Crescenda announces Sale of Hedahls to Automotive Parts Headquarters
Bismarck, North Dakota -- Crescenda Merger & Acquisition Advisors announced today that Hedahls, Inc. was sold to Automotive Parts Headquarters, Inc. (APH), a third generation family-owned auto parts distributor and store group based in St. Cloud. Hedahls is a leading auto parts wholesaling company with 22 branch locations in four states. As a result of the deal, Hedahls’ 22 locations will be rebranded as Hedahls Auto Value and bring APH’s corporate store count to 121.
Hedahls Inc., owned and operated by third generation family members, has been in business since 1906. Headquartered in Bismarck, N.D., Hedahls’ network of 22 stores serve Minnesota, North Dakota, South Dakota and Montana. All stores, NEMAC Warehouse, BENCO Equipment Co. and all real estate are included in the deal.
Dick Hedahl, president of Hedahls stated, “As we looked at the future for Hedahls, we recognized APH as a natural fit to continue our growth. The APH team has a strong culture, and we share the same values and focus on taking care of customers and employees. Additionally, the APH team has the experience and resources available to provide great opportunities for our team and great solutions for our customers.”
“We are honored and delighted Dick has chosen to sell their business to APH to continue his family’s strong tradition of quality products, knowledgeable employees and superior service,” commented Corey Bartlett, president and CEO of APH. “We are also excited to enter a number of new markets and happy to be adding the Hedahls team to the APH family.”
About Automotive Parts Headquarters Inc.
Automotive Parts Headquarters Inc. is a third generation family-owned aftermarket auto parts distributor based in St. Cloud, Minn. APH was established in 1920 in Minneapolis, as National Bushing & Parts Company and today operates Auto Value stores throughout Minnesota, Wisconsin, North Dakota, South Dakota, Michigan and Montana.
APH is part of the Aftermarket Auto Parts Alliance, one of the largest auto parts distribution and marketing organizations in the world with more than 2,200 parts stores and 3,000 certified service centers across North America.
With its network of 121 corporate stores and 35 independent stores, APH is consistently ranked in Babcox Media’s Top 20 Super Stores ranking of aftermarket distributors. The company employs 1,000 employees.
Crescenda Merger & Acquisition Advisors acted as sell-side financial advisor to Hedahls in the transaction.
About Crescenda, LLC
Crescenda is a mergers and acquisitions intermediary and investment banking advisory firm focusing primarily on the sale of successful, privately-held companies.
FOR FURTHER INFORMATION CONTACT:
Jim Odney
Managing Director Crescenda, LLC Ph: (763) 545-1886 jim@crescenda.com