Schwartz Advisors (SA), a leading M&A advisory and strategic planning firm for the automotive industry, announced that SA has acted as exclusive sell-side adviser to Fast Undercar Inc. and Fast Undercar Franchise Corp. in their successful sale to Parts Authority. The transaction officially closed on June 1.
Owned and operated by Victor Davis and Leif Vandehei and based in Ventura, California, Fast Undercar is a leading West Coast wholesale distributor of automotive aftermarket parts. In operation for more than 20 years, Fast Undercar has five company-owned and 27 franchise locations in California and the Pacific Northwest.
“Having proven the effectiveness of our business model over more than two decades, we felt it was the time to grow the Fast Undercar platform,” said Davis. “We needed the right partner, who understands our business and has the resources and desire to expand the Fast Undercar franchise model. Schwartz Advisors understood what we needed, introduced us to Parts Authority and worked with us to make the process go as smoothly as possible.”
“Fast Undercar has a unique and very successful business,” said Rick Schwartz, managing partner of SA. “It was a privilege for us to be able to work with Victor and Leif and get Fast Undercar together with Parts Authority.”
In addition to Rick Schwartz, SA Managing Partner Keith Zar and Partner Rick Guirlinger assisted Fast Undercar on the transaction.
