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GPC Acquires Largest US NAPA Independent Store Owner
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By gearupauto
Hello, this is Janet from
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By NAPA
ATLANTA, May 1, 2024 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today an acquisition for its U.S. Automotive business. Effective April 30, 2024, the company acquired Motor Parts & Equipment Corporation (MPEC). MPEC, founded in 1938, is based in Rockford, Illinois. It is the largest independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin.
"We are pleased to announce the completion of this strategic acquisition, which aligns with our initiative to own more NAPA stores in priority markets," said Will Stengel, President & CEO-elect of GPC. "We appreciate our long-standing partnership with MPEC's Executive Chairman, Joseph Hansberry, and welcome our new MPEC teammates to GPC and NAPA. We are excited to work together to deliver solutions and value to our customers."
About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at
link hidden, please login to view. SOURCE Genuine Parts Company
For further information: Investor, Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media, Heather Ross, (678) 934-5220, Vice President - Strategic Communications
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By Advance Auto Parts
Advance Auto Parts Appoints Three New Independent Directors
03/11/2024 Enters into Cooperation Agreement with Third Point LLC and Saddle Point Management L.P.
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, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately. In connection with these appointments, the company has entered into a cooperation agreement with Third Point LLC (together with its affiliates, “Third Point”) and Saddle Point Management, L.P. (together with its affiliates, “Saddle Point”).
“We are pleased to welcome Brent, Greg and Tom to the Advance Auto Parts board,” said Gene Lee, independent chair of the board of directors. “These directors’ automotive industry and supply chain experience will help us progress in our plan to return the company to profitable growth. With new management in place, important strategic actions underway, and an enhanced board, we are confident that Advance is on the right path to create significant long-term value for shareholders.”
“At Advance, our board prioritizes ongoing refreshment to help ensure we have the right expertise and experience to oversee our strategy while profitably growing our business,” said Shane O'Kelly, president and chief executive officer. “As we continue our operational initiatives focusing on the fundamentals, improving our competitive position, and serving our customers better than anyone else, including through the consolidation of our supply chain to a single unified network, we look forward to benefiting from our new directors’ extensive industry relationships and experience.”
“These three directors bring essential operational experience and industry expertise to support Shane as he executes on an ambitious agenda,” said Daniel S. Loeb, chief executive officer of Third Point. “With fresh perspectives in the C-suite and board room and a long runway for growth, we believe Advance is well positioned to create meaningful value for shareholders.”
“Advance has enormous potential to deliver better results for customers, suppliers, team members, and shareholders. The company's collaborative and focused approach is a key enabling factor for success," said Roy J. Katzovicz, chief executive officer of Saddle Point Management, L.P.
The full cooperation agreement, which contains customary standstill, voting and other provisions, will be filed by the company with the U.S. Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K. Additionally, Legion Partners Holdings, LLC (together with its affiliates, “Legion”), another Advance Auto Parts shareholder, has indicated its support for the additions of Mr. Windom, Mr. Smith and Mr. Seboldt to the company’s board of directors.
With the appointments announced today, the company’s board will temporarily expand to 12 directors. At the 2024 annual meeting scheduled for May 22, 2024, 11 director nominees are expected to stand for election to the Advance Auto Parts board, including the three newly appointed directors.
Advisors
Centerview Partners LLC is acting as financial advisor to Advance Auto Parts and Hogan Lovells US LLP is acting as legal counsel. Willkie Farr & Gallagher LLP is acting as legal counsel to Third Point and Saddle Point, and Proskauer Rose LLP is acting as legal counsel to Saddle Point.
