Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Automotive Systems Warehouse (“ASW”) with respect to its acquisition of Tools & Equipment Warehouse, Inc. (“T&E”).
T&E, located in Conley, Georgia is a wholesale distributor of automotive tools and equipment in the Southeastern United States.
Per Barry Daniel, President of T&E, “I am extremely excited with the announcement of this acquisition of Tools & Equipment by Automotive Systems Warehouse effective March 1, 2023. Our entire team is transitioning on board with ASW so that we can continue to provide the products and industry knowledge that our customers have come to expect from us over the past 51 years. We are thrilled to be able to continue our long-standing relationship with both customers and suppliers as we have in the past. Once again, I am thrilled and excited for the future of us all!”
Rodney King, President of ASW shared, “We are thankful for this opportunity to be working with Tools and Equipment Warehouse. I have been blessed to know Barry for over 23 years. This is a man who has led by example to myself and so many others on how to be a better man, husband, and business leader. We are excited to have his knowledgeable team joining our ASW family. I am honored and grateful to continue the legacy of Tools & Equipment. Again, we want to thank you for your current and future support of Automotive Systems Warehouse.”
Dan Sarver, Managing Director of Confluence stated, “This is our third transaction with ASW. We are excited to be part of their growth story and enjoy working with their highly-talented management team. We look forward to working with ASW in executing their growth strategy in the attractive automotive collision space.”
About Automotive Systems Warehouse
ASW is a wholesale warehouse distributor servicing customers in the automotive paint, body and equipment and professional tool and equipment industries. The company offers over 34k SKUs including paint & coating products, tools & equipment, abrasives and primers. ASW has seven locations throughout the United States.
About Confluence Advisors, LLC
Confluence Advisors helps business owners maximize the sale of a business, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $2 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions.