May, 31 2015
Sterling Investment Partners Invests in an Aftermarket Brake Product Business
Sterling Investment Partners ("Sterling"), a private equity firm that has been investing in and building middle-market companies for almost 25 years, announces that the firm invested in Power Stop, LLC ("Power Stop" or the "Company").
Power Stop is a leading supplier of performance-upgrade-quality aftermarket brake products, with a focus on selling through online channels to do-it-yourself (“DIY”) and install-it-for-me (“IIFM”) consumers. Approximately two-thirds of the Company’s revenue is through leading online retailers, such as Amazon and Rockauto.com, and marketplaces, such as eBay. E-tail sales of automotive parts are growing rapidly as consumers increasingly shop online for their aftermarket parts. Power Stop sources pads, rotors, calipers, shoes and pad wear sensors from suppliers with a reputation for quality, and assembles in one package all the parts required to replace front and/or rear brakes, providing consumers its convenient “1-Click Brake Kit”.
Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.5 billion in initial fund commitments. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $10 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com