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Thursday, 14 January 2016 19:52

Soundcore Acquires Three Alloy Wheel Repair Specialists Franchises

NEW YORK—January 6, 2016—Soundcore Capital Partners, LLC, a New York-based private equity firm, announced in January that it has completed three add-on acquisitions to its portfolio company Alloy Wheel Repair Specialists (AWRS), less than two months after purchasing the company.

The acquisitions of the Atlanta, Baltimore, and Indianapolis AWRS franchises represent an additional $9 million in annual sales, serving nearly 800 dealers and auto repair shops.
Norcross, GA-based Alloy provides on-site repair of cosmetic damage to alloy wheel cores, off-site remanufacturing of structurally damaged wheels, and OEM replacement parts through a retail network. Wheel repair accounts for more than $750 million in annual revenues in the U.S.

I’m very pleased to kick off this new era for the Company with the acquisition of three of the best-performing businesses in the AWRS network,” said Rob Wheeley, newly appointed CEO of AWRS. “As we bring more operations under the AWRS corporate banner, we’re confident that we will be able to enhance both the service we deliver to customers and the financial performance of the business.”

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