Who Owns Autoanything - T-Tees - Your Answers Await, Life's Questions Unraveled

Kingswood Capital Management has acquired AutoAnything, an online retailer of automotive performance parts and accessories, through a corporate carve-out from publicly-traded AutoZone.

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AutoAnything’s sells a wide variety of products including tonneau covers, floor mats and liners, brakes, rotors and pads, seat covers, suspension systems, nerf bars and running boards, exhaust, mufflers and tips, and air intake systems. The company is headquartered in San Diego (www.autoanything.com). AutoAnything was founded in 1979 by Selwyn Klein, and his sons David and Trevor launched its online business in 1999. In December 2012 the company was acquired by AutoZone.

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“We look forward to working with Kingswood and continuing to provide our customers with market leading products and service,” said Brandon Proctor, President of AutoAnything. “Kingswood’s expertise and operational support will allow us to accelerate the execution of our strategic plan and to reach our full potential as an independent company.”

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As part of the transaction, Drew Sanocki, a Kingswood operating executive and an e-commerce veteran, having participated in the sector as a founder, operator, advisor and investor, is joining AutoAnything as Executive Chairman and will be actively involved with the company’s senior management team. “We are excited about partnering with a leader in such a large and expanding category. We look forward to working with the AutoAnything team to innovate and grow the company as a category leader,” said Mr. Sanocki.

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“As an early mover in the online automotive aftermarket category, AutoAnything was able to develop some distinct competitive advantages in a large, fragmented and growing market,” said Alex Wolf, Managing Partner of Kingswood. “We are delighted to partner with Brandon, Drew and the entire AutoAnything team to further build upon those strengths for the benefit of AutoAnything’s customers, employees and vendor partners.”

Kingswood Capital Management makes control equity investments of up to $75 million in North American-based companies that have revenues from $100 million to $500 million and that have positive, negative or break-even EBITDA. Sectors of interest include business, government, and healthcare services; consumer and retail; energy; industrials; technology, media & telecommunications; and value-added distribution. The firm was founded in 2013 by Alex Wolf and is headquartered in Los Angeles (www.kingswood-capital.com).