O’Reilly Auto Parts (“O’Reilly”) and Bond Auto Parts Inc. (“Bond Auto”) announced that they have entered into a definitive agreement under which O’Reilly will purchase substantially all of the assets of Bond Auto.

“The history of Bond Auto is very similar to that of O’Reilly. My grandfather, F. Earl Bond, began Bond Auto Parts as a one-store operation in 1956 and has remained a family owned and operated company for the last 60 years,” said Craig Bond. “Both Bond and O’Reilly were members of the Aftermarket Auto Parts Alliance buying group for many years and formed a strong working relationship that has lasted through to today.  Throughout the years Bond has emulated O’Reilly and today’s announcement brings these two great companies together.”

The transaction is expected to close by the end of this year.