Turn 14 Distribution has announced its acquisition of parts distributor Motovicity.
The agreement hands virtually all of Motovicity's assets to Turn 14, and ceases any and all operations of Motovicity going forward.
"A majority of Motovicity’s employees" will be offered employment opportunities within Turn 14.
Read the full release below:
Horsham, PA (May 20, 2020) Turn 14 Distribution, Inc. (“Turn 14 Distribution”), a leading distributor of high-performance automotive parts and accessories for a full assortment of passenger cars, light trucks and race vehicles, headquartered in Horsham, Pennsylvania, and Motovicity Distribution, Inc. (“Motovicity”), a leading distributor of high-performance automotive parts and accessories for a full assortment of passenger cars and race vehicles, based in Madison Heights, Michigan, announced today that they have signed a definitive agreement under which Turn 14 Distribution will acquire substantially all of Motovicity’s assets for an undisclosed price. Turn 14 Distribution will extend employment offers to a majority of Motovicity’s employees.
Motovicity’s story began in 2002 when a diverse group of enthusiasts, racers, and business professionals came together in the pursuit of redefining the automotive performance aftermarket from the Motor City. In 2013, Motovicity was recognized by its peers as SEMA’s 2013 Warehouse Distributor of the Year. Motovicity is a leader in wholesale-only distribution, offering products from some of the industry’s most recognized brands to some of its most revered builders.
“Motovicity’s singular commitment to the B2B channel, impressive enthusiast employee base, and unapologetic competitiveness pair perfectly with Turn 14 Distribution’s core values. I look forward to combining our efforts and increasing our capabilities to further build Turn 14 Distribution’s position as the leader in the distribution of high-performance parts and accessories for the automotive aftermarket,” said Jon Pulli, CEO, Turn 14 Distribution.
Chris Candido, CTO, stated, “We believe this agreement will result in a more robust and capable company and look forward to working with our new team to drive innovation in the aftermarket distribution space.”
This transaction marks Turn 14 Distribution’s first asset purchase agreement since its formation in 2007. Moving forward, Motovicity’s operations will cease and the company will operate exclusively under the name Turn 14 Distribution.
About Turn 14 Distribution, Inc.
Turn 14 Distribution is an award-winning national warehouse distributor, which sells vehicle parts and accessories into the automotive aftermarket exclusively through the business-to-business channel. With distribution centers in Pennsylvania, Texas, and Nevada, the company boasts ground shipping coverage to 43% of the US. population in one day and 100% within two days. Turn 14 Distribution leverages proprietary technology and innovative logistics solutions to drive growth, while simultaneously developing robust, symbiotic relationships up and down the supply chain to accelerate that growth. Turn 14 Distribution is privately owned and operated.
About Motovicity Distribution, Inc.
Motovicity is a renowned, regional warehouse distributor selling vehicle parts and accessories into the automotive aftermarket exclusively through the business to business channel. With an enthusiast employee base Motovicity helped to pioneer the business model needed to succeed as a wholesale only automotive distributor in the modern marketplace.
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