SolutionWorks acquires Streamline Recon
A news release from Colonnade Securities distributed on Wednesday mentioned the advising of Streamline Recon, which was acquired by SolutionWorks, a leading provider of automotive reconditioning services jointly owned by Alitus Capital Partners and Concentric Equity Partners.
The announcement indicated SolutionWorks will be partnering with the Texas-based automotive reconditioning company focused on the automotive dealership market, as Streamline’s management team will remain in place after closing and retain an ownership stake in SolutionWorks.
Streamline Recon provides automotive reconditioning services primarily for the franchise dealership market, turning new and used inventory into retail-ready vehicles. Founded in 2000, the company has been a trusted service provider in the Dallas Metroplex for more than 22 years and provides a full suite of reconditioning services, including paint, wheel repair, exterior repair, paintless dent repair, interior repair and detailing services.
Under the leadership of CEO Adam Bielecki and founder and chief operating officer Arian Rodriguez, Streamline has grown into one of the most reputable dealership service firms in the state of Texas.
“The addition of Streamline to the SolutionWorks family extends our reach into the broader automotive reconditioning market,” SolutionWorks CEO Patrick Hickey said in the news release. “Streamline’s success in the dealership market fits in nicely with SolutionWorks portfolio of body shop, insurance carrier, fleet, and OEM customers.
“The combined company will add new capabilities to help our customers succeed, as well as create avenues for our technicians to grow and advance within the business. We are thrilled that the entire Streamline team is staying on board to join us in our journey,” Hickey continued.
When asked about partnering with SolutionWorks, Bielecki said, “The Streamline team could not be happier with our partnership with SolutionWorks. This transaction is the next evolution of Streamline that allows us to bring expanded service offerings to our customers and grow our footprint nationally. We are unified in our vision of being the single source repair provider during the entire life cycle of a vehicle.”