Fund buys management of automotive components co M PInes for NIS 500m
The car components market continues to arouse curiosity on the capital market. Non-public fairness agency Israel Legacy Companions has introduced that it’s shopping for the controlling curiosity (70%) in car components importer M Pines from the Pines household for over NIS 500 million. The deal values M Pines at some NIS 700 million. It comes only one month after the exit from Hamaagar-Automotive Spare Components Heart Ltd. by the Caduri household, which offered the corporate to car importer Common Motors Israel (UMI) (TASE: UNMI).
Along with strategic traders and funding establishments, Legacy is shopping for management of the veteran household firm, which was based in 1986, and imports and distributes spare car components. M Pines serves greater than 900 clients round Israel. It operates 4 logistical facilities with an mixture house of 17,000 sq. meters, and employs about 250 folks.
Israel Legacy Companions, based and run by Eylon Penchas, Nadav Harari, and Ben Orion, makes a speciality of funding in medium-size household corporations. M Pines will retain its household character even after the acquisition. Founder Moti Pines, who has headed it for 4 a long time, will function president of the corporate and can advise on the transition, whereas his daughter, Natalie Pines, who has stuffed senior administration roles within the firm, will change into CEO, and her sister Bar Pines will probably be deputy CEO.
For Israel Legacy Companions, that is the fifth deal because it was based in 2021 with a fund totaling NIS 750 million. In its portfolio are logistics and providers firm Mentfield, work instruments importer LK Instruments and Tools, Hamashbir Agriculture, and Paragon Barnea, a developer of techniques to stop smoke and hearth injury.
“Automobile spare components is a lovely area that’s continuously rising,” stated Legacy associate Ben Orion. “We’re delighted with the partnership with the Pines household, and we will work along with them and the corporate’s workers to keep up its standing out there and to develop its enterprise each organically and thru mergers and acquisitions.”
As talked about, the acquisition of management in M Pines comes after UMI reported final month that it had agreed to purchase the controlling stake in Hamaagar-Automotive Spare Components Heart and the enterprise of Hamaagar Leasing from the Caduri household for NIS 350 million.
Hamaagar can also be a household firm. It was based by Naim Caduri, who immigrated to then Palestine within the early Nineteen Forties from Iraq, and supplied providers to autos of representatives of the British mandate authorities. As time glided by the following era entered the enterprise, and the corporate expanded into further fields corresponding to car gross sales, spare components gross sales, automotive leasing, and actual property.
Concentrated, extremely worthwhile sector
The acquisition of the enterprise by public firm UMI supplies an perception into the importation and distribution of auto components in Israel, a extremely worthwhile enterprise, generally much more so than gross sales of the autos themselves. Hamaagar-Automotive Spare Components Heart’s income for the primary 9 months of 2025 totaled NIS 163 million. Its working revenue was NIS 27 million, a high17% of turnover, and its web revenue was NIS 21 million.
The spare components market in Israel could be very concentrated, with vast margins all alongside the provision chain. In line with a report launched in 2022 by the State Comptroller and the Competitors Authority, there are variations of tens and even tons of of proportion factors between costs of authentic components and of options, and between costs paid by personal shoppers and people paid by restore garages and insurance coverage corporations. The report additionally discovered that costs of spare components in Israel had been tons of of proportion factors larger than costs abroad.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 4, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
