AMN Drivetime: Schwartz Advisors’ Rick Schwartz

AMN Drivetime: Schwartz Advisors’ Rick Schwartz

In this episode of AMN Drivetime, Rick delves into trends in M&A in the macroeconomy and the automotive aftermarket.

The Schwartz name is synonymous with the automotive aftermarket. It started with Mort Schwartz, an engineer by training who served as chairman and CEO of four different automotive aftermarket companies from the 60s to the 90s. Mort’s service to the aftermarket, including as a member and chair of various aftermarket committees, spans more than 40 years, and now his son, Rick, is following in his footsteps to make the Schwartz name a leader in M&A advising and business growth strategies in the industry.

Rick received his MBA from USC’s Marshall School of Business, and while his father grew and ran companies in the aftermarket, Rick’s career spans multiple industries working in management positions for the likes of Macy’s, Nestle and The Upper Deck Company early in his career. He gained C-suite level experience as the COO of a health and fitness company before joining forces with his dad to create Schwartz Advisors, an M&A and growth consultant for companies in the automotive aftermarket.

In some ways, we sat around the dinner table one day and my dad said, I’ve got an idea. What do you think about this?” Rick explains. “One of [his goals was] to start a company that would be an advisor to the industry. That’s a company that didn’t exist when [he] owned his WDs. At the time I was running a company in San Diego1, and he knew that I wanted to do something more entrepreneurial and something that touched on the private equity world. He wanted to see something that could really provide value to the industry.”

In 2006, Schwartz Advisors was born, and since then, the firm has added 12 industry experts from different segments to consult on various deals and strategies. In this episode of AMN Drivetime, sponsored by AISIN, Rick delves into:

  • The reasons why he initially studied international relations (1:00);
  • Lessons he learned from working at large companies in different industries early in his career (1:44);
  • How Schwartz Advisors was born (2:54);
  • The breadth and depth of Schwartz Advisors’ expertise (4:02);
  • Trends in M&A in the macroeconomy and the automotive aftermarket (8:02);
  • The types of business that are a good fit for the “buy-side” and “sell-side” of acquisitions (10:22);
  • Lessons Rick learned from his father, Mort (12:42);
  • Rapid Fire questions (14:18).

 AMN Drivetime is sponsored by AISIN. Find more episodes here.

You May Also Like

AMN Drivetime: MANN+HUMMEL’s Kurk Wilks

Kurk Wilks, president and CEO, delves into how advanced technology and customer needs are shaping future products.

Drivetime_ Wilks

In its 81 years in business, Mann+Hummel has prided itself on being family-owned, remaining steadfast to its mission: separating the useful from the harmful with its filtration products. Yet, over the years, its products have evolved as the company has innovated to meet the demands of its customers. About 25 years ago, the innovation and heritage of Mann+Hummel attracted its current president and CEO to the company and he hasn’t looked back.

AMN Drivetime: CRP’s Mike Palm

Learn how Palm has led the company’s aftermarket product management to ensure CRP’s future success.

Drivetime_ Palm
AMN Drivetime: BendPak’s Jeff Kritzer

Kritzer worked his way up from the shipping and receiving department to president and CEO.

Drivetime_ Kritzer
AMN Drivetime: AWDA’s Ted Hughes

Aftermarket veteran Ted Hughes shares the changes he’s experienced and lessons learned through 30+ years in the aftermarket.

Drivetime_ Hughes
AMN Drivetime: GSP North America’s Michael Ceritano

Ceritano describes the ways GSP North America has grown and what he feels has been integral to its success.

Drivetime_-Ceritano

Other Posts

Where the road ends and the show begins: The Road to AAPEX S2E10

The crew takes one final look in the rear-view mirror for a glimpse into the history of the aftermarket and AAPEX before charging into this year’s AAPEX.

The roads that connect us: The Road to AAPEX S2E9

As Joe Keene toils away on the Blackwood, Editor David Sickels investigates a different type of automotive connection: Telematics.

RTA-S02-E09
How microgrid mastery empowers fleets to go electric

Establishing a microgrid can help fleet managers better control charging schedules for their EVs.

Amped-incharge-1400
How these autonomous EVs operate outside road lanes

We discuss the technology and navigational accuracy of autonomous low-speed electric vehicles.

Amped-carteav-1400