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U.S. Auto Parts Completes Acquisition of the Whitney Automotive Group


10/20/2010

U.S. Auto Parts completed its acquisition of the Whitney Automotive Group. The online parts retailer purchased the business for $27.5 million.
 
CARSON, Calif. — U.S. Auto Parts completed its acquisition of the Whitney Automotive Group. The online parts retailer purchased the business for $27.5 million, along with the assumption of approximately $11 million in trade-related and other payables. Whitney Automotive Group is expected to have $110 million to $120 million in revenues under U.S. Auto Parts’ ownership in 2011. Silicon Valley Bank has provided the company with acquisition financing totaling $35 million.

The Whitney Automotive Group, a 95-year-old company best known for the JC Whitney brand, is part of a group of established brands that distribute aftermarket automotive parts primarily focused on the “Do It Yourself” customer in the automotive accessories aftermarket. Its brand portfolio includes Stylintrucks.com, Carparts.com and Allbikesupershop.com, which, along with JCWhitney.com, generate approximately 3 million monthly unique visitors.














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