Advance Auto Parts is an automotive aftermarket parts provider in the United States. Headquartered in Raleigh, North Carolina, the company serves both professional installer and do-it-yourself customers.
As of October 2015, Advance Auto operated over 5,200 stores and 140 Worldpac branches in the United States, Puerto Rico, and the Virgin Islands. The company also operates e-commerce sites under the brands AdvanceAutoParts.com, Carquest.com, Worldpac.com.
The company was founded in 1932 by Richard E. Jacobs and Arthur Taubman as Advance Stores, Incorporated. The name was changed to Advance Auto Parts in 1957.
Advance Auto Parts went public in October 2001 and is traded on the New York Stock Exchange under the ticker symbol AAP.
In 2013, Advance acquired GeneralParts International, Inc., a leading distributor of automotive replacement parts and accessories, for $2 billion in cash.
Who bought Advance Auto Parts?
Advance Auto Parts was founded in 1932 by Richard E. Jacobs and Arthur Taubman. The company went public in October 2001 and is traded on the New York Stock Exchange under the ticker symbol AAP. In 2013, Advance acquired GeneralParts International, Inc.
