Add-on Acquisition • Retail

Genuine Parts Acquires Motor Parts & Equipment

On May 1, 2024, Genuine Parts acquired retailer Motor Parts & Equipment

Acquisition Context
  • This is Genuine Parts’ 2nd transaction in the Retail sector.
  • This is Genuine Parts’ 13th transaction in the United States.
  • This is Genuine Parts’ 1st transaction in Illinois.

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M&A Deal Summary

Date May 1, 2024
Target Motor Parts & Equipment
Sector Retail
Buyer(s) Genuine Parts
Deal Type Add-on Acquisition

Target Company

Motor Parts & Equipment

Rockford, Illinois, United States
Motor Parts & Equipment is an independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin. Motor Parts & Equipment was founded in 1938 and is based in Rockford, Illinois.
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Buyer Overview 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 Context for Buyer #
Overall 20 of 20
Sector: Retail 2 of 2
Type: Add-on Acquisition 18 of 18
State: Illinois 1 of 1
Country: United States 13 of 13
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Recambios Gaudi

Barcelona, Spain

Recambios Gaudi is an independent players in Spain with 22 stores operating mainly in the Catalonia and Madrid regions. Recambios Gaudi was founded in 1989 and is based in Barcelona, Spain.

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