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Freeman Spogli & Co. Acquires a Majority Interest in Integrated Supply Network

LAKELAND, FL, June 22, 2016 - Integrated Supply Network ("ISN" or the "Company"), the largest independent wholesale distributor of automotive tools, equipment and supplies throughout North America and the United Kingdom, announced that it has been acquired by Freeman Spogli & Co., management and other investors. Financial terms of the transaction were not disclosed.

Formed in 1997 and headquartered in Lakeland, Florida, ISN is a value-added distributor that sells more than 100,000 products through an extensive distribution network to over 20,000 unique customer locations that ultimately sell to automotive mechanics and technicians.  ISN operates in a highly fragmented industry and enjoys the benefits of being the largest independent wholesaler in the automotive aftermarket tool category.  ISN is the key link in the supply chain between manufacturers of automotive tools and equipment and the fragmented group of mobile and stationary jobbers supplied by ISN.  The Company offers manufacturers and customers an international network of warehouses and a broad array of products, backed by customer service leadership, innovative use of technology and multi-step pull through marketing capabilities.  

"ISN is a unique value-added distribution business with multiple points of differentiation and diversification across its brands, geographies, products and channels. Bruce Weber and his management team have done a tremendous job building the Company to position itself as the market leader within the automotive tools and equipment aftermarket industry," said Todd Halloran, a General Partner at Freeman Spogli.  "The Company's ability to service the project-critical needs of its customers as well as its long-standing relationships with key suppliers enable ISN to maintain its entrenched position within the supply chain.  We look forward to a long-term partnership with the Company as we engage in value enhancing investments and initiatives to continue its long track record of growth."

Bruce Weber, President and CEO of Integrated Supply Network, said: "We are thrilled to partner with Freeman Spogli and they will serve as a highly complementary partner for our Company. We are very excited about our partnership and future growth opportunities. Freeman Spogli's expertise within the automotive and specialty distribution sectors will be an invaluable resource as we continue to find innovative ways to grow and expand our business." 

Ropes & Gray acted as the legal advisor to Freeman Spogli & Co. and Kirkland & Ellis acted as the legal advisor to the Company. BlackArch Partners and BB&T Capital Markets acted as financial advisors to the Company.

About Integrated Supply Network

Integrated Supply Network is a privately held value added wholesaler focused on delivering the industry's most complete selection of professional tools, garage equipment and supplies to the automotive industry's million plus mechanics and garage owners through a network of 20,000 plus professional distributors. ISN is headquartered in Lakeland, Florida and has 30+ locations across the US, Canada and the UK.  Visit www.isnweb.com for more information.

About Freeman Spogli & Co.

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States.  Since its founding in 1983, Freeman Spogli has invested $3.7 billion in 54 portfolio companies with aggregate transaction value of $21 billion.  Freeman Spogli has offices in Los Angeles and New York.  For additional information, visit www.freemanspogli.com.

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