Aesop Auto Parts Welcomes Rob Wagman to its Board of Directors

ST. LOUIS--(BUSINESS WIRE)--Aug 12, 2024--

Aesop Auto Parts is excited to announce the appointment of Rob Wagman to its Board of Directors. Mr. Wagman brings over 30 years of extensive experience in the automotive industry, having held key leadership roles and driving substantial growth at LKQ Corporation and other automotive companies.

Mr. Wagman served as the President and CEO of LKQ Corporation from 2012 to 2017, during which he transformed the company into a global leader, growing its revenue from $4.1 billion to $9.7 billion. Under his leadership, LKQ’s stock price grew at a compound annual growth rate (CAGR) of more than 20%, creating over $8 billion in shareholder value. Mr. Wagman joined LKQ at its inception in 1998 and played a crucial role in its expansion, holding various senior positions, including Senior Vice President of Operations – Wholesale Parts Division, and Vice President of Insurance Services and Aftermarket Operations. His career also includes significant experience at Copart and Triplett Auto Parts.

"We are delighted to welcome Rob Wagman to our Board of Directors," said Tom Denton, CEO of Aesop Auto Parts. "His extensive industry knowledge and track record of driving growth will be invaluable as we deliver on our commitment to serving our customers, expanding our footprint and enhancing our service offerings."

Mr. Wagman currently serves on the boards of several leading automotive aftermarket companies, offering his strategic insights to support their growth and success. His wealth of experience and strategic vision will greatly benefit Aesop Auto Parts as the company continues its growth trajectory in the automotive parts sector.

“I am thrilled to join the Board of Aesop Auto Parts and return to my roots in auto recycling," said Rob Wagman. "I am impressed by Aesop's remarkable achievements in such a short period and look forward to collaborating with its talented team to drive innovation, foster growth, and contribute to the company's continued success."

Aesop Auto Parts ( www.aesopauto.com ) is a leading distributor of high-quality automotive parts and accessories founded in 2021 by affiliates of private equity firms Outerbound Capital and American Pacific Group to consolidate recycled auto parts providers. With a strong commitment to delivering exceptional service and products, Aesop Auto Parts maintains a comprehensive inventory of recycled and new parts at its 19 facilities and through a partner network of over 100 independent facilities.

"Rob's appointment to the Board of Aesop Auto Parts is a testament to our commitment to bringing in top-tier talent to support our portfolio companies," said Fraser Preston, Managing Partner at American Pacific Group. "We are confident that his expertise will help Aesop Auto Parts reach new heights."

About American Pacific Group

American Pacific Group ( www.americanpacificgroup.com ) is a San Francisco Bay Area-based private equity firm with $1.2 billion of capital under management. Together with management teams, American Pacific Group seeks to drive sustainable growth in its portfolio companies by leveraging in-house operating partners and the Q Process, a proprietary and tested approach to value creation.

About Outerbound Capital Partners

Outerbound Capital Partners ( www.outerbound.capital ) is an independent sponsor firm that focuses on growth-oriented investments. The firm partners with companies across diverse sectors, providing capital, strategic guidance, and operational support to scale businesses and unlock their full potential.

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KEYWORD: UNITED STATES NORTH AMERICA MISSOURI

INDUSTRY KEYWORD: AFTERMARKET AUTOMOTIVE AUTOMOTIVE MANUFACTURING OTHER AUTOMOTIVE MANUFACTURING PERFORMANCE & SPECIAL INTEREST

SOURCE: American Pacific Group

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PUB: 08/12/2024 12:02 PM/DISC: 08/12/2024 12:02 PM

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