Investcorp, a global provider and manager of alternative investment products, has announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the U.S. The terms of the transaction were not disclosed.
Founded in 1984, KSI is a distributor of replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 states. In addition to top-quality products, KSI has succeeded in providing superior customer service, rapid order turnaround and competitive pricing over the last three decades. Headquartered in South Plainfield, New Jersey, KSI has over 600 employees across the U.S.
KSI will be led by Christopher Patti, the company’s newly appointed CEO, who brings experience in both privately-held as well as publicly-traded companies. Patti has held leadership roles in the automotive aftermarket industry since 2007, when he joined Keystone Automotive Operations. More recently, he was senior vice president of sales and marketing for North America at LKQ, where he was responsible for sales in both the salvage and aftermarket collision business units as well as the paint, body and equipment (PBE) business.
“We are excited to partner with KSI, as they have proven their ability to execute through various market cycles,” said Steve Miller, managing director of Investcorp’s Corporate Investment group in North America. “We have been extremely impressed with the quality and dedication of the KSI employees who have built this company. We look forward to working with Chris and the entire KSI team, and we are confident in the company’s ability to continue to deliver results, increase market share and accelerate growth over the long term.”
Added Patti, “I’m thrilled to join the best-in-class team at KSI. With Investcorp as a partner, KSI is well-positioned to continue to deliver both strong growth and exceptional customer service.”