GENUINE PARTS CO (GPC): M&A transaction — Genuine Parts acquires largest independent NAPA owner with 181 stores in Midwest

GENUINE PARTS CO

Acquired Motor Parts & Equipment Corp. (MPEC), founded 1938, based in Rockford, IL.
MPEC operates 181 NAPA Auto Parts stores across Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin.
Acquisition aligns with GPC strategy to own more NAPA stores in priority markets.
No financial terms of the deal were disclosed in the press release.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GENUINE PARTS CO completed an acquisition involving Motor Parts & Equipment Corporation (MPEC) (closed 2024-04-30).

Action: acquisition
Counterparty: Motor Parts & Equipment Corporation (MPEC)
Closing: 2024-04-30

Exact text from the filing

Effective April 30, 2024, the company acquired Motor Parts & Equipment Corporation (MPEC).

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Source: SEC EDGAR

accession 0000040987-24-000072

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