Keystone Automotive Operations, Inc.
Keystone Automotive was, at the time of acquisition, the largest distributor of automotive aftermarket accessories. However, its business was regionally focused and it needed strategic insight and investment capital in order to grow geographically and expand its product line. Littlejohn recruited senior level management to augment the existing team, and then embarked on an aggressive expansion program. Customer service and inventory mix were improved, a new Midwest warehouse facility was added, an e-commerce business was developed and three bankrupt/insolvent competitors were acquired. During the five year investment period, revenues and EBITDA doubled.