About A. Brent Windom
Brent Windom, 63, is an experienced automotive industry executive, having spent nearly four decades working in roles across the sector. Most recently, Mr. Windom served as President and Chief Executive Officer of Uni-Select Inc., a leading automotive refinish, industrial coatings and automotive aftermarket parts distributor. Previously, Mr. Windom was President and COO of Canadian Automotive Group from July 2017 to May 2019, as well as president and Chief Executive Officer of Auto Plus ǀ Pep Boys, which was formed following Icahn Enterprises L.P.’s acquisition of Uni-Select USA, Inc. and Beck/Arnley Worldparts, Inc. Prior to joining IEH Auto Parts, Mr. Windom spent 10 years with Uni-Select, where he held positions of increasing responsibility including President and Chief Operating Officer, Uni-Select USA.
About Gregory L. Smith
Gregory L. Smith, 60, is a proven supply chain expert with nearly 30 years of experience across a variety of industries. Mr. Smith currently serves as Executive Vice President, Global Operation and Supply Chain of Medtronic plc. Prior to joining Medtronic in 2021, Mr. Smith was Executive Vice President, Supply Chain of Walmart Inc. from 2017 to 2021 and Senior Vice President, Global Operations of The Goodyear Tire and Rubber Company from 2011 to 2016. Earlier in his career, Mr. Smith spent a decade with Conagra Foods, Inc., where he served in several leadership positions, including Executive Vice President, Supply Chain. He previously held roles with United Signature Foods LLC and Aurora Foods Inc.
About Thomas W. Seboldt
Thomas W. Seboldt, 57, is a seasoned automotive executive with over three decades of industry experience. Mr. Seboldt spent the vast majority of his career with O’Reilly Automotive, Inc., where he held several titles of increasing responsibility, including Vice President, Merchandising. Mr. Seboldt has also served on the Board of prominent industry associations including the California Automotive Wholesalers' Association (“CAWA”) and the Auto Care Association. During his tenure on the CAWA Board, Mr. Seboldt has served in a variety of positions, including as President, Vice President, Executive Committee member and Treasurer.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of December 30, 2023, Advance operated 4,786 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 1,245 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. 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 our strategic initiatives, operational plans and objectives, corporate governance, board performance, director nominees at the 2024 annual meeting of stockholders, expectations for economic conditions, future business results and future financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect our 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, factors related to the company’s leadership transition, the timing and implementation of our initiatives, our potential divestiture of Worldpac and the company's Canada business, our ability to hire, train and retain qualified employees, deterioration of general macroeconomic conditions, the highly competitive nature of our industry, demand for our products and services, complexities in our inventory and supply chain and challenges with transforming and growing our business. Please refer to “Item 1A. Risk Factors” of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by our 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.
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By NAPA
You might know how to check the fuel level, but do you know how to check fuel pressure? There’s a handy gauge on the dashboard that tells you how much fuel is in the gas tank, but if that fuel isn’t reaching the engine under enough pressure, a mechanical failure could be brewing. Let’s take a look at the process necessary to check fuel pressure.
What Does Low Fuel Pressure Mean? link hidden, please login to view
If fuel can’t reach the injector with enough force to atomize the fuel, then the engine won’t run right. More often than not low fuel pressure means a
link hidden, please login to view. A bad fuel pump might limp along for a little while, but eventually it won’t build enough pressure to feed the engine. How To Check Fuel Pressure Using A Fuel Pressure Gauge
To check fuel pressure, you will need a
link hidden, please login to view (also called a fuel system pressure tester). Make sure you are working in a well-ventilated area, as some fuel fumes may escape during the procedure. Turn off the engine. Open the hood. Locate the fuel rail. You may need to remove the engine cover for access. Locate the Schrader valve on the fuel rail. This is where the fuel pressure will be tested. Remove the cap from the fuel rail Schrader valve. Attach the fuel pressure tester, making sure the connection is tight. If the fuel pressure tester has a pressure relief hose, route it to a proper container to capture the released fuel. A link hidden, please login to view makes a perfect catch container, and the fuel can then be used later. Turn the ignition switch to “on,” but do not start the engine. The fuel pump will pressurize the fuel system, and you will be able to read the fuel pressure gauge. To test the fuel pressure with the engine running, leave the fuel pressure gauge attached, but place it where it will not contact any of the rotating engine accessories (fan, fan belt, pulleys, etc), and ensure the gauge will not fall due to engine vibration. You may wish to have an assistant hold the fuel pressure gauge.
