HCI Equity Partners has launched Driven Distribution Group, acquiring Chicago Parts & Sound to create a leading automotive aftermarket distribution platform.

Information on the Target

Chicago Parts & Sound (CPS), based in Elk Grove Village, Illinois, operates as a warehouse distributor specializing in automotive aftermarket parts, batteries, consumables, and accessories. Established in 1978, CPS has developed a robust reputation in the automotive industry, servicing a diverse client base including auto dealerships, independent repair shops, municipalities, and fleet operators. Since its acquisition by Bob and Jackie Lederer in 2002, the company has expanded its capabilities and market presence through strategic acquisitions, positioning itself as a leader in its sector.

CPS's longstanding commitment to excellent, value-added products and services has garnered it a loyal customer base, and it continues to thrive under the leadership of its owners, who are reinvesting in the new Driven Distribution platform as part of the transaction.

Industry Overview in the Target’s Specific Country

The automotive aftermarket industry in the United States is a vital segment of the overall automotive landscape, encompassing the production and distribution of parts, accessories, and services for vehicles after their initial sale. As consumers increasingly seek to enhance the lo