Fort Lauderdale, FL – October 22, 2026 – Alterna Equity Partners (“Alterna”), a lower-middle-market private equity firm focused on investing in founder-owned companies, today announced its investment in National Transmission Products, LLC and affiliates (“NATPRO” or the “Company”), an industry-leading provider of automatic transmission products to the automotive aftermarket. Alterna’s investment was made in partnership with NATPRO’s President, Chadd Lester. The terms of the transaction were not disclosed.
NATPRO, founded in 1973 and based in Southern California, has a growing footprint of 14 locations across the United States and has established itself as a market leader in the industry. The Company offers an expansive product portfolio of transmission parts and components, exceptional customer service and a best-in-class distribution network, serving a diverse customer base of transmission repair centers, independent repair shops, remanufacturers, resellers and enthusiasts across North America. Alterna’s investment in NATPRO included affiliated entities that represent a diversified platform across specialty wholesale distribution, remanufacturing and parts supply.
“The automotive aftermarket sector continues to demonstrate remarkable resilience and growth, driven by an aging vehicle fleet and increasing vehicle complexity,” said Casey Swercheck, Co-Managing Partner at Alterna Equity Partners. “We are thrilled to partner with NATPRO and its exceptional management team. NATPRO’s commitment to quality and unwavering customer service is unquestionable, and this investment aligns closely with Alterna’s focus on partnership-oriented transactions. Our investment will help NATPRO accelerate its expansion initiatives, both organically and through accretive M&A.”
NATPRO President Chadd Lester commented, “This partnership with Alterna marks an exciting new chapter for NATPRO. We see tremendous opportunity to continue growing the business while creating even greater opportunities for our employees. Our team has been a critical part of NATPRO’s success, and as we expand our geographic footprint, invest in new capabilities and grow the organization, we expect to create additional opportunities for career development, advancement and long-term growth for both our current and future employees. Alterna’s experience scaling businesses will provide additional resources to support that growth while allowing us to continue building on the culture, customer service and industry expertise that have made NATPRO successful.”
Synovus Bank provided the debt financing for the transaction.
Alterna Equity Partners is a private equity firm based in South Florida focused on making control and non-control investments in lower middle-market U.S. companies. We seek stable, established companies and back strong management teams and operating partners that are poised for growth. Our differentiated strategy is centered on the long-standing focus on founder- or family-owned mid-size businesses and a deep understanding and appreciation of the unique challenges and opportunities such businesses present. Alterna Equity Partners prioritizes opportunities that offer strong alignment with founders and operators to execute both organic and inorganic pre-identified growth strategies. To learn more, please visit www.alternaequitypartners.com.
Founded in 1973, National Transmission Products (NATPRO) is a leading wholesale distributor of automatic transmission parts serving professional transmission repair outlets. For more than five decades, NATPRO has upheld its commitment to delivering the “Best for the Best” through high-quality parts, exceptional customer service and expert technical support.