Wayne Auto Salvage, Inc.
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Wayne Auto Salvage, Inc. - overview
Established
1969
Location
Goldsboro, NC, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Wayne Auto Salvage, Inc. is a US-based provider specializing in quality-tested used auto parts for both domestic and foreign vehicles, focusing on reliability and competitive pricing for its clientele. Wayne Auto Salvage, Inc. focuses on supplying quality used auto parts and was founded in 1969 in Goldsboro, US.
The company was acquired by Aesop Auto Parts LLC in March 2021, which will enhance its growth through the Aesop Auto Parts platform. Wayne Auto Salvage specializes in providing low-mileage, quality-tested used auto parts for foreign and domestic vehicles. Their core offerings include used engines, transmissions, mechanical components, and insurance-quality auto body parts, all subjected to rigorous inspection. Serving repair shops, DIY enthusiasts, and collision centers, they also facilitate the acquisition of wrecked or junk vehicles for responsible recycling and cash returns.
Wayne Auto Salvage generates revenue through direct sales of used auto parts to sectors including repair shops and individual consumers. Their business-to-business model allows for individual or bulk purchases, each accompanied by a warranty. Additionally, they purchase wrecked or junk vehicles, providing top dollar for these assets, which enhances their operational profitability and commitment to sustainability in automotive recycling. Following the acquisition by Aesop Auto Parts LLC, Wayne Auto Salvage, Inc.
aims to leverage the Aesop Auto Parts platform for continued growth. The current strategy will focus on expanding their product offerings and enhancing service capabilities in new markets. The acquisition will support these initiatives by providing additional resources and expertise, although specific new products or geographical expansion plans have not been detailed.
Current Investors
Aesop Auto Parts LLC
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Recycling, Search Engines
Website
www.wayneautosalvage.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Wayne Auto Salvage, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Wayne Auto Salvage, Inc. | - |
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