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By Counterman
The
link hidden, please login to view (AACF) announced that more than $70,000 was raised during the Independent Midas Dealers Association (IMDA) Convention & Trade Show 2026, held April 19 to 21 in Savannah, Georgia, as Midas celebrated its 70th anniversary. This marked the second consecutive year AACF was the event’s official charity. Support from Midas and IMDA members highlights the commitment within the aftermarket industry to care for its own.
Midas and IMDA Support for AACF
“We are incredibly grateful for the continued support from Midas and the IMDA community in welcoming AACF back for a second year,” said John Kairys, executive director of AACF. “The opportunity to be part of this event and connect directly with franchisees, leadership and partners is invaluable. It speaks volumes about the culture of this organization and the genuine commitment to supporting one another across the industry.”
AACF Booth, Donations and Prize Drawings
Throughout the event, IMDA members, franchisees, suppliers and corporate partners visited the AACF booth to learn more about the foundation’s mission, contribute donations, and participate in prize drawings. The event also provided a platform for AACF leadership to connect directly with those who make up the Midas network.
Kairys joined Jeff Genuario, incoming IMDA president, and Adam Stranik, outgoing IMDA president, on stage to share the foundation’s impact and highlight real stories of individuals and families supported through AACF. “As we celebrate 70 years of Midas, it’s important to recognize the people behind our success,” said Genuario. “Supporting AACF allows us to extend that commitment beyond the shop and into the lives of our teammates and their families when they need it most.”
Stranik added, “The automotive aftermarket is built on strong relationships, and
link hidden, please login to view plays a critical role in supporting those within our industry facing unexpected hardship. We’re proud to continue this partnership and to see the incredible generosity of IMDA members make a real difference.” Funds to Support Aftermarket Professionals and Families
The funds raised during the event will directly support aftermarket professionals and their families facing life-changing challenges such as medical emergencies, natural disasters and catastrophic events.
“The generosity shown throughout this event speaks volumes about the character of this industry, and partnering with AACF allows us to extend that support beyond the shop and into the lives of those who need it most,” said Lenny Valentino Jr., Midas president and COO. “Our commitment doesn’t end here,” he continued. “We’ll continue supporting AACF and the people who depend on it today and always.”
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By Counterman
link hidden, please login to view honored the suppliers shaping the future of the automotive aftermarket at its 15th annual 2026 Partnership Event, Thursday, March 12, in Atlanta. This gathering has long served as a milestone moment that brings together the industry’s most valued partners to celebrate shared achievements, align on strategy, and deepen the relationships that drive the business forward. “Our Supplier Partnership Event isn’t just a celebration, it’s a reflection of what we believe at NAPA: that the most successful businesses are built on a foundation of trust and collaboration,” said Danny Huffaker, senior vice president product & marketing. “Bringing our partners together each year is how we align on our plan to win and strengthen our relationships. We’re grateful to our partners for their continued investment in NAPA and for their shared commitment to innovation that is defining the future of our industry.”
Among the evening’s honors, the Spirit of NAPA Award carries a particularly rich legacy. Established more than 30 years ago, it recognizes an individual who truly embodies NAPA’s values, work ethic, and commitment to deep, lasting partnership.
The full list of this year’s winners is below:
Spirit of NAPA Award, Premium Guard Inc. (PGI)
Spirit of NAPA Award Recipient – Premium Guard Inc. (PGI) Premium Guard Inc. (PGI) is honored with the Spirit of NAPA Award for demonstrating exceptional overall performance, deep partnership, and a sustained commitment to NAPA’s success. Through industry-leading service levels, strategic investment in dedicated NAPA sales support, and strong collaboration on new product launches and market expansion, PGI has consistently aligned its efforts with NAPA’s goals.
Following one of the most significant product transitions in NAPA’s history, PGI stepped up in a meaningful way, working cross-functionally with our teams to support training, sales enablement, and market adoption. Their partnership has helped expand product coverage, drive market share growth, and ensure NAPA remains well positioned to serve customers across our network.
Through performance, collaboration, and shared commitment, PGI truly embodies the Spirit of NAPA.
Partnership Award, Chris Pruitt
Partnership Award Recipient – Chris Pruitt Chris Pruitt is recognized for decades of leadership. Over a remarkable 31-year career at East Penn Manufacturing, Chris helped guide the company through significant growth while strengthening its relationship with NAPA at every level.
