BETHESDA, Md. (July 21, 2016) — Two auto care industry leaders were recently honored with a donation made in their names to the University of the Aftermarket Foundation (UAF).
Pete Kornafel, a Master Automotive Aftermarket Professional (MAAP) and UAF trustee, said the donation — made by Harvest Partners L.P., a New York-based private equity firm with holdings in the automotive aftermarket — will fund several UAF scholarships in 2017.
The industry leaders honored with the UAF donations are David Caracci, executive director at Automotive Sales Council, and Mort Schwartz, founder of the Global Automotive Aftermarket Symposium.
In announcing the donation, Mr. Kornafel called Messrs. Caracci and Schwartz “strong supporters of industry education throughout their careers” and noted that the two industry advocates “have worked tirelessly to help raise scholarship funds for deserving students seeking a career in the aftermarket.
“It is very rewarding to see Harvest Partners recognize them for their efforts. I know they are both grateful that more scholarships will be funded in 2017.”
Harvest Partners backs high-quality management teams to acquire and build growing businesses. Among Harvest Partners' investments in automotive-related companies are Driven Brands Inc. — parent of the Meineke Car Care Centers, Maaco Collision Repair & Auto Painting and Econo Lube & Tune franchise programs — and truck parts distributor TruckPro Inc.
Michael Klein, chairman of the Auto Care Association, serves as an adviser to Harvest Partners, supporting the firm in identifying and evaluating investment opportunities in the automotive aftermarket parts, distribution, services and retail sectors.
The UAF said it accepts donations of any size to support its mission of funding scholarships and educational programs that help develop a strong auto care industry work force. Contributions may be made to honor, memorialize or recognize individuals, organizations or special events. The foundation is a 501(c) 3 not-for-profit organization and all contributions are tax deductible to the extent provided by law.
Donation to the UAF can be made by contacting Barbara Cunningham at 816-584-0511 or via email at [email protected].
Since 1986 the UAF has funded millions of dollars of scholarships, grants, research and ongoing educational programs to help develop a strong, knowledgeable aftermarket work force, the university said.