Business
Auto-Wares To Acquire Select Parts Stores In Michigan
Under the terms of the agreement, Auto-Wares will acquire four retail parts-store locations and associated inventory in the Metro Detroit and Kalamazoo markets.
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Under the terms of the agreement, Auto-Wares will acquire four retail parts-store locations and associated inventory in the Metro Detroit and Kalamazoo markets.
The acquisition expands TPH's location count in the Southeast market to 74 throughout Florida, Georgia, Puerto Rico and Alabama.
“As separate companies, parts and service will be best-positioned to focus on unique strategies, customers and business opportunities,” Icahn Automotive said in a news release.
Mayasa operates five distribution centers that support 20 company-owned stores and more than 2,000 independent jobber locations throughout Mexico.
FleetPride has opened new locations in the Deer Valley area of Phoenix and in La Porte, Texas, just southeast of Houston.
Romeo Motor Parts has joined Auto-Wares to expand inventory and programs to service customers in Washington, Michigan and the surrounding areas.
This is the first acquisition completed to the Fenix Parts platform since the company was acquired by affiliates of Stellex Capital Management LP in April 2018.
Anderson Auto Parts has served the Grand Island area for 33 years under the ownership of KKES, providing diesel and electrical repair services and automotive parts sales.
Cox Truck and Van, founded in 1977, operates a full-service auto recycling facility in Gainesville, Georgia, and full-service and self-service facilities in Moultrie, Georgia.
For nearly 39 years, Transmission Digest has served as a primary resource for shops seeking the parts, services and supplies necessary to run a successful transmission/powertrain business.
