Lower middle market private equity firm HCI Equity Partners has appointed Matt Johnson as CEO of its recently launched automotive aftermarket distribution platform, Driven Distribution Group.
The announcement comes on the heels of Driven Distribution’s acquisition of the auto parts and accessories distribution business of Chicago Parts & Sound (CPS) in October and the recapitalization of Tri-State Enterprises Inc. in November 2023.
“We are delighted to welcome Matt to Driven Distribution,” said Scott Gibaratz, partner at HCI. “He brings with him a wealth of experience in leading large automotive aftermarket businesses, integrating and growing multi-business unit companies, managing rapid-paced acquisitions, and building scalable processes and teams. Matt aligns seamlessly with our team, our culture and our strategic objectives, and we believe he will be instrumental in driving our continued success.”
Most recently, Johnson was CEO of EiKO Global, a manufacturer and distributor of LED lighting appliances and fixtures. Previously, he held the title of chief operating officer and executive vice president at both Pep Boys and Parts Authority, a distributor of automotive aftermarket parts.
Prior to those positions, he served as president of Altrom Group, Interamerican Motor Corporation and Westborough Management Group LLC. He holds a master’s degree from Wake Forest University.
“I’m eager to bring my operational and management experience in the automotive aftermarket industry to Driven Distribution,” said Johnson. “The company has an established track record of impressive organic growth, robust M&A, and a strong reputation built by Tri-State and CPS. I look forward to guiding Driven Distribution’s growing operations as we expand into new regions and partner with new businesses, all while continuing to provide best-in-class service to our customers.”
