Painters Supply & Equipment Co. (“PSE”) announced the acquisition of Auto Paint & Equipment (“A.P.E.”) located in McDonald, Pennsylvania. Founded in 1989, A.P.E. is a Platinum Distributor that has been owned and operated by Ron and Frank Panza since 1995. The acquisition expands PSE’s footprint in the Pennsylvania and West Virginia markets.
“We are pleased to welcome the Auto Paint and Equipment team to the Painters Supply organization” said Patrick Mayette, president & CEO of PSE. “Ron, Frank and the rest of the A.P.E. team have joined PSE and will continue to drive the growth and success of the McDonald location, which will only be strengthened as they join the Painters Supply team.”
Founded in 1952 and headquartered in Taylor, MI, PSE has grown to 37 branch locations across Michigan, Ohio, Indiana, Pennsylvania, Georgia and Alabama. PSE serves more than 6,200 customers, including collision repair shops, auto dealerships, fleet operators, and various other commercial and industrial accounts. PSE is the largest Platinum Distributor in North America and maintains strong market share across its footprint.
“We are pleased to add this strategic acquisition to the PSE portfolio” continued Mr. Mayette. “We continue to focus on being an active acquirer of strategic distributors in the Midwest, Southeast and nationally in 2018 to support our aggressive growth goals.”