Under his leadership, East Penn consistently supported key NAPA initiatives that drove market share growth through innovative and collaborative programs. Chris also demonstrated a deep commitment to giving back, proudly supporting the Intrepid Fallen Heroes Fund through fundraising efforts that honored those who have sacrificed for our country.
Known for his accessibility and collaborative spirit, from the store level to the executive team, Chris fostered a culture of open communication and true partnership. Now serving as Chairman of the Board, he leaves behind a legacy defined by trust, integrity, and a long-standing relationship between East Penn and NAPA built to endure for years to come.
Service Award, Valvoline
Service Award Recipient – Valvoline Valvoline is recognized for delivering exceptional service performance to the NAPA network, maintaining industry-leading fill rates and dependable on-time delivery. Their reliability and responsiveness ensure NAPA customers consistently receive the products they need when they need them.
Catalog Award, CRC
Catalog Award Recipient – CRC CRC is recognized for excellence in catalog content and data quality, demonstrating exceptional completeness, correctness, and reliability in product information. Their commitment to maintaining high standards ensures NAPA teams and customers have the accurate information they need to confidently identify the right products.
Quality Award, Old World Industries (OWI)
Quality Award Recipient – Old World Industries (OWI) Old World Industries (OWI) is recognized for its outstanding commitment to product quality and transparency, working closely with NAPA to provide comprehensive testing data and detailed quality documentation. Their proactive collaboration and dedication to continuous improvement help ensure the reliability and performance that NAPA customers expect.
Innovation Award, Milwaukee
Innovation Award Recipient – Milwaukee Milwaukee is recognized for driving innovation and growth within the NAPA network through the launch of more than 600 new SKUs in 2025 and the creation of exclusive trade in promotions that generated significant incremental sales. Their continued investment in new product development and sales enablement demonstrates a strong commitment to innovation and partnership with NAPA.
Indirect Supplier Award, The Variable Agency
Indirect Supplier Award Recipient – The Variable Agency The Variable Agency is recognized for its exceptional partnership and creative leadership in the brand transformation of Carlyle Tools. Through strategy, distinctive visual identity, and powerful storytelling, TVA helped reimagine Carlyle as a modern professional tool brand designed to resonate with the next generation of technicians.
Marketing Award, Dorman
Marketing Award Recipient – Dorman Dorman is recognized for outstanding collaboration with the NAPA marketing teams, investing in innovative campaigns and strong social media engagement that increased visibility and traffic at NAPA for the Dorman brand. Their commitment to creative marketing initiatives continues to expand awareness of Dorman products among technicians and customers across the industry.
Sales Award, Dorman
Sales Award Recipient – Dorman Dorman is honored for delivering exceptional sales growth with NAPA, generating significant incremental revenue through strong product innovation, inventory support, and close collaboration with NAPA teams to capture new opportunities and serve customers more effectively.
Market Disruptor Award, Carlyle Tools Suppliers (ISS, Great Neck, Clore, Homak, FNA)
Market Disruptor Award Recipient – Carlyle Tools Suppliers ISS, Great Neck, Clore, Homak, and FNA are recognized for their partnership with NAPA in relaunching the Carlyle Tools brand—bringing together product expertise, supply chain strength, and collaboration to create a differentiated professional tool offering that is reshaping expectations in the market.
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By NAPA
Separation to Unlock Significant Shareholder Value and Enhance Strategic Clarity, Operational Focus and Financial Performance for Both Companies
Tax-Free Separation Expected to be Completed in the First Quarter of 2027
Company to Announce Further Details Regarding Ongoing Operational and Strategic Initiatives at Investor Days for Global Automotive and Global Industrial in the Second Half of 2026
Company to Host Conference Call Today at 8:30 a.m. ET to Discuss Fourth Quarter and Full-Year 2025 Earnings Results and the Separation Announcement
ATLANTA, Feb. 17, 2026 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its intention to separate the company into two independent, publicly traded companies, one comprising its Automotive Parts Group ("Global Automotive") and the other comprising its Industrial Parts Group ("Global Industrial"). The transaction, which is targeted for completion in the first quarter of 2027, is expected to qualify as a tax-free transaction for U.S. federal tax purposes to Genuine Parts Company shareholders. "Genuine Parts Company has a proud history of evolving with our markets for nearly a century," said Will Stengel, Chair-Elect and Chief Executive Officer. "Over the past decade, we established leading global footprints in attractive geographies, simplified our business mix and accelerated strategic investments to advance and differentiate our business. Creating two focused, independent companies sharpens customer and market alignment, increases clarity and speed, simplifies operations and enables disciplined, business-specific investments to unlock long-term value."
