HCI Equity Partners' Driven Distribution Group Acquires Chicago Parts & Sound; HCI Recapitalizes Tri-State
November 19, 2024
HCI Equity Partners recapitalized Tri-State Enterprises in November 2023 and launched the HCI-backed platform Driven Distribution Group, which completed the acquisition of the auto parts and accessories distribution business of Chicago Parts & Sound in October 2024. Financial terms were not disclosed; Bob and Jackie Lederer are reinvesting in the platform and Tri-State will remain an operating brand within Driven Distribution. HCI also appointed Matt Johnson as CEO of Driven Distribution Group to lead platform growth and integration.
- Buyers
- HCI Equity Partners, Driven Distribution Group
- Targets
- Chicago Parts & Sound (distribution business), Tri-State Enterprises, Inc.
- Sellers
- Bob and Jackie Lederer
- Platforms
- Driven Distribution Group
- Industry
- Logistics & Distribution
- Location
- United States
- Transaction Type
- Addon
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.