M&A Deal Summary

Genuine Parts Acquires Axis New England

On February 13, 2019, Genuine Parts acquired machinery company Axis New England

Acquisition Highlights
  • This is Genuine Parts’ 1st transaction in the Machinery sector.
  • This is Genuine Parts’ 12th transaction in the United States.
  • This is Genuine Parts’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-02-13
Target Axis New England
Sector Machinery
Buyer(s) Genuine Parts
Deal Type Add-on Acquisition

Target

Axis New England

Danvers, Massachusetts, United States
Axis New England is an automation and robotics company with expertise in advanced machine automation. Additionally, the company sells related component parts and systems as well as engineered systems, primarily serving the northeast U.S. from its Danvers facility and a second location in Rochester, New York (Axis New York). Axis New England, founded in 1994 and based in Danvers, Massachusetts.

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Buyer(S) 1

Buyer

Genuine Parts

Atlanta, Georgia, United States
Category Company
Founded 1928
Sector Automotive
Employees60,000
Revenue 23.1B USD (2023)
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 17 of 20
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 15 of 18
State (Massachusetts) 1 of 1
Country (United States) 12 of 13
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 Hastings Auto Parts

Warren, Michigan, United States

Hastings Auto Parts, Inc. is a provider of automotive components and systems. Hastings Auto Parts, Inc. was founded in 1955 and is based in Warren, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 EIS

Atlanta, Georgia, United States

EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. It provides more than 100,000 products from 38 branches and four fabrication facilities to more than 20,000 customers across North America. EIS was founded in 1946 and is based in Atlanta, Georgia.

Sell -
Mergr

Product

Company

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