Founded by Leon Young and Howard Pi in 1985, Empire Auto Parts (“Empire”) is a leading distributor of collision replacement parts throughout the Northeastern and Mid-Atlantic regions. Empire sources and stocks a comprehensive range of aftermarket collision parts for an extensive array of vehicle makes, models, and vintages. Core product categories include bumper covers, headlights, taillights, hoods, fenders, and numerous other vehicle components commonly damaged in car accidents. Through its in-house fleet of drivers and trucks, Empire provides same day delivery service to thousands of independent collision repair centers, multi-shop operators and dealership customers. Since founding the company in 1985, Leon Young and Howard Pi expanded Empire from a single location in NJ to sixteen locations in thirteen states through a relentless focus on operational excellence and organic growth. After more than thirty years of ownership, the shareholders decided to explore alternatives for achieving a liquidity event and capitalizing the company for accelerated growth and expansion. Silvergrove was engaged to represent the company and its shareholders in a process to identify a capital partner. Through a highly competitive process, a transaction was executed with Tenex Capital Management, a NY based private equity firm with deep automotive industry and operational experience, and a highly successful track record of partnering with founder owned companies to achieve national scale and presence.