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Joe Marconi

Advance to Purchase GPI CARQUEST

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I just read a news feed that says Advance Auto is set to purchase GPI/CARQUEST. This is big news. It looks like this will make Advance Auto Parts the dominant player in the auto parts business, supplying parts to the industry.

 

As many of you may know, Advance purchased BWP/CARQUEST the first of this year, 2013, in my area of the country. From what I see, Advance is making an real effort to understand the independent repair shops and is eager to form an alliance with the shops. We all know they will not give up the retail trade, but this consolidation of two large groups will prove to be a powerful force.

 

Below is a link to the article.

 

http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-355355/

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      View source version on businesswire.com: https://www.businesswire.com/news/home/20191101005436/en/
      Source: Advance Auto Parts, Inc.
      Media Relations:
      Darryl Carr
      T: (540) 589-8102
      E: [email protected]
      Investor Relations:
      Elisabeth Eisleben
      T: (919) 227-5466
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