Transtar Holding Co. Acquires Arch Auto Parts

Transtar Holding Company announced it has acquired Arch Auto Parts, which has 21 locations throughout New York City and surrounding areas. Arch will become part of NexaMotion Group (NMG), a family of automotive aftermarket businesses under Transtar Holding Company. Arch was represented by Schwartz Advisors, and the terms were not disclosed.

“Arch Auto Parts aligns perfectly with our strategic goals and marks the largest acquisition for Transtar Holding Company in general automotive repair parts distribution, which exemplifies our commitment to growth in this segment,” Transtar Holding Company President and CEO Neil Sethi said. “I am incredibly proud to welcome Arch under the NexaMotion Group umbrella. We are excited to partner with the entire Arch team and look forward to accelerating our growth plans.”

Following the acquisition, Arch Auto Parts and its team members will operate as a business unit of NexaMotion Group. Arch Auto Parts owner and Chief Executive Officer Chris Bodh will join the executive leadership team as group president of general repair businesses. Through this combination, Arch will be positioned to rapidly accelerate the growth of its products, services and locations, Transtar said.

“This is a great opportunity for Arch to join NexaMotion Group,” Bodh said. “Having their support and partnership gives us a major advantage to do more for our team members, customers and suppliers, and we’re excited to be part of a great company that shares our values and culture.”

GRI recently conducted programs in Sri Lanka to empower women and motivate children under its Green x Circle initiative. The company said these endeavors aimed to address the needs of the community, focusing on both women empowerment and youth motivation.

GRI recently organized a training program titled "Management of household finance under current economic conditions" at the Ingiriya Rubber Collecting Center in Sri Lanka, South Asia led by Shashika Nimali, an NLP practitioner and life coach. The company said this initiative provided women in the industry with essential skills and knowledge to effectively manage household finances. GRI's tailored training sessions equipped participants with tools for informed decision-making, ultimately fostering greater financial security and independence, the company said.