8/17/2023 0 Comments Tire plug kit advance auto partsTo promote the acquisition and availability of the brand at Advance and Carquest, the company hired Die Hard actor Bruce Willis to be part of a promotional film that was released during the 2020 holiday season. On December 23, 2019, Advance Auto Parts announced its purchase of the DieHard battery brand from Sears in a $200 million, all-cash deal. The state of North Carolina and Advance Auto Parts agreed on a $12 million incentive package, including tax breaks, for this relocation. In November 2018, Advance Auto Parts announced the relocation of its headquarters from Roanoke, Virginia to Raleigh, North Carolina. Īdvance and Walmart announced a partnership in October of that year that created an automotive specialty store on. On April 4, 2016, Advance announced Frito-Lay North America CEO Tom Greco would succeed Jackson as CEO.Īdvance stock declined throughout 20, but in 2018 Advance was the #4 top performing stock of the S&P 500 outperforming the aftermarket automotive parts industry by more than 30 percent. On January 2, 2016, Darren Jackson resigned his position as CEO. On September 30, 2015, Starboard Value LP, an activist investment firm disclosed they had taken a 3.7 percent stake in Advance Auto Parts. GPI, headquartered in Raleigh, North Carolina, has seen a significant rise in personnel since being acquired by Advance. The deal created the largest automotive aftermarket parts provider in North America. (GPI), a privately held distributor and supplier of equipment and aftermarket replacement products for commercial markets operating under the Carquest and WorldPac brands on October 16, 2013. The responsibility for 92 independently owned location that were service by BWP were transferred to General Parts, Inc., the largest Carquest franchise along with one distribution center for servicing those locations.Īdvance Auto Parts entered into a definitive agreement to acquire General Parts International, Inc. In December 2012, Advance Auto Parts acquired BWP Distributors-a Carquest franchise for the New England region-that included the transfer of 124 company owned retail locations plus 2 distribution centers. In July 2002, Advance Auto Parts received bankruptcy court approval to acquire 57 Trak Auto stores in northern Virginia, Washington, DC, and eastern Maryland. Interior of an Advance Auto Parts store in Fairfax County, Virginia The year ended with 2,484 stores in 38 states. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. On November 28, Advance acquired Discount Auto Parts, Inc., a regional auto parts chain with 671 stores in Florida, Alabama, Georgia, South Carolina, and Louisiana. Then, in April 2001, Advance Auto Parts acquired Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Mississippi. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. 1,412 on the Forbes "World's Biggest Public Companies" list. As of July 2018, the corporation was ranked at No. In January 2005, Advance was named the “Best Managed Company in America” in the retail sector by Forbes magazine. Advance premiered on the Fortune 500 list of companies in 2003 at No. In April 1932, Arthur Taubman purchased the Advance Stores from Pep Boys, with two stores in Roanoke, Virginia, and one in Lynchburg, Virginia. History Ģ006-2010 Chevrolet HHR used as the fleet vehicle of the company Advance Auto Parts shares are mainly held by institutional investors such as The Vanguard Group, BlackRock, State Street Corporation, and others. The company retails various brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks. The company also serves 1,250 independently owned Carquest-branded stores in the U.S., Mexico, The Bahamas, Turks and Caicos, and British Virgin Islands. As of 2019, Advance operated 4,912 stores and 150 Worldpac branches in the United States and Canada. Headquartered in Raleigh, North Carolina, it serves both professional installer and do it yourself (DIY) customers. is an American automotive aftermarket parts provider.
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