M&A Deal Summary

Advance Auto Parts Acquires Trak Auto

On July 23, 2002, Advance Auto Parts acquired retailer Trak Auto

Acquisition Highlights
  • This is Advance Auto Parts’ 3rd transaction in the Retail sector.
  • This is Advance Auto Parts’ 3rd transaction in the United States.
  • This is Advance Auto Parts’ 1st transaction in Maryland.

M&A Deal Summary
Date 2002-07-23
Target Trak Auto
Sector Retail
Buyer(s) Advance Auto Parts
Deal Type Special Situations/Distressed

Target

Trak Auto

Landover, Maryland, United States
Trak Auto Corporation operates retail discount auto parts and accessories stores in the United States.

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Buyer(S) 1

Buyer

Advance Auto Parts

Raleigh, North Carolina, United States

website

Category Company
Founded 1929
Sector Retail
Employees40,000
Revenue 11.2B USD (2022)
DESCRIPTION
Advance Auto Parts store in Destin, Florida.
Advance Auto Parts store in Destin, Florida.

Advance Auto Parts is an automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, serves both the do-it-yourself and professional installer markets. Advance Auto was incorporated in 1929 and is headquartered in Raleigh, North Carolina.

DEAL STATS #
Overall 3 of 10
Sector (Retail) 3 of 4
Type (Special Situations/Distressed) 1 of 1
State (Maryland) 1 of 1
Country (United States) 3 of 10
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-28 Discount Auto Parts

Lakeland,, Florida, United States

Discount Auto Parts, LLC operates as a specialty retailer and supplier of automotive replacement parts, maintenance items and accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-26 Lappen Auto Parts Division

United States

Lappen Auto Parts Division, engages in the 19 auto parts stores in the greater Boston, MA.

Buy -
Mergr

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