot Wixom, Michigan technology center into Shyft’s EV-focused Blue Arc business. The acquisition includes assuming a short-term lease on the Wixom facility and supporting completion of a Department of Defense pilot development agreement to advance fleet electrification and drivetrain technology.

Premium Guard Inc. has completed the acquisition of IPC Global Solutions and partnered with Dallas-based private equity firm Trive Capital, which provided a structured capital solution to support Premium Guard's growth. The combination expands Premium Guard's product and brand portfolio, strengthens its distribution footprint (including quick lube channels), and creates a combined company employing over 600 people with roughly 1,000,000 sq. ft. of warehouse space across North America.

Fenix Parent LLC (operating as Fenix Parts) has completed the acquisition of the assets of New England Auto & Truck Recyclers (NEATR) in Winchendon, Massachusetts. The deal is Fenix Parts' fourth acquisition since its 2018 purchase by affiliates of Stellex Capital Management and expands Fenix's Northeast supply chain and distribution footprint.

JMH Capital Partners has acquired GWA Auto Parts, an importer, distributor, and online retailer of private‑label automotive aftermarket parts (selling under the AA Ignition brand). GWA founder Gregg Alper remains a shareholder and will continue as the company's President; JMH said it will support accelerated organic and acquisitive catalog growth and further development of GWA's e-commerce capabilities across North America.

Safelite Group, a Belron Group subsidiary, has acquired TruRoad Holdings, the second-largest automotive glass and claims-management company in the U.S., from CenterOak Partners. The deal expands Safelite/Belron’s U.S. footprint and consolidates market share in auto glass replacement, repair and claims-management services; financial terms were not disclosed.

ECS Tuning, owned by Bertram Capital, acquired Turner Motorsport from its shareholders; BDO Capital Advisors served as exclusive financial advisor to Turner Motorsport. The transaction is ECS's first add-on to its e-commerce platform and aims to broaden product selection and create a premier online destination for BMW parts, with founder Will Turner remaining as President of the Turner Motorsport division.

Littelfuse, Inc. (NASDAQ: LFUS) has acquired all outstanding stock of Cole Hersee Company for $50 million in cash to expand its off-road, truck and bus (OTB) business. The purchase brings Cole Hersee’s power-management and heavy-duty electromechanical and solid-state switch products into Littelfuse’s portfolio, strengthening customer relationships, distribution and product offerings.