NPW Acquires Larry Hoffberg's DAHL Warehouse In Gardena, Calif.

NPW Acquires Larry Hoffberg’s DAHL Warehouse In Gardena, Calif.

This is the company's fifth acquisition in a year, with the deal set to close Sept. 1.

National-Performance-Warehouse-Logo-300x154MIAMI — National Performance Warehouse (NPW) reached an agreement to acquire the WD business of long-time distributor and rep Larry Hoffberg. The Hoffberg family has owned DAHL Warehouse in Gardena since 1977. DAHL Warehouse is a longstanding factory warehouse (aka FEE Warehouse) whose purpose is to keep manufacturers inventory close to its customers for quick replenishment.

Hoffberg and NPW are closing the deal after HART MARX Advisors brought buyer and seller together. HART MARX Advisors provided strategic and tactical guidance throughout, resulting in completion of a successful transaction. HART MARX Advisors, based in San Rafael, Calif., specializes in automotive aftermarket mergers & acquisitions.

NPW has a facility in Southern California, which will be consolidated into the Gardena facility in the near future. And as is the custom of the NPW Companies, retaining the staff of acquisitions is important. The DAHL operations key employees will be retained to service the operation and its customers.

“We’ve operated this business for almost 40 years now,” Hoffberg said. “I enjoyed every minute and have made a lot of friends and expect we helped many suppliers be more prosperous. I am not leaving the business; just handing off a large part to Larry Pacey to continue with his successful formula. I am retaining my office in the NPW facility as I will continue to represent factories as their sales agent in Southern California and stay active and involved in the industry. NPW will also be warehousing AUP products to distributors.”

“Larry Hoffberg has built a respected business over the last 39 years. DAHL is near our Vernon warehouse and operates a complementary business model,” Pacey said. “It was a good fit for our expansion plans and strengthens our Southern California market. We have several more irons in the fire, so stay tuned for more from NPW this year.”

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