How much did Carquest sell for?
Advance Auto Parts Inc. will become the largest auto-parts retailer in North America with a $2.04 billion cash deal to buy Carquest Auto Parts chain parent company General Parts International Inc.
Who bought Carquest?
Advance Auto Parts
Advance Auto Parts will buy 1,418 outlets of the Carquest chain to boost its auto repair operations to complement its car parts business, sending its shares up as much as 20% to a record high.
Does Napa own Carquest?
MEDINA – Friday was the last day for the NAPA store on North Main Street in Medina, after corporate Genuine Parts Company based in Atlanta took it over. They also acquired CarQuest and moved operations there in Tops Plaza.
How much did advance pay for Carquest?
On October 16, 2013 it was announced that CARQUEST will be acquired by Advance Auto Parts, Inc in an all-cash transaction estimated at $2.04 billion dollars. The deal was finalized on January 3, 2014.
Are Carquest and AutoZone the same?
General Parts owned 1,246 company stores that operated under the Carquest brand. AutoZone has 5,210 stores, 72,000 employees and $9.25 billion in annual revenue. Though that doesn’t mean much for AutoZone in the short term, down the road it may have to contend with a competitor that is its equal in capital and size.
When did Advance Auto buy Carquest?
Jan. 6, 2014
Advance Auto completes Carquest purchase (Jan. 6, 2014) — Advance Auto Parts Inc. has completed its acquisition of General Parts International Inc. (GPII), a distributor and supplier of OE and aftermarket replacement products under the Carquest and Worldpac brands.
Is Advance Auto Parts the same as Carquest?
Advance Auto Parts has announced Carquest by Advance as a new retail concept under Advance’s portfolio of brands. The store model targets the emerging automotive DIY channel and is designed specifically for independent owners who receive additional operations and merchandising DIY support from Advance.
Who bought out NAPA?
NAPA Auto Parts
| Type | Retailers’ cooperative Subsidiary |
|---|---|
| Key people | Paul Donahue (CEO) |
| Products | Replacement automotive parts and accessories |
| Parent | Genuine Parts Company |
| Website | www.napaonline.com |
Who bought out Napa?
What happened to Carquest Auto Parts?
On October 16, 2013 it was announced that CARQUEST will be acquired by Advance Auto Parts, Inc in an all-cash transaction estimated at $2.04 billion dollars. The deal was finalized on January 3, 2014. Carquest members now include Advance Auto Parts, Automotive Warehouse of Hawaii, CAP Warehouse of Nevada, and Muffler Warehouse of Idaho .
Does Carquest own WORLDPAC?
It also owns Worldpac, the supplier of replacement parts for imported car and truck brands. Carquest and Worldpac had sales of $2.9 billion in the last 12 months.
What is the difference between Carquest and general parts?
According to a 1994 Bangor Daily News article, “CARQUEST is made up of 14 distributing companies operating 64 CARQUEST Auto Parts Stores throughout the United States” at that time. General Parts was the largest member with General Parts owning 1,400 out of CarQuest’s 3,400 auto parts stores across North America by 2011.
What is the relationship between Hendrick Motorsports and CARQUEST Auto Parts?
CarQuest Auto Parts joined Hendrick Motorsports in 2002 as an associate sponsor of Chevrolets driven by Ricky Hendrick in the NASCAR Busch Series. The relationship carried over to the following season, resulting in a NASCAR Busch Series championship with driver Brian Vickers, and has since transitioned into the NASCAR Sprint Cup Series.