Start the engine, and observe the fuel pressure gauge. Refer to a link hidden, please login to view for fuel pressure specifications. Once you have taken the fuel pressure reading, shut off the engine. With the pressure relief hose secured to a container, release the fuel pressure from the gauge. Properly dispose of the released fuel or reuse it. Disconnect the fuel pressure gauge from the Schrader valve on the fuel rail. Wipe up any fuel that has spilled, and dry the spill area thoroughly. Place the cap back on the Schrader valve. Replace the engine cover, if it was removed. Close the hood. How To Check Fuel Pressure Using A Diagnostic Tool
Wondering how to check fuel pressure without gauge access? Checking fuel pressure using an OBD diagnostic tool can perform this vehicle test. The exact procedure will vary based on the manufacturer. Refer to the user manual for instructions on how to view live data using the OBD tool.
In the case of the
link hidden, please login to view, start at the Diagnostic Menu and select the “View Data” option. The tool will scan for available parameter identifications (PID) that can be read. Once the tool has read all the PIDs, it will prompt the user to “Select Data to View.” Choose “Entire Data List” for a readout of all the discovered PIDs. In that list should be a line called “FUEL PRES” or a similar term. That diagnostic reading is the current fuel pressure. For those who are more tech savvy, there are smartphone apps that can connect directly to a third-party
link hidden, please login to view. These apps display the real-time information flowing through the onboard diagnostic system. Information like engine temperature, transmission fluid temperature, fuel pressure and oil pressure are commonly available, but will depend on the app. Monitoring Fuel Pressure
If you are the kind of driver who prefers to keep a constant eye on what’s going on under the hood, consider installing a
link hidden, please login to view. There are a wide variety of gauge styles to match your interior, while also delivering needed information. You can keep an eye on fuel pressure, oil pressure, oil temperature and more with an link hidden, please login to view. If you have a performance vehicle or work vehicle, keeping an eye on engine vitals can help stop a problem before it starts. You can use a mechanical gauge attached directly to the fuel system under the hood, or a digital gauge in the cabin that uses a sending unit.
Frequently Asked Questions:
What Are The Symptoms Of Low Fuel Pressure?
Common low fuel pressure symptoms:
Vehicle will not start or keeps stalling Long engine cranking time Hesitation when accelerating Engine is low on power Check engine light is one (engine lean, misfire OBD-II codes stored) What Are Symptoms Of A Bad Fuel Pressure Regulator?
If the fuel pressure readings are erratic or not within the specification, those may be symptoms of a bad
link hidden, please login to view. What Are Symptoms Of A Bad Fuel Pressure Sensor?
If the fuel pressure sensor has gone bad, you may have an illuminated check engine light, trouble getting the engine to start due to low fuel pressure, or reduced engine power.
