Industry Report: Automotive Aftermarket 2Q 2023
There were a lot of obstacles to deal flow in the 1st half of 2023 that we only now have clarity on now that the 2nd Quarter of 2023 is over. The economy was thought to be headed into a recession led by the Fed’s efforts to tame inflation by steadily raising interest rates. And with the specter of a Congress and White House apparently at war over raising the debt ceiling, the odds of this recession happening sooner rather than later was real. Read the full report for more insights.
Giorgio Andonian is a Managing Director at FOCUS Investment Banking, where he specializes in mergers, acquisitions, recapitalizations, and capital raises for middle-market businesses across the automotive aftermarket industry.
He brings over 15 years of operational experience from the tire and service sector. He began his career at his family's business, Discount Tire Centers of Southern California, where he held positions spanning finance, business analysis, operations, inventory management, and purchasing. He later served as vice president of a regional tire chain in Southern California, overseeing all aspects of operations and successfully preparing the business for an exit to a private equity platform.
Since joining FOCUS in 2019, Andonian has become a recognized voice in the automotive aftermarket, providing insights on industry trends, M&A activity, and market dynamics from OEM manufacturers through distributors, jobbers, and retail operators to the end consumer. His unique combination of hands-on operational expertise and investment banking acumen allows him to analyze the entire value chain and understand how changes at one level ripple throughout the industry.
Andonian holds an MBA with an emphasis in finance from Pepperdine University's Graziadio School of Business and Management and a Bachelor of Science in Business Administration with emphases in finance and supply chain management from the University of San Diego. He holds Series 79, Series 82, and Series 63 licenses.
