Advance Auto Parts is an American retailer of automotive parts and accessories headquartered in Raleigh, North Carolina. As of October 2015, Advance Auto Parts operated 5,061 stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The company also serves more than 1,300 independently owned Carquest branded stores across the United States, Puerto Rico, and the U.
Founded in 1932 by Richard S. Johnson and Arthur Taubman as Advance Stores Co., Inc., the company grew rapidly through a series of acquisitions during the 1980s to become one of the largest auto parts retailers in North America by the early 1990s.
In October 2013, Advance Auto Parts acquired General Parts International, Inc., a leading distributor and marketer of original equipment and aftermarket automotive replacement parts and accessories in North America, for $2 billion in cash.
Today, Advance Auto Parts is a leading automotive aftermarket retailer of quality replacement parts, batteries, brakes, engine parts, transmissions and more. With over 5,000 stores across the United States, Puerto Rico and the U. Virgin Islands, Advance Auto Parts is one of the largest retailers of automotive parts and accessories in North America.
What is Advance Auto Parts net worth?
According to Forbes magazine, Advance Auto Parts net worth is $8.7 billion as of July 2019.
