O’Reilly Automotive announced it has entered into a definitive stock-purchase agreement with the shareholders of Mayoreo de Autopartes y Aceites, headquartered in Guadalajara, Jalisco, Mexico.
Under the agreement, O’Reilly will acquire all of the outstanding shares of Mayasa and affiliated entities. The stock purchase is expected to be completed in the fourth quarter of this year.
Mayasa operates five distribution centers that support 20 company-owned stores and more than 2,000 independent jobber locations throughout Mexico.
“From their beginning over 65 years ago, Mayasa has built a very successful business by focusing on the same fundamental culture values of hard work and excellent customer service that have also been key to O’Reilly’s success,” O’Reilly CEO and Co-President Greg Johnson said. “Mayasa’s seasoned management team will continue to operate the business and, partnering with O’Reilly’s experienced leadership, will continue to grow the successful and profitable organization they have established. We are very happy to welcome the over 1,100 Mayasa team members to the O’Reilly family, and we look forward to working together as we build upon Mayasa’s strong and rich history in the Mexican automotive aftermarket.”