Creating Two Industry-Leading Companies
The business separation is the result of a comprehensive strategic and operational review of market opportunities, in-flight initiatives and business structure considerations across Global Automotive and Global Industrial.
Pursuing the separation is expected to create two, scaled market leaders, better able to execute their respective strategies by:
Creating dedicated platforms that improve operating clarity and execution speed at each company to deliver greater customer value and long-term shareholder returns; Establishing separate management teams with tailored expertise, strategies and decision-making authority to better address customer needs; Providing enhanced financial flexibility to enable strategic investments that accelerate profitable growth, improve productivity and extend market leadership positions; Allowing each business to design capital structures and capital allocation strategies aligned with specific business objectives, while targeting investment-grade credit metrics at each company; and Enabling each business to attract a long-term investor base through a clear, compelling and differentiated investment profile. Global Automotive: The Largest Global Automotive Aftermarket Solutions Provider
Global Automotive is the largest global network of automotive parts and auto care repair centers, operating in North America, Europe, U.K. and Australasia. Going to market under the globally recognized NAPA brand, amongst others, Global Automotive will be a more focused automotive aftermarket platform able to more effectively capitalize on local customer needs and market trends, including significant growth and market share opportunities with the commercial 'do-it-for-me' customer. Through its 100-year legacy, NAPA has earned its leadership position with unmatched customer loyalty built on trusted product quality, deep relationships and a differentiated culture grounded in expertise, service, performance and innovation. Global Automotive's international businesses in Europe and Australasia hold leading market positions and leverage our iconic brands, NAPA and Repco, to expand share in their respective geographies.
Global Automotive generated more than $15 billion in sales, and $1.2 billion of EBITDA in 2025. Global Automotive has a network of more than 10,000 global locations with a significant opportunity in a fragmented $200 billion addressable market driven by non-discretionary demand. The business will continue to benefit from its unique global footprint, including independent owner coverage, dedicated network of over 20,000 NAPA Auto Care repair centers in North America, resilient and growing commercial 'do-it-for-me' end markets and diversified customer segments.
Global Automotive has been executing significant technology and supply chain transformation programs, which are expected to deliver accelerating growth and margin expansion, further optimize working capital and increase return on invested capital. Global Automotive is targeting to maintain investment-grade credit metrics, with a tailored capital structure designed to support future capital investment priorities. Global Automotive will prioritize high-return organic investments across sales and stores, technology, supply chain and accretive bolt-on acquisitions. Global Automotive expects to complement its strategic investments with a balanced capital return program.
Global Industrial: A Diversified, Best-in-Class Industrial Solutions Provider
Global Industrial, operating under the Motion brand, is a market leading diversified industrial distributor and value-added solutions provider with operations in North America and Australasia. The business generated approximately $9 billion in sales, and more than $1.1 billion of EBITDA in 2025. Motion is the market leading provider of 'mission critical' industrial maintenance and repair and value-added solutions including fluid power, automation, conveyance and repair services. Motion maintains deeply embedded customer relationships in over 14 diversified end markets across critical manufacturing sectors. Motion's scale, omni-channel go-to-market strategy and strategic supplier relationships enable its differentiated product offering, including over 10 million SKUs to support its over 180,000 global customers.
Motion is well-positioned to extend its industry leadership position in a fragmented $150 billion global market through its differentiated customer value proposition driven by solution-based selling, technical and product expertise, product breadth, delivery coverage and service excellence. Motion will continue to benefit from long-term secular tailwinds including re-shoring and near-shoring opportunities, automation and robotics, artificial intelligence infrastructure build out and the increasing scarcity of manufacturing technical expertise.
Motion expects to build on its track record of delivering best-in-class financial performance with profitable sales growth, strong operating leverage translating into double-digit EBITDA margins, free cash flow generation and attractive returns on invested capital. Motion is targeting to maintain investment-grade credit metrics, with capital allocation priorities focused on investments that enhance the customer experience across commercial excellence, technology and supply chain. Motion will continue to pursue strategic acquisitions and a balanced capital return program.
