Pritzker Private Capital Completes Acquisitions of Highline Aftermarket and Warren Distribution

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Combination creates a leading automotive aftermarket supplier

CHICAGO–(BUSINESS WIRE)–Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced the completion of its acquisitions of Highline Aftermarket Holdings, LLC (“Highline”), a leading national distributor of automotive aftermarket products, and Warren Distribution, Inc. (“Warren”), a leading manufacturer of private label lubricants and automotive chemicals.

PPC and co-investors are investing alongside members of the Highline and Warren management teams. Darcy Curran, Highline’s current CEO, leads the combined business.

The combination creates a leader in the manufacture and distribution of automotive aftermarket consumable products. The company will have 27 facilities across North America and more than 22,000 SKUs, including windshield washer fluid, engine lubricants and a wide variety of consumable automotive aftermarket products.

J.P. Morgan Securities LLC acted as financial advisor to PPC, and served as lead arranger for the debt financing in respect to the transaction.

About Highline Aftermarket

Headquartered in Memphis, Tennessee, Highline Aftermarket is a leading national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. With more than 500 employees, Highline serves as an important link between manufacturers and customers, offering a robust portfolio of national brands, original-equipment replacement products, private-label goods, and in-house chemical blending and packaging.

Additional information about Highline Aftermarket is available at www.highlineaftermarket.com.

About Warren Distribution

Headquartered in Omaha, Nebraska, Warren Distribution is a family-owned business that was founded nearly 100 years ago in 1922 by the grandfather of Bob Schlott, the current Chairman and CEO. Now, Warren Distribution is one of the largest private label blenders and one of the largest independent motor oil, lubricants and automotive chemicals manufacturers and suppliers in North America. Warren Distribution is a private label supplier for some of the largest retailers, marketers and lubricants distributors in North America and has customers in more than 30 countries. It has the capacity to produce millions of gallons of bulk and packaged lubricants from more than 1,100,000 square feet of manufacturing and distribution facilities in Iowa, West Virginia, Alabama and Texas.

Additional information about Warren Distribution is available at www.warrendistribution.com.

About Pritzker Private Capital

Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur and family owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI).

Additional information about Pritzker Private Capital is available at www.ppcpartners.com.

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Contacts

Media Contact:
Dan Scorpio, Abernathy MacGregor

Phone: 312-640-3111

Email: dps@abmac.com