Bahrain’s Investcorp has announced its acquisition of US aftermarket auto body parts supplier KSI Trading Corp.
The company said KSI serves 25 locations in 14 states from its headquarters in South Plainfield, New Jersey, and has more than 600 employees.
Christopher Patti, who was recently appointed CEO, will lead KSI under Investcorp’s ownership.
The terms of the deal were not disclosed.
“We are excited to partner with KSI, as they have proven their ability to execute through various market cycles,” said Mohammed Al-Shroogi, Investcorp’s co-CEO.
“We look forward to working with Chris and the entire KSI team and we are confident in the company’s ability to continue to deliver results, increase market share and accelerate growth over the long term.”
Investcorp said it saw opportunities for KSI to grow by expanding to new greenfield locations, pursuing acquisitions and establishing stronger relationships with insurance and multi-shop companies.