Parts Authority is a leading national distributor of automotive replacement parts. Founded in 1982, it currently operates 150 locations nationwide. Parts Authority also provides gaskets and truck parts for national accounts. In addition to offering truck and auto parts, the company also sells automotive parts through an e-commerce channel. Parts Authority has a broad product line that includes everything from tires to brakes and engine parts. If you need to buy a replacement part for your car, you can trust Parts Authority to get it right the first time.
Distributor of Automotive Replacement Parts
The company is based in New Hyde Park, New York, and was honored at the Automotive Parts Services Group conference in Texas with the Pronto Network Partnership Award. Founded in 1973, Parts Authority has continued to grow through organic initiatives and acquisitions. Its catalog includes over 3 million parts. Parts Authority’s diversified product portfolio provides auto repair shops with a wide selection of auto parts and accessories.
The company has grown rapidly since its founding in 1972. It has over 200 locations nationwide and distributes nearly 500,000 SKUs. Parts Authority serves the do-it-yourself, commercial, fleet, and national accounts industries, as well as independent installers and e-tailers. The company is led by Randy Buller and has grown through both organic initiatives and acquisitions. It has a strong brand reputation, providing customers with high-quality products and services.
Helped Many Other Industries
It has a long history of supporting the automotive industry. CAWA is a non-profit trade association that represents automotive parts manufacturers, warehouse distributors, and retailers in the states of California, Nevada, and Arizona. The association represents the industry’s aftermarket and is dedicated to serving its members’ needs. Its focus on quality customer service is one of its unique selling points. And it’s proud to support local communities and nonprofit organizations.
The company’s leadership has been recognized. In 2012, the company was awarded the Art Fisher Memorial Award for outstanding contributions to the automotive aftermarket industry. The award honors individuals who have made significant contributions to the industry through exemplary service and leadership. As a result, the Parts Authority team will continue to grow. It looks forward to the continued success of The Group and its customers.
Locations Across The Country
Parts Authority serves a variety of markets, including fleets, professional installers, the retail channel, and do-it-yourself enthusiasts. The company’s IT infrastructure and sophisticated inventory management systems allow it to differentiate itself from its competitors by facilitating e-commerce and integrating acquisitions. The company’s knowledgeable counter personnel are experts in their respective fields. They can help customers determine what parts they need, and offer a consultative approach. The fast turnaround time is not a concern, as long as the parts are right for the application.
The company is proud of the achievements of its employees. This award is part of the company’s ongoing commitment to helping members solve their automotive problems and improve their overall driving experience. In fact, Pronto is proud to have three members on its board. The Automotive Parts Services Group (APSG) has honored Pronto members at its national conference and expo in Grapevine. This recognition is an honor that speaks volumes for the growth potential of a Pronto member.
As the largest, automotive parts distributor in the U.S., Parts Authority recently announced a definitive agreement to acquire Interamerican Motor Corporation, which has 26 locations across nine states. The combined company will be the second-largest import replacement parts distributor in the U.S., sourcing parts from hundreds of foreign suppliers, including original equipment manufacturers. Its acquisitions will create a unified network of parts specialists with 150 locations in the country.
It was founded in 1982
In the automotive parts industry, Parts Authority is a Leading Distributor of auto parts in the United States. With more than 200 locations serving customers in multiple states, Parts Authority serves the do-it-yourself segment as well as national fleets chains, jobbers, and e-tailers. The company has experienced steady growth through a combination of acquisitions and organic initiatives. In this case, The Jordan Company has invested in the company to increase its growth and provide additional capital.
The transaction has bolstered the company’s position as a leading automotive parts distributor. The acquisition of Kohlberg & Company has boosted the stock price of the company by almost $1 billion. The company will maintain a large stake in the business, as the deal also includes significant ownership from The Jordan Company. Today, the company distributes auto parts and tools to independent installers, national fleets, jobbers, and e-tailers. The company employs more than 6,000 people across the country.
Locations in the New Mexico and Colorado
In a move that will greatly strengthen the parts business in these two markets, Parts Authority has acquired fifteen locations of auto parts suppliers, “Parts Plus,” in New Mexico and Colorado. As part of the transaction, the auto parts supplier will continue to provide quality service and access to expanded inventories and expert service. Additionally, the 15 stores will be key to the geographic expansion strategy of Parts Authority.
In addition to its current locations, the new company will also open its first store in Colorado. Parts Plus is one of the fastest-growing private companies in the state, with offices and warehouses throughout the state and southern Colorado. The company is committed to ensuring speedy delivery of parts and high-quality service for customers, which ensures safe road repair.
Besides the acquisition, Parts Authority has also recruited new executives. Jim Hastie will join the company as vice president of category management. He previously served as vice president of product development for the U.S. Auto Parts Network, where he coordinated product evaluations, financial reviews, launch, and sales optimization. Parts Authority will also retain its existing leadership team.
In addition to the acquisition of the parts supplier, Parts Authority has partnered with AutoPlus, which will retain the name “Parts Plus” and its brand. The combined business will have more than 250 member locations across North America, with an estimated annual revenue of $5 billion. In addition to acquiring 15 locations of Parts Plus, Parts Authority will also launch a new brand in Colorado and New Mexico.
ASAP Automotive Warehouse
In Utah, Parts Authority has expanded its footprint by acquiring ASAP Automotive Warehouse, a business with four locations. The company has been in business since 1964 and will play a key role in the company’s expansion in the West. Founded in 1972, Parts Authority is now the largest automotive parts distributor in the aftermarket. This acquisition is an important step for the company, which has grown through both organic growth and acquisitions over the years.
The acquisition was led by Kohlberg & Company, a private equity firm that invests in middle-market companies across multiple industries. The company is headquartered in New York with an office in Chicago. Its leadership team includes experts in automotive, electronics, and marketing. Founders George Ali and Terry Perrin have previously worked at a Fortune 600 electronics company. Previously, they were COOs of Dixie Electric and Motorcar Parts of America.
One Reply to “Parts Authority Locations in New Mexico and Colorado…”