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Genuine Parts Co completes Alliance Automotive acquisition
Thursday, November 02, 2017

The US based Genuine Parts Co. Has announced that it has completed the purchase of Alliance Automotive Group (AAG) for a total purchase price of approximately $2 billion (USD). This includes the settlement of AAG’s outstanding debt.   

AAG is the second-largest parts distribution platform in Europe, with a focus on light vehicle and commercial vehicle replacement parts. With headquarters in London, AAG has approximately 8,000 employees and 2,100 company-owned stores and affiliated outlets across France, the U.K., Germany and Poland.

The Genuine Parts Co.  financed the purchase, including the payoff of AAG’s existing debt arrangements, with approximately $2 billion of debt financing.

Categories:  Aftermarket > Garage