Business
Parts Authority Adds 5 New Locations
The parts distributor expands to New England and Utah with its latest acquisitions.
Read More
The parts distributor expands to New England and Utah with its latest acquisitions.
Greco talked about some of the tailwinds that can keep driving the auto parts sector.
The partnership provides small to midsize sellers an affordable solution to grow their channel sales business and increase profits, according to Vertical Development Inc.
LSI Chemical products soon will be introduced for a variety of industries and markets, the company noted.
The IPO “will enable GSP to integrate optimized manufacturing, world-class product innovation and the capital market,” the company added in a news release.
The two companies announced plans to merge in May, and finalized the deal Aug. 14.
The transaction includes two Pep Boys Parts retail-store locations in Seattle, and excludes Pep Boys automotive service centers.
Comparable-store sales jumped 7.5% on a year-over-year basis.
With the transaction, B’laster nearly doubles its revenue, according to the company.
The company recently filed for bankruptcy with the U.S. Bankruptcy Court for the District of Delaware.
