WILsquare Capital Portfolio Company, Automotive Color & Supply, Acquires Ohio Paint Supply

WILsquare Capital's portfolio company, Automotive Color & Supply (ACS), has successfully acquired Ohio Paint Supply (OPS), a distributor of automotive and industrial paint products based in Ohio. The deal, announced on July 1, 2026, comes with undisclosed financial terms and marks a significant step in ACS's growth strategy within the automotive refinishing and industrial coatings sector.

The acquisition of OPS enhances ACS's footprint as a distributor in the automotive refinishing market, leveraging OPS's established reputation for service excellence and strong customer relationships. Ohio Paint Supply has been recognized for its commitment to quality and customer service, attributes that align closely with ACS's operational ethos. This strategic move allows ACS to strengthen its multi-regional platform, which already spans several key markets, including Illinois, Indiana, Arkansas, Texas, and Louisiana.

WILsquare Capital has positioned itself as an active player in the automotive paint distribution space, with the acquisition of OPS being its fourth transaction in this sector. Prior acquisitions include Paint Works in 2024 and Smetzer Paint & Supply in 2025, following the initial acquisition of ACS itself in 2023. This series of acquisitions underscores a deliberate strategy to consolidate and expand ACS's capabilities in the Midwest, aiming to capture further market share in underserved regions.

The automotive refinishing and industrial coatings market is characterized by evolving customer demands and increasing competition. By integrating OPS into its operations, ACS not only enhances its service offerings but also gains access to a broader customer base. The partnership is expected to facilitate growth opportunities, particularly by leveraging OPS's existing vendor relationships and operational expertise.

As WILsquare Capital continues to pursue growth through strategic acquisitions, the integration of Ohio Paint Supply into ACS signifies a broader trend of consolidation within the automotive supply industry. This move is indicative of the ongoing efforts by private equity firms to capitalize on opportunities in niche markets, particularly those with a strong emphasis on customer service and relationship management. The outlook for ACS remains positive as it seeks to build upon this acquisition and further solidify its position in the competitive landscape of automotive paint distribution.