Transportation & Logistics Industry Update
Harris Williams Deal Spotlight
RANDYS Worldwide Automotive
Harris Williams advises RANDYS Worldwide Automotive (RANDYS), a portfolio company of Linsalata Capital Partners, on its sale to Tailwind Capital. RANDYS is a leading supplier of drivetrain products and caters to all channels in the aftermarket. It currently operates under three brands: Yukon Gear & Axle, U.S.A. Standard Gear, and Zumbrota Drivetrain.
Our Latest Insights
Deal Profile: Pure Power – See what sets this Harris Williams client apart from the competition, and the key qualities to look for in other exceptional auto aftermarket assets.
What We’re Reading
"The U.S. automotive aftermarket reached total sales of $297 billion in 2018, exceeding the projected growth rate by nearly $1 billion, according to the 2019 Joint Channel Forecast Model produced by the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association. The 2019 Joint Channel Forecast Model predicts that the total aftermarket sales will grow from $297 billion in 2018 to $338 billion through 2022, a 3.3 percent compound annual growth rate (CAGR) from 2018."
The Federal Trade Commission (FTC) held a panel on July 16th to question the impacts of repair limits instituted by manufacturers. During the session, the FTC questioned three panels of repair experts and industry representatives on whether such practices affect consumer protection under the Magnuson-Moss Warranty Act. Repair restrictions are found in auto parts such as tires when the structural integrity of the part may be threatened after a certain number of repairs. The Right to Repair debate has recently expanded to other industries with proponents introducing dozens of state bills across the country.
"The Automotive Aftermarket Supplier Association (AASA) announced it has tapped Paul McCarthy to lead the association as president and chief operating officer, effective July 1. McCarthy comes up through AASA’s top leadership, where he had served nearly three years as second in command and executive vice president to AASA’s previous president and COO Bill Long. Long was named president and CEO of AASA’s parent organization, the Motor & Equipment Manufacturers Association (MEMA), in February. In addition to his previous role at AASA."
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Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.
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