Based in Lévis, Quebec, Transit is one of the largest auto parts suppliers and distributors in eastern Canada.
This firm regularly supplies 17,000+ parts— including brakes, bearings, chassis and suspension and more to its clientele.
The company has eight warehouses throughout the area from which to provide these parts to its many customers—auto parts retailers, jobbers, online distributors and wholesalers.
Financial terms have not been disclosed.
Trivest has said that the partnership is focused on helping Transit and its management team accelerate their elevated growth plans.
The Schwartz Advisors’ team of industry experts helped the Trivest team understand the Canadian aftermarket, as well as Transit’s market position and strategies for growth.
“This is another example of Schwartz Advisors’ unique ability to guide investors as they assess markets and acquisition targets,” said Schwartz Advisors Managing Partner Rick Schwartz.
“We thank Trivest for their trust in us and look forward to seeing great things out of their new partnership with Transit.”
The acquisition will serve as a new platform for Trivest within its Growth Investment Fund II, the firm’s non-control investment strategy.
Trivest helps founder-owned companies grow and evolve in several markets, including healthcare, consumer/retail, manufacturing, technology, business services and value-added distribution.
The Schwartz Advisors team was led by Partner Tony Cristello and included Managing Partner Derek Kaufman and Partners Dave Peace and Bruce Tartaglione.