| Ticker: KEYS | 700 East Bonita Avenue | |
| Exchange: NASDAQ-National Market | Pomona, California 91767 | |
| Industry: Wholesale | (909) 624-8041 |
| Type of Shares: | Common Shares | Filing Date: | 4/18/96 | |
| U.S. Shares: | 2,700,000 | Offer Date: | 6/20/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,500,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 1,200,000 | Gross Spread: | $0.63 | |
| Offering Amount: | $24,300,000 | Selling: | $0.36 | |
| Expenses: | $650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,300,000 |
| Manager | Tier | Phone |
| Morgan Keegan & Company, Incorporated | Lead Manager | (901) 524-4100 |
| Crowell, Weedon & Co | Co-manager | (213) 620-1850 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/29/96 | 3/29/96 | ||||
| Revenue: | $115.33 | Assets: | $43.04 | ||
| Net Income: | $3.11 | Liabilities: | $27.56 | ||
| EPS: | $0.54 | Equity: | $15.48 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company distributes aftermarket collision replacement parts produced by independent manufacturer for automobiles and light trucks. Keystone distributes its products primarily to collision repair shops throughout most of the United States. The Company's product lines consist of automotive body parts, bumpers, autoglass and remanufactured alloy wheels, as well as the paint an other materials used in repairing a damaged vehicle. Keystone sells approximately 13,000 different stock keeping units to over 17,000 collision repair shops out of an estimated 48,000 shops nationwide. Founded in SOuther California in 1947, the Company operates a "hub and spoke" distribution system consisting of 41 service centers of which six serve as regional hubs. From these service centers, Keystone's 250 professional trained salepersons call on an average of 4,000 collision repair shops per day. |
| Use of Proceeds |
| The proceeds from the offering will be used to pay down the company's line of credit with a bank and in connection with the proposed acquisition of seven additional service centers. Subsequent to the offerings, the company intends to use its line of credit for general corporate purposes and the acquisition of service centers. |
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