Genuine Parts Company Announces Acquisition Of Merle's Automotive Supply
Thursday, April 20th, 2017
Genuine Parts Company announced an acquisition for its U.S. Automotive Parts Group.
The Company has entered into a definitive agreement to acquire Merle's Automotive Supply (Merle's), with an effective close date of May 1, 2017. Merle's, founded in 1969 and based in Tucson, Arizona, is a 14 location automotive parts distributor serving both the commercial and retail markets in the greater Tucson and southern Arizona area. The addition of Merle's will consolidate into our U.S. automotive operations and is expected to generate approximate annual revenues of $45 million.
Paul Donahue, President and Chief Executive Officer, stated, "Merle's is a leading automotive distributor in the greater Tucson area, and this strategic acquisition significantly enhances our automotive store footprint and competitiveness in the Arizona marketplace. We are excited to welcome the Merle's team to the U.S. Automotive Parts and GPC family and look forward to working with them and continuing our shared tradition of providing quality parts and excellent service to our customers."