Advance To Celebrate GPI Acquisition Ringing The NYSE Closing Bell On Jan. 9

Advance To Celebrate GPI Acquisition Ringing The NYSE Closing Bell On Jan. 9

Members of Advance Auto Parts’ leadership team and senior leaders from GPI will join CEO Darren Jackson on the podium for the bell-ringing.

 

NEW YORK – Advance Auto Parts, led by CEO Darren Jackson, will visit the New York Stock Exchange and ring The Closing Bell to celebrate the completion of the acquisition of General Parts International Inc. (GPI). Members of Advance Auto Parts’ leadership team and senior leaders from GPI will join Jackson on the podium for the bell-ringing.

Prior to the acquisition, GPI was a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands. Following the deal, Advance Auto Parts is now the largest automotive aftermarket parts provider in North America, with annual sales of more than $9.3 billion, approximately 5,300 company-operated stores, more than 100 WORLDPAC locations, approximately 1,400 independently owned stores, and more than 70,000 team members across the U.S. and Canada.

424278786e6c4c64496f3441445a3932

You May Also Like

Lafayette Warehouse Joins Auto-Wares

Mike Brown will lead Lafayette Warehouse as general manager.

Lafayette Warehouse has joined forces with Auto-Wares Group of Companies.

Like Auto-Wares, Lafayette Warehouse, Inc. (LWI) is built on long-lasting relationships with customers, employees and suppliers that have grown their businesses.

Mike Brown will lead Lafayette Warehouse as general manager. Pat James and the current location managers will continue to lead the Lafayette Warehouse location teams going into the future.

Advance Reports 2022 Sales of $11.2 Billion

Fourth-quarter net sales increased 3.2% to $2.5 billion, while comparable-store sales were up 2.1%.

Advance Named Sponsor of Checkered Flag for NTT IndyCar

Advance and IndyCar also will team up on a unique content series viewable on the NTT IndyCar Series social media platforms.

Genuine Parts Co. Reports Record 2022 Sales

Full-year net sales for the Global Automotive Parts group were $13.7 billion, up from $12.5 billion in 2021.

Magna Expanding Operations in Ontario

The growth includes a new facility in Brampton to support the Ford F-150 Lightning and future OEM programs.

Other Posts

Carquest’s Sanjay Patel: ‘Our Owners Are Resilient’

Patel is president of Carquest.

Auto Care Needs Sustainability Committee Members

The deadline to apply is Wednesday, March 16.

O’Reilly Reports Record 2022, Q4 Revenue

Comparable-store sales were up 6.4% for the full year.

Florida Republican Introduces Federal Right to Repair Bill

Aftermarket trade groups applauded the legislation.