Advance Auto Parts, Inc. is an American automotive aftermarket parts retailer, headquartered in Raleigh, North Carolina. It is the largest retailer of automotive parts and accessories in the United States by sales.
As of 2019, Advance Auto Parts operates over 5,200 stores across the United States.
On October 5, 2018, Advance Auto Parts completed its acquisition of General Parts International, Inc. (“GPI”), a leading distributor and supplier of original equipment and aftermarket automotive replacement parts and services in North America. The acquisition of GPI significantly expands Advance Auto Parts’ commercial business.
In May 2013, Advance Auto Parts bought out Carquest from Ackman-Ziff Real Estate Group for $2 billion. The deal included 1,246 stores in the United States, Puerto Rico and Canada.
Who did Advance Auto Parts buyout?
Advance Auto Parts has bought out several companies over the years, most notably Carquest in 2013 and General Parts International in 2018.