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Genoa Capital Partners Completes Financing for Hotshots Automotive Aftermarket Distributor

Local automotive aftermarket distributor obtains funding to manage more inventory

 
PRLog - Apr. 1, 2014 - SANTA ANA, Calif. -- Genoa Capital Partners, a merchant bank and advisory firm based in Orange County, has recently announced the completion of financing for Hotshots LLC, a franchisee of Fast Undercar Inc., a wholesale distributor of aftermarket automotive products with dozens of locations throughout Southern California and the west coast. The company plans to use the funds obtained by Genoa Capital Partners to refinance business debt and arrange inventory financing as the U.S. auto industry recalibrates itself and begins restocking in key areas, such as product planning and distribution, for maximum recovery.

“We’re honored to be part of an industry paving the way for economic growth as technological advancements create new opportunities for suppliers like Hotshots,” said Dan Dalfiume in a statement for Genoa Capital Partners.

The automotive aftermarket industry comprises the manufacturing, distribution and installation of vehicle parts and accessories after an automobile has been sold from its original manufacturer. The aftermarket industry is worth an estimated $307.7 billion and employs over 4 million people working in the automotive sectors now in recovery.

Among the thousands of products many local repair shops and installers are stocking up on are steering components, brake pads and transmission parts just to name a few. With an average age of most vehicles being 11 years, it’s clear that many consumers scarred from the recession are choosing to keep their cars as long as possible, which calls for an increased demand in quality parts designed for longevity.

Since 1996, Fast Undercar Inc. has become a premier supplier of quality automotive products to over 15,000 professional installers at independent repair shops and national repair chains across the country. Local warehouses are fully stocked with entire lines from the industry’s most preferred manufacturers and are shipped out upon order by a fleet of delivery trucks waiting on standby. Fast Undercar Inc.’s immediate delivery system guarantees the highest level of customer service and no limits on warranty.

Hotshots, LLC, a franchisee of Hotshots LLC, acquired its financing through Genoa Capital Partners, an advisory group that brings an end-to-end solution to management teams: evaluating strategic options, defining key objectives, developing action plans, and executing transactions. Genoa Capital Partners also works alongside companies that are under-capitalized, with recent poor operating and economic performance; or for companies with difficult borrowing needs that cannot be served by the banking community.

Contact
Dan Dalfiume
(949) 393-4399 Ext 101
***@genoacap.com

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Contact Email:
***@genoacap.com
Source:Genoa Capital Partners
City/Town:Santa Ana - California - United States
Industry:Automotive, Banking
Tags:Dan Dalfiume, Genoa Capital Partners, Hotshots, Fast Undercar, automotive aftermarket
Last Updated:Apr 10, 2014
Shortcut:prlog.org/12303966
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