Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client AirPro Diagnostics, LLC has been acquired by Rotunda Capital Partners.
AirPro is a leading provider of automotive diagnostic scanning, calibration, and programming services. The Company offers advanced technology solutions, such as the AirPro device and the Auggie ADAS calibration tool, to assist collision repair shops in accurately diagnosing and calibrating vehicles. AirPro’s services ensure vehicles function safely and align with original manufacturer specifications.
Rotunda is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics, and industrial, business, and residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes, and create robust, data-driven infrastructures.
“Working with Howard Serkin and Bill Prescott was an exceptional experience. From the very beginning, they guided us through the process with confidence, ensuring every step was smooth and well-planned,” commented Lonnie Margol, Owner and CEO of AirPro. “Their keen attention to detail and strategic insight made all the difference in achieving an outstanding outcome. We couldn’t have asked for a better partner in this journey.”
“AirPro is an innovative market leader in the ADAS calibration space. It was a pleasure to work with Lonnie and his team to find the right partner to capitalize on the growing market for ADAS services,” commented Bill Prescott, deal team lead for Heritage.
Heritage served as the exclusive financial advisor and intermediary to AirPro. Bill Prescott led the deal team, which also included Howard Serkin. The terms of the transaction were not disclosed.
