Cambridge Savings Bank Offers GWA Auto Parts $ 4 Million Credit Facility to Solve Inventory and Distribution Issues



Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-centric approach and over $ 5 billion in assets, today announced that its asset-based lending team has provided a $ 4 million credit facility to GWA Auto Parts (GWA), an importer, distributor and online retailer of automotive parts, to support working capital investments as the company pursues strategic growth through catalog expansion and merger and acquisition efforts.

After the acquisition of GWA by JMH Capital Partners, a mid-sized private equity firm based in Boston, MA, the auto parts maker was seeking financing to support the company’s growth and associated working capital requirements. The company’s strategic growth plans added working capital requirements beyond the capabilities of their previous financial institution. As a result, JMH Capital was looking for a banking partner that offered it the flexibility to meet GWA’s significant growth potential and build on its strong presence in e-commerce.

“JMH has partnered with GWA to meet the human resource and capital needs of the business as it faces the accelerated growth of automotive aftermarket parts sold through e-commerce channels,” said Tatum Bevis, Managing Director of JMH Capital. “Cambridge Savings Bank supported our efforts to grow GWA’s business from the start. Their rapid and efficient service delivery has enabled GWA to take advantage of future growth opportunities and further establish its credibility in the automotive aftermarket category. ”

Now on track to meet their business goals at GWA, Bevis and his team are actively looking to purchase other growing companies in need of a recapitalization. The customized lending solutions offered by CSB have allowed the two organizations to work together more broadly as future acquisitions materialize.

“We are honored that JMH Capital has trusted Cambridge Savings Bank to create bespoke lending solutions that accelerate the future growth of GWA Auto Parts,” said John bobbin, Senior Asset-Based Lending Officer at CSB. “Our Asset-Based Lending team is eager to meet the unique needs of businesses in our community by bringing a personal touch to loans that support the growth of each of our clients. ”

CSB’s commercial division is focused on the needs of their local communities and businesses, offering a full range of solutions from banking and business lending, commercial real estate lending, cash management and commercial services. Cambridge Savings Bank is the bank you can trust to provide personalized services to meet your business needs. To learn more about CSB’s Custom Solutions for Business Entities, please contact Keith Broyles, Senior Vice President, Head of Asset Lending, at k[email protected]

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service banking institution with over $ 5 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, our customers and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full range of personal and business banking services through a strong network of Massachusetts-based branches and through digital banking solutions for individuals and businesses. commercial customers, small businesses and consumers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you get the most out of your banking relationship. FDIC member.

About GWA Auto Parts:

GWA Auto Parts manufactures and distributes high quality aftermarket parts for domestic, European and imported vehicles including Chevrolet, Dodge, Ford, BMW, Volkswagen, Audi, Porsche, Kia, Hyundai, Subaru, Mitsubishi and more. All parts are manufactured in an ISO certified facility and undergo a thorough quality control process before shipment. This is essential when working with electronic parts such as ignition coils, speed sensors, coolant sensors, and switches. In April 2021, GWA Auto Parts was acquired by JMH Capital Partners and will implement tactics to accelerate their catalog development rate and growth rate under new leadership. For more information, visit: gwaautoparts.com.

About JMH Capital Partners:

JMH Capital Partners is an operational private equity firm dedicated to growing businesses with excellent growth potential, but lacking the resources to double or triple their size. JMH invests in established companies with revenues of $ 5-100 million, a unique market position and exceptional profit potential. For more information, visit: jmhcapital.com.


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