M&A Deal Summary

AutoZone Acquires Auto Palace

On January 1, 1998, AutoZone acquired retailer Auto Palace from TA Associates

Acquisition Highlights
  • This is AutoZone’s 1st transaction in the Retail sector.
  • This is AutoZone’s 2nd transaction in the United States.
  • This is AutoZone’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 1998-01-01
Target Auto Palace
Sector Retail
Buyer(s) AutoZone
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Auto Palace

Pittsburgh, Pennsylvania, United States
Auto Palace sells auto parts and accessories through company-owned stores located throughout the New England region.

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Buyer(S) 1

Buyer

AutoZone

Memphis, Tennessee, United States

Category Company
Founded 1979
Sector Retail
Employees71,400
Revenue 17.5B USD (2023)
DESCRIPTION
AutoZone's corporate headquarters in Memphis, Tennessee.
AutoZone's corporate headquarters in Memphis, Tennessee.

AutoZone is a retailer and distributor of automotive replacement parts and accessories in the U.S.The company sell auto and light truck parts, chemicals and accessories through AutoZone stores in 49 U.S. states plus the District of Columbia, Puerto Rico, Mexico and Brazil. AutoZone was incorporated in 1979 and is headquartered in Memphis, Tennessee.


DEAL STATS #
Overall 2 of 4
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 4
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-07 Alldata

Elk Grove, California, United States

ALLDATA is the leading provider of OEM service and repair information to the professional automotive service and collision industries. Trusted worldwide by over 300,000 technicians in 80,000 shops, ALLDATA provides repair and collision shops a suite of products to increase shops’ traffic, improve processes and repair quality.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-04 AutoAnything

San Diego, California, United States

AutoAnything is an online retailer of specialized automotive products. AutoAnything provides top quality products from trusted name brands. AutoAnything custom and universal products are designed to provide protection, comfort, safety, style and enhanced performance for all cars, trucks, SUVs and vans. AutoAnything was founded in 1979 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 38 of 255
Sector (Retail) 1 of 6
Type (Add-on Acquisition) 17 of 130
State (Pennsylvania) 4 of 14
Country (United States) 36 of 206
Year (1998) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Bachtel Cellular Liquidity

Philadelphia, Pennsylvania, United States

Bachtel Cellular Liquidity was a limited partnership that was formed to acquire and operate cellular telephone properties in Southeastern and Midwestern rural service areas (RSAs).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-02 NetEdge Systems

West Chester, Pennsylvania, United States

NetEdge Systems produces ATM network access routers.

Sell $35M