KSI Auto Parts Acquires Richmond Bumper
Nov.13, 2018—KSI Trading Corp. (KSI), an industry-leading distributor of quality replacement auto body parts servicing over 20,000 repair shop customers across 25 locations in 14 states, announced last week that it has signed a definitive agreement to acquire Richmond Tidewater Bumper.
Based in Mechanicsville, Va., Richmond Tidewater Bumper was founded in 1980 by Norman Seay through servicing body shops with high-quality parts and superior customer service. KSI’s business will be enhanced by RTB’s 200,000 square foot distribution facility, which provides access to markets in coastal Virginia as well as in North Carolina. Additionally, the acquisition of RTB will provide KSI with an increased presence with multi-shop operators (MSOs) and insurance companies.
Earlier this year, KSI was acquired by Investcorp, a global provider and manager of alternative investment products with a history of investing in automotive and related markets.