WestView Capital Partners Completes Sale of English Color & Supply to Wesco Group
December 20th, 2023
Richardson, TX and Boston, MA - WestView Capital Partners (“WestView”) today announced that it has completed the sale of English Color & Supply, LLC (“English Color”), a super-regional, value-added distributor of automotive paint, equipment and supplies to the collision repair industry, to Wesco Group. Terms of the transaction were not disclosed.
Founded in 1946 and based in Richardson, Texas, English Color operates over 75 stores in the southern and central United States, providing a comprehensive array of products and services that address the critical needs of its collision repair shop and dealership customers. The Company maintains longstanding relationships with best-in-class suppliers, providing customers with access to over 15,000 SKUs, ranging from paints, coatings and related supplies to paint and body tools, welding equipment and Blowtherm-branded paint booths.
During WestView’s ownership, English Color completed 21 add on acquisitions to both strengthen and extend its dominant footprint across the southern and central parts of the country.
“When we were looking for our first professional capital, we wanted to find a partner that could support and augment our future growth, without changing the core principles that have made English Color a great company for over 75 years,” said Robert Burns, CEO of English Color. “WestView was a fantastic partner, and we appreciate their contributions to the company’s growth over the past several years,” Burns added.
“English Color was a great fit for us, with its outstanding management team that truly has this business in their blood,” said Carlo von Schroeter, a Managing Partner at WestView. “Robert and his team consistently knew the right moves to make to help the Company generate strong growth throughout our hold period, regardless of industry conditions, even growing through unprecedented COVID lockdowns. We commend them on an excellent outcome and wish them luck now as part of Wesco Group,” he added. Said Jeff Clark, a Principal at WestView, “Our partnership with English Color demonstrates the ways that WestView can help founder-owned companies reach a new level of growth with investments both in organic and acquisition growth initiatives. Completing 21 acquisitions required a consistent and focused effort, with access to growth capital. Thank you and good luck to the English Color team.”
English Color and WestView were advised by BMO’s Mid-Market M&A team and Latham & Watkins.
About English Color
English Color is a leading super-regional, value-added distributor of automotive paint, equipment and supplies to the collision repair industry. Through its network of over 75 locations across the southern and central United States, the Company offers a comprehensive set of products and services that address the critical needs of collision repair shops and auto dealerships. Founded in 1946, English Color is based in Richardson, Texas. Additional information can be found by visiting www.englishcolor.com.
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth capital, and consolidation transactions in several sectors including: growth industrial, business services, healthcare technology and outsourcing, IT services, and software. WestView targets investing $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million. For more information, please visit www.wvcapital.com.