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By Counterman
All Star Auto Lights, a specialty distributor of alternative automotive parts and a portfolio company of
link hidden, please login to view, has announced the acquisition of Blackburn OEM Wheel Solutions. Blackburn is a Macedonia, Ohio-based supplier of new and refurbished OEM steel and alloy wheels for the automotive aftermarket.
This is All Star’s third acquisition in the aftermarket OE wheel space since 2021 “and transforms All Star beyond its traditional auto lights business and into a leading automotive aftermarket equipment supplier,” the company said.
“This acquisition significantly increases our capacity to manufacture and supply OEM wheels through our growing nationwide network,” said Matt Immerfall, CEO of
link hidden, please login to view. “Combined with our existing family of brands acquired in 2021, Jante Wheel and Perfection Wheel, the addition of Blackburn quickly doubles our impact in the automotive-wheels sector and offers our customers a more comprehensive selection and faster delivery while solidifying All Star’s wheel division to better serve its customer base.” Phil Druce, partner of Atlantic Street Capital, added: “We are excited to add Blackburn to All Star’s family of brands. With 13 sites and more than 400 employees, All Star is positioned as a national player with collision and body shops, tire and service centers, rental-car and auction-house customers to profitably repair cars faster with the highest-value OEM alternative replacement parts.”
link hidden, please login to view is one of the leading distributors of OEM wheels in the United States and provides OEM wheels (steel and alloy), wheel covers (hubcaps) and center caps in brand-new, refinished and used condition. “Blackburn has a great industry reputation for quality and customer service that is consistent with what All Star stands for,” Immerfall said. “Maximizing the amazing business that Blackburn has built over the last 30-plus years with All Star’s capabilities is a true privilege. It’s exciting for the All Star Team to round out our newly formed wheel division with Blackburn. Our ability to partner manufacturing and supply to take care of our customers on a national level is an incredible opportunity that we are thrilled about.”
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By Counterman
Genuine Parts Company (GPC) announced record second-quarter sales of $5.6 billion, up 17.1% from $4.8 billion in second-quarter 2021.
Comparable-store sales jumped 11.5%, and acquisitions contributed 8.8% to second-quarter sales growth, according to the company.
Diluted earnings per share skyrocketed 92.6% to $2.62.
“GPC achieved another record quarter, consisting of double-digit sales and earnings increases and a steady cadence of continued growth,” said Paul Donahue, chairman and chief executive officer. “We are benefiting from the resiliency of our automotive and industrial businesses and the strategic mix of our operations. We want to thank our 53,000 talented GPC teammates for their exceptional work and commitment to excellence.”
Sales for the Automotive Parts Group were up 8.5% to $3.5 billion. An 8.4% global increase in comparable sales and a 4.5% contribution from acquisitions buoyed automotive sales.
“Our second-quarter results were driven by exceptional execution from our teammates along with the continued focus on our strategic investments, which delivered strong sales and margin expansion in both segments,” President Will Stengel said. “In addition, we were pleased to further strengthen our balance sheet and generate continued strong cash flow.
“The strength in automotive was broad-based across our global operations. Likewise, the continued strength in industrial led to its fifth consecutive quarter of double-digit sales comps.”
Sales for first six months of 2021 were $10.9 billion, up 17.8% from $9.2 billion for the same period in 2021.
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