Transaction Details
There are no changes to the GPC executive team. The company names, executive teams and Boards of Directors for Global Automotive and Global Industrial will be announced at a later date.
The transaction is expected to be completed in the first quarter of 2027, subject to satisfaction of customary conditions, including final approval from the GPC Board and filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. The separation does not require shareholder approval.
Upcoming Investor Days
The company plans to host investor days in the second half of 2026 to discuss operational initiatives to accelerate growth and margin expansion at Global Automotive and to provide strategic goals for each business.
Advisors
J.P. Morgan and Guggenheim Securities are serving as financial advisors to GPC, King & Spalding LLP is serving as legal counsel and Collected Strategies is serving as strategic communications advisor.
Fourth Quarter and Full-Year 2025 Financial Results
In a separate press release issued today, GPC announced its financial results for the fourth quarter and full year 2025.
Conference Call
GPC will hold a conference call today at 8:30 a.m. Eastern Time to discuss its fourth quarter and full-year 2025 financial results and the separation announcement. Supplemental investor materials will also be available for reference. Interested parties may listen to the call on the
link hidden, please login to view. About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across North America, Europe and Australasia, while our Industrial Parts Group serves customers across North America and Australasia. We keep the world moving with a vast network of over 10,800 locations spanning 17 countries supported by more than 65,000 teammates. Learn more at
link hidden, please login to view. Forward-Looking Statements
Certain statements in this press release that are not historical facts constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally can be identified by the use of forward-looking terminology, such as "intended," "targeted," "expected," "planned," "positioned," "will," and similar terminology. While the company believes expectations for the future are reasonable in view of currently available information, these forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as (a) uncertainties as to the timing of the separation and whether it will be completed; (b) the possibility that various closing conditions for the separation may not be satisfied; (c) failure of the separation to qualify for the expected tax treatment; (d) the risk that Global Automotive and Global Industrial will not be separated successfully or such separation may be more difficult, time-consuming and/or costly than expected; (e) the possibility that the strategic, operational and financial opportunities from the separation may not be achieved; and (f) the other risks, uncertainties and other factors discussed under "Risk Factors" discussed in the company's Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and from time to time in the company's subsequent filings with the Securities and Exchange Commission. Statements in this press release that are "forward-looking" include, without limitation, statements regarding the planned separation of Global Automotive and Global Industrial, the timing of any such separation, the expected benefits of the separation, and the future performance of Global Automotive and Global Industrial if the separation is completed. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company undertakes no duty to update any forward-looking statements except as required by law. You are advised, however, to review any further disclosures on related subjects in the company's subsequent Forms 10-K, 10-Q, 8-K and other reports filed with the Securities and Exchange Commission.
SOURCE Genuine Parts Company
For further information: Investor Contact, Timothy Walsh, (678) 934-5349, Vice President - Investor Relations; Media Contact, Heather Ross, (678) 934-5220, Vice President - Global Strategic Communications
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By Counterman
link hidden, please login to view announced it will host the Fantastic Voyage 2027: The Alboran Sea Odyssey, a 10-night cruise event for top customers, partners and guests. The full-ship charter aboard the Norwegian Dawn is scheduled for April 19-29, 2027, with an itinerary across Southern Europe and North Africa. Registration Timeline
Registration opened Jan. 13, 2026. Early registration incentives are available to customers who enroll by Jan. 31, 2026.
For details or to register, visit the
link hidden, please login to view or contact a Worldpac sales representative. Highlights of the Fantastic Voyage 2027 include:
Full-ship charter aboard the Norwegian Dawn, reserved exclusively for Worldpac guests; Visits to iconic destinations: Lisbon, Portimão, Malaga, Casablanca, Gibraltar, Cagliari, Valletta, Messina and Rome; Round-trip airfare and ground transportation included; All meals and select beverages, with special pricing on the Unlimited Beverage Package; One premium dining experience at any specialty restaurant; Exclusive onboard events: receptions, parties, networking, supplier meet & greet, and more; Curated cabin gifts and dedicated cruise staff; and Flexible monthly payment plans and earn-back opportunities for qualifying customers. Company Background
Worldpac operates more than 300 branches and eight distribution centers and offers an inventory of more than 200,000 OE and quality aftermarket parts covering over 40 import and domestic car lines.
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