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Bennett Auto Supply Acquired By O’Reilly

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

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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.”

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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.

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