Advance Auto Parts is one of the largest auto parts retailers in the United States. The company operates over 5,000 stores in 40 states and employs over 74,000 people.
In 2014, Advance Auto Parts acquired Carquest, another large auto parts retailer, for $2.04 billion.
The acquisition of Carquest helped Advance Auto Parts become even larger and more competitive in the auto parts retail industry. The company paid a total of $2.04 billion for Carquest, which was a very good deal considering Carquest’s large size and impressive store network. With the addition of Carquest’s stores and employees, Advance Auto Parts is now even better positioned to serve its customers and grow its business.