WILsquare Capital, a mid-market St. Louis-based private equity firm, announced in a Nov. 28 news release it had completed the acquisition of Automotive Color & Supply (“ACS”), a major regional distributor of automotive and industrial paint and supply products with 10 locations across Indiana and Illinois.
“WILsquare is thrilled to partner with Josh Byers and the ACS team to build upon the legacy the Byers Family began decades ago,” said Jack Randazzo, Director at WILsquare Capital, in the release.
ACS was founded in 1951 and led by three generations of the Byers Family.
“I am excited for the opportunity that our leadership team and I get to partner with WILsquare Capital and look forward to leveraging WILsquare’s understanding of distribution, operational knowledge, and thoughtful geographic expansion to take ACS to the next level of growth, while preserving the legacy of my family’s business,” said Josh Byers, CEO of ACS.
The terms of the transaction were not disclosed.
