Bennett Auto Supply Acquisition

Bennett Auto Supply Acquired By O’Reilly

Pompano Beach, Florida-based Bennett Auto Supply operates 60 stores in the Sunshine State.

O’Reilly Automotive has entered into a definitive agreement to purchase substantially all of the auto parts-related assets of Bennett Auto Supply.

The asset purchase is expected to be completed by the end of this year.

Pompano Beach, Florida-based Bennett Auto Supply celebrated 60 years in business in 2017. The family-owned business operates 33 stores in Florida, and O’Reilly currently has 193 stores in the state.

In 2015, Bennett made a move to take on national competitors with a revamped brand position and creative campaign, along with launching a robust e-commerce website, offering more than 50,000 parts.

Terms of the deal have not been disclosed. However, O’Reilly CEO and Co-President Greg Johnson welcomed Bennett team members to the company.

“We are very excited to announce we have entered into a definitive agreement to purchase substantially all of the assets of Bennett Auto Supply, a highly respected, privately held automotive parts supplier operating 33 stores in southern Florida,” said Johnson. “Over the past 61 years, the Bennett family has built a very successful business based on a culture of providing excellent customer service and is a premier parts supplier in their markets. I would like to welcome the Bennett team members to O’Reilly, and we look forward to the opportunities we will have together as we continue our profitable growth in Florida.”

In other O’Reilly news, the company announced that its board of directors approved a resolution to increase the authorization amount under its share-repurchase program by $1 billion, raising the aggregate authorization under the program to $11.75 billion. The additional $1 billion authorization is effective for a three-year period, beginning on Nov. 13.

You May Also Like

AutoPartSource/Momentum USA Receives O’Reilly’s Sales & Service Award

This is the second year in a row that O’Reilly has honored AutoPartSource/Momentum USA with the award.

Momentum USA OReilly

AutoPartSource/Momentum USA received the Sales & Service Award at the O’Reilly Auto Parts 2024 Leadership Conference in Dallas.  

This is the second year in a row that O’Reilly has honored AutoPartSource/Momentum USA with the award.

On hand to accept the award for AutoPartSource were: John Amalfe, ownership; Dave Gonzales, senior VP sales & marketing; Jacob Eveland, marketing manager; Christina Youngblood, sales; and Dave Nickerson, NA Williams; and the sales & support team. 

SEG Automotive Expands Coverage to Independent Aftermarket

SEG’s aftermarket portfolio of starters and alternators is reaching 1,300 SKUs.

AirSept Announces Distribution Partnership with Transtar

With the partnership, Transtar will stock AirSept’s products for the mobile air-climate market.

BendPak Opens New Distribution Center on Alabama Campus

The expansion has enabled the company to dramatically increase its inventory capacity and call-center staffing.

5 Tracks Vie for $50K in ‘Advance My Track Challenge’

Final round of voting took place May 9-15; track receiving most votes wins grand prize.

Other Posts

Kalitta Motorsports, Dayco Announce Partnership, Distributor Agreement

Dayco will have branding on J.R. Todd’s DHL GR Supra funny car, and Kalitta is the exclusive at-track distributor of Dayco 11-mm racing blower belts for nitro engines.

Dayco Kalitta
Auto-Wares Recognizes Six Companies with Supplier Awards

DRiV received the 2023 Supplier of the Year Award.

DRiV Auto Wares
NPW Adds Automotive Installers Warehouse to its Network

AIW has been an NPW customer since 2013.