KSI Auto Parts Acquires Carolinas Auto Supply House
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SOUTH PLAINFIELD, NJ — December 28, 2023 -- KSI Auto Parts, a leader in the distribution of automotive aftermarket collision parts, has acquired Carolinas Auto Supply House (CASH), founded in 1915 and located in the Charlotte, NC metro area.
KSI will continue to operate the Charlotte location under the leadership of Scott Cameron. Their team has a strong reputation with their customer base. We look forward to helping Scott and his team build upon their successes as they integrate into the KSI family.
KSI CEO, John Mosunic, had this to say about the acquisition, “The acquisition of CASH gives KSI a strategic geography in the Carolinas filling a territory hole we were unable to reach from either Richmond or Atlanta. We look forward to continuing to provide an outstanding customer experience with these new KSI customers and are excited about the CASH team joining KSI.”
About KSI Auto Parts
Headquartered in South Plainfield, New Jersey for over 35 years, KSI Auto Parts has been an industry leader for quality replacement auto body parts, with a reputation for superior customer service. Established in 1984, KSI Auto Parts has expanded its territory to 25 locations in 17 states and continues to grow.
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KSI Auto Parts Appoints John Mosunic CEO as Company Enters New Growth Stage
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SOUTH PLAINFIELD, N.J.—Aug 28, 2023 -- KSI Auto Parts (“KSI”, or the “Company”), an industry-leading distributor of aftermarket collision automotive parts serving over 40,000 customers across 24 locations in 14 Eastern U.S. states, today announced that John Mosunic has been appointed as the Company’s next Chief Executive Officer, effective immediately.
Mr. Mosunic succeeds Chris Patti, who is stepping down from his role as CEO after leading the Company’s key growth initiatives.
Prior to joining KSI Mr. Mosunic was President and CEO of Arrowhead Engineered Products, a former Investcorp portfolio company, from 2019 to 2023. In that role John took over a business that was underperforming and developed and implemented a growth strategy for the business. Over his four- year tenure at Arrowhead, Mr. Mosunic grew the revenue four-fold through several acquisitions and above-market organic growth, and led the successful sale of the company.
“I look forward to building upon Chris’s exceptional work and his leadership of KSI’s management team and talented employees to ensure our best days remain ahead,” said Mr. Mosunic. “The Company is very well positioned for its next phase of growth.”
“On behalf of the entire company, I would like to thank Chris for his leadership and contributions to KSI over the last five years,” said Woody McGee, Chairman of the Board of KSI and Advisory Director of Investcorp. “We appreciate his hard work and dedication to expanding the Company’s footprint and successfully executing strategic growth initiatives, such as the Company’s acquisitions of Southeast Bumper and Richmond Bumper.
“We believe this change will lead to even greater success for our customers, suppliers, partners and investors as we build upon the momentum Chris created over the last five years. Under John’s leadership KSI remains committed to the same mission, vision and values that have guided it since its founding in 1984. John’s leadership, combined with KSI’s very strong management team will make for a seamless transition and position KSI for our next phase of growth,” added Mr. McGee.
Before joining Arrowhead Mr. Mosunic held senior executive roles such as CEO, President, CFO and COO at several leading automotive aftermarket companies including FleetPride, General Parts International, and WORLDPAC. During his career Mr. Mosunic completed more than 100 acquisitions and participated in six successful business sales including an initial public offering.
Mr. Mosunic started his career as an auditor with KPMG and is a Certified Public Accountant in California. He holds a BS in Accounting and Finance from CSU Sacramento and an MBA from Saint Mary’s College of California.
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Investcorp, a global provider and manager of alternative investment products with a history of investing in automotive and related markets, acquired KSI in 2018.
About KSI Auto Parts
Founded in 1984, KSI is an industry-leading distributor of aftermarket collision automotive parts serving over 40,000 customers. KSI operates 24 locations carrying over 87,000 SKUs that it delivers in 35 states using its fleet of over 240 vehicles to ensure its customers have access to the full range of products needed for their collision repair needs. For over three decades KSI’s commitment to superior levels of customer service, rapid order turnaround and competitive pricing have established it as a leading partner to Collision Repair Shop customers located throughout the Eastern U.S. Headquartered in South Plainfield, New Jersey, KSI has over 600 employees across the U.S. For more information regarding KSI, visit www.ksiautoparts.com.
Contacts
Media:
Phil Denning 646-277-1258
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