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Fisher Auto Parts has acquired Allied Auto Parts, with 13 locations in Massachusetts and two locations in Rhode Island.
“The primary rationale for selecting Fisher Auto Parts was the cultural fit of our two organizations. We operate in similar styles and share compatible philosophies,” said David Reid, SVP and COO of Fisher, and Michael Borr, president of Allied. “Colleagues who have been acquired by Fisher have spoken very highly of them, especially about their commitment to their employees. Fisher will help us compete with the larger players who continue to force out smaller players through economies of scale, purchasing power, vendor influence, technology and a skilled, specialized workforce.”
Borr will stay on following the acquisition to continue to help grow the business.
Since 1955, Allied Auto Parts has supplied the highest-quality auto parts and paint products, along with professional service and competitive pricing, to automotive professionals and do-it-yourselfers. The company started out with stores in Dorchester and Norwood, Massachusetts, and has grown to 16 locations.
With a motto of “Everything Automotive,” Allied Auto Parts and its parent company, Norwood Motor Parts, celebrated their 65th anniversary in 2020.
The post Fisher Auto Parts Acquires Allied Auto Parts appeared first on Counterman Magazine.
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Hahn Automotive Warehouse announced the closing of its acquisition of Carparts Distribution Center.
Stan Lewis, president of Carparts, will continue with the company as general manager for the New England store group.
Carparts has its main warehouse in Plaistow, New Hampshire, along with 20 jobber/retailer stores in New Hampshire, Massachusetts and Maine.
“We are excited to be expanding our footprint in the New England area with a family-owned business with similar values and business practices as Hahn,” said Daniel Chessin, co-president and CEO of Rochester, New York-based Hahn.
Hahn and Carparts are members of the Aftermarket Auto Parts Alliance.
“With the acquisition of Carparts, we are able to strengthen the Auto Value brand and expand our product offering to ensure that our customers are supplied with the parts they need,” said Eli Futerman, co-president and CEO of Hahn.
Lewis added: “We are extremely pleased to be joining Hahn as this combination provides significant opportunities for growth for our customers throughout the New England area.”
The post Hahn Automotive Acquires Carparts Distribution Center appeared first on Counterman Magazine.
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Vast-Auto Distribution, a subsidiary of Groupe Del Vasto, has entered into a definitive agreement to acquire substantially all of the assets of Canadian Auto Parts Suppliers (C.A.P.S.).
The parties expect the transaction to close on Nov. 30, subject to customary closing conditions.
Vast-Auto Distribution is a well-established distributor of automotive parts in Eastern Canada, and a shareholder of the Aftermarket Auto Parts Alliance.
Over the course of its 22 years, Canadian Auto Parts Suppliers has established itself as a dominant parts wholesaler and retailer in Canada’s capital city of Ottawa. Founded in 1999 by Charles “Chuck” Berthiaume, C.A.P.S. has been committed to servicing both professional installers and do-it-yourself customers through a wide product assortment and an exceptionally qualified staff of auto parts specialists.
“I am delighted to have chosen to sell my business to Vast-Auto Distribution, which has clearly established itself as a leading Canadian distributor within the automotive aftermarket,” Berthiaume said. “With a view to the sustainability of the business, and after working in the automotive sector for most of my career, the decision to sell was not easy to take, but today, I know that this choice is the best for the future of C.A.P.S. and our loyal customers and employees.”
The completion of this transaction plays a pivotal role for Vast-Auto Distribution in its continued market share expansion strategy in Eastern Canada.
“We are thrilled to welcome C.A.P.S. and all 60 of its team members and its entire customer base to Groupe Del Vasto,” said Mauro Cifelli, president and CEO of Groupe Del Vasto. “We are confident that our culture and our commitment to taking care of our customers and employees, will fit hand in glove with Canadian Auto Parts Suppliers longtime way of doing business. Moreover, we are extremely pleased to announce that Ghazi Mankal, a seasoned aftermarket business professional who has been with C.A.P.S. since the early beginning, will continue in his role as general manager and business associate, which will allow for a smooth transition.”
This transaction will position C.A.P.S. to enhance its services and operational effectiveness through access to Vast-Auto’s robust supply chain, including its Ottawa distribution center, and leverage of its technology platforms.
The post Vast-Auto Acquires Canadian Auto Parts Suppliers appeared first on Counterman Magazine.
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