Transtar Industries Acquires Axiom Automotive Technologies

Transtar Industries, Inc., a national distributor of aftermarket auto transmission repair parts, today announced that it has acquired Axiom Automotive Technologies, Inc., a supplier of original equipment and aftermarket transmission replacement parts.
Transtar has a national distribution network with 32 locations in the USA, Canada and Puerto Rico, and an international division that serves a global network of aftermarket automotive distributors in 70 countries.
Axiom has 65 locations throughout the United States, Canada and Puerto Rico.
The combined entity will be based at Transtar’s current headquarters in the Cleveland suburb of Walton Hills, Ohio.
The joint company will employ over 1,700 people in 97 locations nationwide, including 270 national sales representatives.
With the acquisition, it is expected that the headquarters’ staff will increase by 10-20%.
“We are very excited about this acquisition, which is a major event in our industry,” said Monte Ahuja, chairman and founder of Transtar.
“The transaction will dramatically accelerate the growth of the Transtar brand to the benefit of our customers, employees and the transmission repair industry.
Steve Parrish, president of Axiom Technologies U.S. Distribution Group, stated, “Over the years, Axiom and Transtar have shared a commitment to quality, both in products and services. Our people are motivated to take the best of Axiom and blend it with the best of Transtar to give our customers the best service and most comprehensive product line in the industry.”
Operating under the Transtar brand, the combined companies will offer a selection of almost 20,000 stock-keeping units (SKUs), representing a complete product line of soft parts, hard parts and torque converters.
The combination will create an even stronger company offering same-day delivery capability to 90 percent of the top markets in the United States and all major metro areas in Canada.