David Bonvenuto, of Tecum Capital, and David Eichenlaub, of Confluence Advisors, celebrate with Rodney King, President, of Automotive Systems Warehouse (ASW), who received the Smart Business Dealmakers Award of “Dealmaker of the Year” at the Pittsburgh Conference.
King secured Tecum Capital’s first platform investment from Tecum’s new $300MM SBIC fund in the form of subordinated debt & equity. The Deal Team from Tecum consisted of Stephen Gurgovits, Jr., David Bonvenuto, Sean Edmonson, and Paul Oris. Confluence Advisors served as the exclusive financial advisor to the Investor Group.
The capital will be used to develop key strategic priorities, which will include geographic expansion, private label development, expanded inventory, and acquisitions.
Founded in 1978 and headquartered in Pittsburgh, PA, ASW is a wholesale warehouse distributor of automotive allied products to the collision repair value chain. The Company, through its five (5) strategically located warehouses, consolidates 300+ core vendors to offer tens of thousands of unique products, including key automotive product categories such as paint & coatings, abrasives, tools & equipment, tape, painting cups & filters, and primer.
ASW is recognized as a market leader in the distribution of collision repair products by offering valued customer service, wide geographic coverage, and a comprehensive product offering.
Congratulations Rodney!