Fisher Auto Parts Acquires 10 New Locations As Part Of Ambitious Company Growth Strategy

Fisher Auto Parts Acquires 10 New Locations As Part Of Ambitious Company Growth Strategy

Hoffman Brothers has served northern Indiana, southern Michigan and surrounding counties since 1929 and is managed by Butch Walsh.

 

Herb Godschalk, co-president of Fisher Auto Parts, announced the acquisition of 10 Hoffman Brothers company stores and a warehouse based in South Bend, Indiana. Hoffman Brothers has served northern Indiana, southern Michigan and surrounding counties since 1929 and is managed by Butch Walsh.

“Once the decision was made to sell the business, we started searching for potential suitors and quickly learned that Fisher Auto Parts was the best choice for our company,” said Walsh. “Fisher’s commitment to the professional installer with expanded availability of quality parts, excellent delivery service and FEDLINK (B2B ordering system) gives the capable Hoffman team additional tools to enhance customer service in this very competitive market.”

Commenting on future growth of Fisher Auto Parts, Godschalk said, “We believe in the adage that no matter what our lot in life, we should build something on it. While there are much larger competitors, due to the highly capable team that we are honored to work with, we can be proud of our past results as we strive for future annual growth of at least 20 percent. We have significantly increased store inventories and experienced many consecutive years of growth.

“Future growth provides greater efficiencies and tremendous opportunity. We are prudently positioned for continued growth within existing locations and plan on adding over 50 stores through geographically contiguous acquisitions or new greenfield locations within two years. To help facilitate this expansion, we have invested heavily in increased distribution center space, automation and efficiencies, thereby significantly reducing distribution center expenses by over five percent of sales during the past decade.

 

“We are especially grateful to all of our channel partners including customers, suppliers, APSG associates and, in particular, team members for their unwavering dedication to outstanding customer service. We sincerely appreciate everyone helping the company surpass our past goals while remaining a financially conservative, privately-owned family business.”

The founding member of Federated Auto Parts Distributors, Fisher Auto Parts is a member of the Automotive Parts Services Group (APSG) and now has nearly 500 company-owned locations plus over 110 independent jobbers in 18 states. The company continues a steady growth strategy by more than quadrupling in size over the last decade through a combination of same store sales, new stores and acquisitions. Founded in 1929 by Blair Coiner, Fisher Auto Parts currently has approximately 5,300 employees.

 

You May Also Like

HDA Truck Pride Recaps 2024 Annual Meeting

The HDA Truck Pride community celebrated a successful year, adding more than 130 new North American locations.

The HDA Truck Pride community recently united in Grapevine, TX, for its Annual Meeting to celebrate a successful year, marked by substantial member expansion and engagement with the addition of over 130 new locations across North America. It also served as a platform for collaboration and fostering positive change for the rest of the year ahead, according to HDA Truck Pride.

GPC Acquires Largest US NAPA Independent Store Owner

MPEC, founded in 1938 and based in Rockford, Illinois, has 181 locations across the Midwest.

Schaeffler Group USA Expands Product Portfolio

Seventy new parts have been added to the INA, LuK and Schaeffler Bearings portfolios in the first quarter of 2024.

ACC Provides Sneak Peek into Conference Speakers

Industry leaders will share their knowledge on trends, strategies and innovations in automotive communications.

Registration for AAPEX 2024 Now Open

AAPEX 2024 will combine demos and training; business education sessions; and in-person networking.

Other Posts

HDA Truck Pride Raises $35,000 for Kids Matter International

Organization provides essential resources and educational opportunities to children in Grapevine, TX.

Genuine Parts Company Announces CEO Leadership Transition

Paul D. Donahue will become executive chairman, while William P. Stengel, II will succeed Donahue as president and CEO.

2024 to be a ‘Year Of Action’ for ASE, Says Chairman

New ASE Chairman Tom Trisdale says the challenges of repairing vehicles and the pressures facing technicians have never been greater.

The Impact of Trade and Tariffs on the Aftermarket

Numerous components make up “landed costs,” but duties, taxes and tariffs can often be a detriment to global trade.