Century Park Capital Partners is pleased to announce that Eckler Industries, Inc., the leading aftermarket supplier of parts and accessories to the Corvette and Classic Chevy enthusiast market, has acquired Rick’s First Generation Camaro. Founded in 1989 in Athens, Georgia, Rick’s First Generation is the leading provider of restoration parts for “first generation” (1967-1969) Camaros. The company reaches its customers through catalogs, the internet, and trade shows.
“We are terrifically excited about this opportunity. Rick’s First Generation is the best name in Camaro restoration. Rick’s has distinguished itself with its broad, high quality product selection and outstanding technical support. The acquisition of Rick’s First Generation brings not only a great name and a leading position in Camaro, but also a capable and knowledgeable staff that positions the company for growth” remarked Eckler’s President, Ed Mills.
Guy Zaczepinski, a Vice President with Century Park Capital Partners, said, “This acquisition will help Eckler’s continue to pursue its proven growth strategy of leveraging leadership in catalog and internet marketing with complimentary acquisitions. The combination of strong organic growth and highly synergistic acquisitions has made Eckler’s the most recognized and respected name across the Corvette and Classic Chevy parts industries. We are eager to further broaden Eckler’s product offering with more add-on acquisitions in the classic car world.”
Though terms of the transaction were not disclosed, senior debt financing was provided by Eckler’s existing lenders.
For more information on Rick’s First Generation, please visitwww.firstgen.com.
Eckler’s (www.ecklers.com), is the leading catalog and online retailer of aftermarket parts for Corvettes and 1955-1957 Classic Chevys (www.classicchevy.com). It also sells parts for 1958-1972 Chevys (www.lategreatchevy.com), classic Chevy Trucks (www.ecklerstrucks.com) and Camaros (www.ecklerscamaro.com). Eckler’s was acquired in June of 2006 by Century Park Capital Partners.
About Century Park Capital Partners:
Century Park Capital Partners is a Los Angeles-based private equity firm that partners with owner/managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $50 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings. More information on Century Park Capital Partners can be found atwww.centuryparkcapital.com.