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MEMA Announces Steering Committee for Sustainability Center
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By GreenGears Auto Limited
n the world of automotive repairs and maintenance, the choice between new and used parts can often be a dilemma for vehicle owners. While new parts offer the allure of pristine condition, used parts present a compelling alternative, especially when it comes to a reliable brand like Toyota. GreenGears Auto Limited, a leading provider of used auto parts, specializes in offering a wide selection of quality-tested Toyota components that combine affordability, sustainability, and performance.
The Benefits of Choosing Used Toyota Parts
1. Cost-Effectiveness:
The most apparent advantage of used Toyota parts is their significantly lower cost compared to brand-new counterparts. This affordability allows car owners to save substantially on repairs and maintenance, especially for older vehicles or those with high mileage. With GreenGears Auto Limited, you gain access to a vast inventory of used Toyota parts that are meticulously inspected and priced competitively, ensuring you get the best value for your money.
2. Environmental Friendliness:
Opting for used parts contributes to a greener planet by reducing the demand for new manufacturing and the associated environmental impact. By choosing GreenGears Auto Limited, you actively participate in the circular economy, promoting resource conservation and minimizing waste. Reusing and repurposing existing parts helps to decrease the carbon footprint of the automotive industry and contributes to a more sustainable future.
3. OEM Quality and Reliability:
Toyota is renowned for its durable and long-lasting vehicles, and their parts are no exception. Even used Toyota parts retain their inherent quality and reliability, often outlasting aftermarket alternatives. GreenGears Auto Limited ensures that all their used Toyota parts undergo rigorous testing to guarantee their functionality and performance. This commitment to quality gives you peace of mind knowing that your vehicle is equipped with genuine Toyota components that meet the highest standards.
4. Wide Selection and Availability:
Whether you need a replacement engine, transmission, body panel, or any other component, GreenGears Auto Limited boasts an extensive inventory of used Toyota parts to cater to various models and years. Their online catalog and knowledgeable staff make it easy to find the specific part you need, even for rare or discontinued models. This vast selection ensures that you can keep your Toyota running smoothly without compromising on quality or breaking the bank.
5. Supporting Local Businesses:
Choosing GreenGears Auto Limited means supporting a local business that is dedicated to providing exceptional service and contributing to the community. By sourcing used parts from them, you contribute to the local economy and foster sustainable practices within the automotive industry. Their commitment to customer satisfaction and environmental responsibility makes them a trusted partner for all your used Toyota part needs.
GreenGears Auto Limited: Your Trusted Source for Used Toyota Parts
With a commitment to quality, affordability, and sustainability, GreenGears Auto Limited has established itself as a reliable provider of used Toyota parts. Their extensive inventory, rigorous testing processes, and knowledgeable staff ensure that you receive the best possible parts for your vehicle.
Whether you're a DIY enthusiast or a professional mechanic, GreenGears Auto Limited offers a convenient and cost-effective solution for all your Toyota repair and maintenance needs. By choosing used parts, you not only save money but also contribute to a greener and more sustainable future.
Visit
link hidden, please login to view today to explore their wide selection of used Toyota parts and experience the benefits of choosing a reliable and eco-conscious provider. -
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By GreenGears Auto Limited
In the fast-paced world of automobiles, the allure of shiny new parts is undeniable. But amidst the gleaming chrome and cutting-edge technology, a sustainable revolution is quietly gaining momentum - the used car parts market. It's a world where eco-consciousness meets affordability, and Green Gears Auto Limited is leading the charge.
Used Car Parts: The Unsung Heroes of Automotive Sustainability
Let's face it, manufacturing new car parts takes a toll on our planet. From the extraction of raw materials to the energy-intensive production processes, the environmental impact is significant.
Used car parts offer a brilliant solution - they give a second life to perfectly functional components, reducing the need for new production and minimizing waste. It's not just about the environment though. Used auto parts, often Original Equipment Manufacturer (OEM) parts, offer significant cost savings compared to their brand-new counterparts. This means that keeping your car on the road doesn't have to break the bank.
Green Gears Auto Limited: Your One-Stop Shop for Sustainable Solutions
Enter Green Gears Auto Limited, a company dedicated to making sustainable car part solutions accessible to all. Their extensive inventory includes a wide range of used car parts, from engines and transmissions to body panels and electrical components. They even specialize in hard-to-find parts, ensuring that even owners of older or less common vehicles can find what they need.
Whether you're a DIY enthusiast, a professional mechanic, or simply a car owner looking for affordable and eco-friendly solutions, Green Gears Auto Limited has you covered. They offer:
Quality Assurance: All parts are thoroughly inspected to ensure they meet high standards of quality and functionality. Wide Selection: Their inventory covers a broad spectrum of makes and models, making it easy to find the right part for your vehicle. Expert Support: Their knowledgeable team is always ready to assist you in finding the perfect part and answering any questions you may have. Embrace the Green Revolution
The automotive industry is evolving, and sustainability is at the forefront of this transformation. Choosing used car parts isn't just a smart financial decision; it's a conscious choice to reduce your environmental footprint.
