National Auto Parts Warehouse (NPW) and Icahn Automotive Group announced that they have completed NPW’s acquisition of substantially all Auto Plus assets in Washington state and Oregon.
The transaction includes two Pep Boys Parts retail-store locations in Seattle, and excludes Pep Boys automotive service centers.
National Auto Parts Warehouse will convert and rebrand the acquired Auto Plus and Pep Boys Parts retail locations as Auto Value parts stores, the companies noted in a press release.
Icahn Automotive will continue to own and operate all of its service centers under the Pep Boys brand in Washington state and Oregon and focus on serving the growing demands of DIFM customers and rapidly growing fleets.
“This is a great opportunity to grow our parts business and increase our overall service levels in the Pacific Northwest,” said Larry Pacey, president and CEO of National Auto Parts Warehouse. “We have plenty of capacity in our Hillsboro, Oregon, distribution center and we are ready to extend our customer-first approach to these new locations and their customers. We welcome the new employees and customers to the NPW family.”
“National Auto Parts Warehouse is an excellent parts supplier with a strong reputation in the region and nationwide, and this transaction will strengthen both organizations, while enabling us to focus on our store footprint in core growth markets,” said Chris Cox, chief executive officer – Parts, Icahn Automotive Group. “I am pleased that our employees will benefit from being part of a great family-owned organization and our customers will continue to have access to premium brands and receive world-class service from a Company with a proven track record of providing fast, reliable service and forging true partnerships.”
Family-owned National Auto Parts Warehouse is a Miami-based warehouse distributor of aftermarket traditional parts, performance parts, truck parts, paint and accessories for all makes and models, with a presence spanning 11 states and Canada.