If your engine isn’t running right or the check engine light is on, then a fuel pressure check can be a good starting point for diagnosis. As you can see, the process is pretty straightforward with the right diagnostic tool. Your
link hidden, please login to view and NAPAonline carry a wide variety of link hidden, please login to view to fit your needs. Don’t feel like leaving the house or don’t have the time? Order on NAPAonline to get
link hidden, please login to view on 160,000+ products. However you choose to shop, make sure to take advantage of link hidden, please login to view to receive 1 Point for every dollar you spend. When you earn 100 Points, you automatically get $5 off your next purchase! Don’t feel like testing fuel pressure yourself or just don’t have time? You can also swing by your local
link hidden, please login to view for a fuel pressure check. Their ASE Certified technicians have the right tools and training to diagnose any fuel related issues that your car, truck or SUV experience. Photo courtesy of
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By NAPA
The NAPA Network supplies adventure seekers and outdoor enthusiasts with the best RV cleaning products to keep their home away from home fresh and road ready. Whether you drive a large recreational vehicle with its own engine or tow-behind camper trailers, including Airstreams, pop-ups and fifth wheels, we have you covered. And of course, NAPAonline and NAPA Auto Parts stores carry
link hidden, please login to view. To start off, browse through products specifically designed for
link hidden, please login to view. Suck up any loose debris, dirt and pet hair using a high-powered link hidden, please login to view from popular brands like Craftsman, Armor All and Milwaukee. Keep in mind, even the best vehicle vacuum leaves behind crumbles wedged into crevices. To grab up as much as possible, utilize a link hidden, please login to view that can squeeze into hard-to-reach gaps. A cleaning gel features a non-stick, residue-free formula that leaves no mess behind, making it simple to clean your vehicle’s surfaces without the need for water or additional cleaning agents. link hidden, please login to viewIf you are shopping for the best products for RV interior spring cleaning, you can’t go wrong with
link hidden, please login to view. An RV is jam packed with surfaces that are coated with sticky handprints, food residue, grimy gear and pet hair. This multi-surface cleaner does not contain bleach, and is safe to use on vinyl and upholstery fabrics. And, after being applied, it will prevent mold and mildew from forming, which is great for families spending time at the beach or lake. Speaking of surfaces, an RV camper is filled with glass surfaces from appliances to bathroom fixtures to windows inside and out. Our NAPA experts highly recommend grabbing a bottle or two of the
link hidden, please login to view. If foam glass cleaner is your thing, go for the ammonia-free link hidden, please login to view that works on windows, mirrors and more. And finally, no bucket of RV cleaning products would be complete without air fresheners. Place
link hidden, please login to view underneath seats or inside cabinets and drawers. This vehicle deodorizer works on smoke, pet smells and food odors that are difficult to remove. For a quick refresh, stock up on a link hidden, please login to view from Chemical Guys. Don’t forget, participating NAPA Auto Parts stores offer a convenient
link hidden, please login to view option, so you can get back on the road in no time. And, NAPA offers even more savings with link hidden, please login to view. Earn 1 Point for every $1 you spend. Collect 100 Points, and automatically get $5 off your next order. Get Your RV Road Ready For Spring
At NAPA, we realize you bought an RV camper to spend more time outdoors, so let’s head outside. To start off your kit of RV exterior cleaning products, our experts recommend purchasing a solution to tackle splattered bugs, road tar and bird droppings. Because your recreational vehicle is massive, and you are likely to need to complete many washes in a season, go for the 32-ounce concentrate of
link hidden, please login to view by Sea Foam. This pre-soak eliminates the need for hard scrubbing, and is safe on vehicle paint, clear coats, gel coats, metal, glass, mirrors, outdoor carpet, plastic and vinyl. Follow up this pre-wash application with a true RV exterior cleaner, like a
link hidden, please login to view from Griot’s Garage. The ultra-slick formula offers a versatile application, including a traditional hand-applied bucket wash or with a foam sprayer. After doing all this intense spring cleaning, protect your hard work with the best RV wax that is safe on fiberglass. Our experts recommend, link hidden, please login to view, formulated specifically to remove oxidation from fiberglass or painted surfaces. The glossy shine provides unbeatable protection from harsh UV rays. Apply by hand or with an electric buffer. Need to stock up on the best RV roof cleaner? For RV roof cleaning, grab a bottle of Meguiar’s
link hidden, please login to view. It cleans, penetrates and rejuvenates nonpainted vinyl and rubber surfaces like new. Then, work your way down to any pull-out awnings. link hidden, please login to view should do the trick. It works on both vinyl and canvas materials. And finally, keep a can of link hidden, please login to view on hand. Of course, spring cleaning an RV is only one part of the long list of maintenance items for this rewarding passion. The NAPA Network carries the
link hidden, please login to view you need, from a link hidden, please login to view to link hidden, please login to view and link hidden, please login to view. And check out these detailed guides by the NAPA Experts on link hidden, please login to view and link hidden, please login to view. Photo courtesy of
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