M&A Deal Summary

Genuine Parts Acquires Motion Industries

On January 1, 1976, Genuine Parts Co. acquired distribution company Motion Industries, Inc.

Acquisition Highlights
  • This is Genuine Parts’ 2nd transaction in the Distribution sector.
  • This is Genuine Parts’ 3rd transaction in the United States.
  • This is Genuine Parts’ 1st transaction in Alabama.

M&A Deal Summary

Date 1976-01-01
Target Motion Industries, Inc.
Sector Distribution
Buyer(s) Genuine Parts Co.
Deal Type Add-on Acquisition

Target

Motion Industries, Inc.

Birmingham, Alabama, United States
website
Motion Industries' corporate headquarters in Birmingham, Alabama.
Motion Industries' corporate headquarters in Birmingham, Alabama.
Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has over 550 operations including 15 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries. Motion Industries was formed in 1946 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Genuine Parts Co.

Atlanta, Georgia, United States

website


Category Company
Founded 1928
SectorAutomotive
Employees50,000
Revenue 16.5B USD (2020)
DESCRIPTION
Genuine Parts' corporate headquarters in Atlanta, Georgia.
Genuine Parts' corporate headquarters in Atlanta, Georgia.

Genuine Parts is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Company products and services are offered through a network of over 2,000 operations, geographically located across the United States, Canada and Mexico. Genuine Parts was founded in 1928 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 17
Sector (Distribution) 2 of 10
Type (Add-on Acquisition) 3 of 15
State (Alabama) 1 of 1
Country (United States) 3 of 12
Year (1976) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1969-01-01 Beck & Gregg Hardware Co.,

Atlanta, Georgia, United States

Beck & Gregg Hardware company a 103-year-old distributor of home appliances, building goods, and sports products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1985-01-01 Beck & Gregg Hardware Co.,

Atlanta, Georgia, United States

Beck & Gregg Hardware company a 103-year-old distributor of home appliances, building goods, and sports products.

Sell -