Professional Maintenance & Equipment is a premier distributor and service provider of aftermarket automotive shop equipment headquartered in Wade, NC. The company supports clients by providing top-tier products and extensive field services through a skilled team specialized in the installation, repair, preventative maintenance and inspection of auto lifts, air compressors, paint booths, wheel alignment tools and other mission critical equipment.
Harvey & Company partnered with a private investment group to execute on the thesis centered around the highly fragmented automotive shop equipment distribution, service, installation, and inspection industry. In addition to the fragmentation, the investment thesis is supported by the consistently consolidating customer base. As customers such as auto repair shops, dealerships and collision centers are acquired, there is a demand and an opportunity for a single vendor to provide consistent service and delivery, repeatable processes and reliable quality, regardless of geography.
Through a proactive effort, Harvey identified and engaged over 150 privately held companies across the sector, ultimately initiating and co-investing in the platform. Professional Maintenance & Equipment specializes in the installation, maintenance, and repair of automotive shop equipment, serving the dealership, collision center, tire, and lube markets.
Professional Maintenance provides comprehensive service across North Carolina, South Carolina, Tennessee, and Virginia, and will serve as a platform to pursue an organic and acquisitive path to a national footprint. The company is well positioned to accelerate growth not only geographically, but also through the expansion of the product portfolio and an emphasis on recurring service and repair opportunities.
Add-On Acquisition | October 2024:
Within 4 weeks of the investment in the platform, Harvey initiated the acquisition of Smith Equipment Solutions, a NC-based leader in technical field services and distribution of premier automotive aftermarket shop equipment. Smith represents the second investment in the strategy and a highly complementary, service-focused organization alongside Professional Maintenance & Equipment. Smith’s skilled field service team specializes in repairs, inspections, and preventative maintenance of automotive lifts, air compressors, and wheel alignment tools among other shop equipment.