So, the next time your car needs a little TLC, consider the sustainable option. Visit
link hidden, please login to view and discover a world of affordable, eco-friendly car parts. Together, let's keep our cars running smoothly and our planet healthy. Remember, every used part is a step towards a greener future.
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By Counterman
link hidden, please login to view. announced that it has entered into a definitive agreement to sell link hidden, please login to view, to funds managed by global investment firm Carlyle for $1.5 billion in cash. The transaction is expected to close before the end of the year. “We are pleased to announce the sale of the Worldpac business,” said Shane O’Kelly, president and chief executive officer. “The sale enables our team to sharpen their focus on decisive actions to turn around the Advance blended box business. Proceeds from the transaction will provide greater financial flexibility as we continue our strategic and operational review to improve the productivity of the company’s remaining assets and better position the company for future growth and value creation. On behalf of everyone at
link hidden, please login to view, I would like to thank the more than 5,000 Worldpac team members for their dedication over the last ten years.” “We are excited to partner with Worldpac, a great business operating in attractive markets,” said Wes Bieligk, a Partner, and Katherine Barasch, a senior member of Carlyle’s Global Industrials investing team. “Our proven track record in executing complex carve-outs position us uniquely to support Worldpac and its team as an independent company.” Carlyle’s investment in Worldpac builds on the firm’s extensive carve-out experience in the Industrials sector, having invested ~$13 billion in industrial carve-outs over the past two decades, including in such companies as Axalta, Nouryon, Atotech, Signode, and Allison Transmission.
Transaction Details
Over the last 12 months, at the end of the second quarter of 2024, the Worldpac business generated approximately $2.1 billion in revenue and approximately $100 million in EBITDA. Advance expects net proceeds of approximately $1.2 billion after taxes and transaction fees. The post
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By APF
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle (NASDAQ: CG) for $1.5 billion in cash. The transaction is expected to close before the end of the year.
“We are pleased to announce the sale of the Worldpac business,” said Shane O’Kelly, president and chief executive officer. "The sale enables our team to sharpen their focus on decisive actions to turn around the Advance blended box business. Proceeds from the transaction will provide greater financial flexibility as we continue our strategic and operational review to improve the productivity of the company’s remaining assets and better position the company for future growth and value creation. On behalf of everyone at Advance, I would like to thank the more than 5,000 Worldpac team members for their dedication over the last ten years.”
"We are excited to partner with Worldpac, a great business operating in attractive markets," said Wes Bieligk, a Partner, and Katherine Barasch, a senior member of Carlyle's Global Industrials investing team. "Our proven track record in executing complex carve-outs position us uniquely to support Worldpac and its team as an independent company." Carlyle's investment in Worldpac builds on the firm's extensive carve-out experience in the Industrials sector, having invested ~$13 billion in industrial carve-outs over the past two decades, including in such companies as Axalta, Nouryon, Atotech, Signode, and Allison Transmission.
Transaction Details
Over the last twelve months, at the end of the second quarter of 2024, the Worldpac business generated approximately $2.1 billion in revenue and approximately $100 million in EBITDA. Advance expects net proceeds of approximately $1.2 billion after taxes and transaction fees. Centerview Partners is serving as financial advisor and Hogan Lovells US, LLP, is serving as legal advisor to Advance on the transaction. BofA Securities is acting as lead financial advisor to Carlyle and BMO Capital Markets is also acting as a financial advisor to Carlyle. Latham & Watkins is serving as legal advisor to Carlyle.
Investor Conference Call
As previously announced, the company has scheduled a webcast to begin at 8 a.m. Eastern Time today, to discuss results for the second quarter ended July 13, 2024. During the webcast, the company will provide additional information on the Worldpac transaction. The webcast will be accessible via the Investor Relations page of the company's website (ir.AdvanceAutoParts.com).
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of July 13, 2024, Advance operated 4,776 stores and 321 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,138 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view . About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across four continents. Further information is available at
link hidden, please login to view . Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the sale of Worldpac, including statements regarding the benefits of the sale and the anticipated timing of closing, the expected use of proceeds and expectations for economic conditions, future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, deterioration of general macroeconomic conditions, geopolitical conflicts, the highly competitive nature of the industry, demand for the company’s products and services, the company’s ability to consummate the sale of Worldpac on a timely basis or at all, including failure to obtain the required regulatory approvals or to satisfy the other conditions to the closing, the company’s use of proceeds and ability to maintain credit ratings, access to financing on favorable terms, complexities in the company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company's subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
Investor Relations Contact:
Lavesh Hemnani
T: (919) 227-5466
E: [email protected]
Media Contacts:
Darryl Carr
T: (984) 389-7207
E: [email protected]
Carlyle
Brittany Berliner, (212) 813-4839
[email protected]
Source: Advance Auto Parts, Inc.
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