HCI Equity Partners Announces Recapitalization of Tri-State Enterprises, Inc.
Summary
Tri-State is based in Fort Smith, Arkansas, and is a warehouse distributor of automotive aftermarket hard parts, consumables, accessories, and paint. Since that time, Tri-State has experienced rapid growth, culminating in its acquisition of fellow Parts Plus member WM Automotive in 2021. We share a common vision for the future and will support the Tri-State team with our resources and expertise to help them continue their extraordinary growth and best-in-class customer service. Tri-State represents a unique opportunity to partner with a dynamic growth platform in the fragmented automotive aftermarket industry." Operating out of approximately one million square feet of warehouse space, the Company has partnered with a comprehensive set of the major parts and accessories brands in the industry to best serve its customers.