M&A Deal Summary

Genuine Parts Acquires Covs Parts Pty

On July 17, 2015, Genuine Parts acquired distribution company Covs Parts Pty from Automotive Holdings Group

Acquisition Highlights
  • This is Genuine Parts’ 7th transaction in the Distribution sector.
  • This is Genuine Parts’ 2nd transaction in Australia.

M&A Deal Summary

Date 2015-07-17
Target Covs Parts Pty
Sector Distribution
Buyer(s) Genuine Parts
Sellers(s) Automotive Holdings Group
Deal Type Divestiture

Target

Covs Parts Pty

Welshpool, Australia
Covs Parts Pty Ltd. is a distributor of original equipment and aftermarket automotive parts, mining and industrial consumables and truck products.

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Buyer(S) 1

Buyer

Genuine Parts

Atlanta, Georgia, United States

Category Company
Founded 1928
Sector Automotive
Employees63,000
Revenue 23.5B USD (2024)
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 11 of 20
Sector: Distribution M&A 7 of 10
Type: Divestiture M&A Deals 1 of 2
Country: Australia M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Exego Group Pty

Mulgrave, Australia

Exego Group is Australasia's leading provider of automotive aftermarket parts and accessories, servicing both trade and retail customers through a network of 435 stores across Australia and New Zealand. The Company operates through 4 divisions: Repco Australia/Repco NZ (aftermarket resellers); Ashdown Ingram (specialist supplier of auto electrical & thermal products); McLeod Accessories (motorcycle accessories) and Motospecs (specialty products).

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Rochester Midland - Janitorial and Sanitation Business

Rochester, New York, United States

Rochester Midland Corp. - Janitorial and Sanitation Business is a distributor of janitorial and sanitation accessories.

Buy -

Seller(S) 1

SELLER

Automotive Holdings Group

West Perth, Australia

Category Company
Founded 1952
Sector Automotive
Revenue 5.6B AUD (2016)
DESCRIPTION

Formed in 1952, Automotive Holdings Group is a provider of automotive retail and logistics services based in West Perth, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-19 The Bradstreet Motor Group

Newcastle, Australia

The Bradstreet Motor Group is a dealer for automobiles.

Buy -