Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across O REILLY AUTOMOTIVE's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
4 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
CSK Auto Corporation (NYSE: CAO) was one of the largest specialty retailers of auto parts and accessories in the Western United States, operating under the Checker, Schuck's, Kragen and Murray's brands. Under the merger agreement, CSK shareholders received $11.00 of O'Reilly common stock (subject to a collar) plus $1.00 in cash per share. Each CSK share was converted into 0.4285 of an O'Reilly share plus $1.00 in cash. The combination created the third-largest national auto parts retailer with approximately 3,200 stores and pro forma 2007 revenues of approximately $4.4 billion. approximately $1.0 billion (including ~$500 million of assumed debt).
Today is an exciting day for both O'Reilly and CSK shareholders. As a combined company, we will be even stronger and more competitive, with the ability to better meet the continuing evolution of the automotive aftermarket industry.Greg Henslee — Chief Executive Officer, O'Reilly Automotive
The benefits of this transaction are very compelling. After careful consideration of a number of viable alternatives, our Board has determined that partnering with O'Reilly is clearly the best course of action for our shareholders.Larry Mondry — President and Chief Executive Officer, CSK Auto
O'Reilly entered into a definitive agreement on May 2, 2005 to acquire all of the outstanding capital stock of Midwest Auto Parts Distributors for $61 million in cash. The transaction was expected to close on May 31, 2005, subject to customary closing conditions, with no material relationships between the parties other than the agreement.
O'Reilly completed a merger with Hi-Lo Automotive, Inc. and its subsidiaries on January 30, 1998 (effective January 31, 1998), acquiring 100% of the outstanding capital stock. Hi-Lo was a Houston, Texas headquartered specialty retailer and supplier of automotive products operating 189 stores in Texas (165), Louisiana (17) and California (7), plus a 375,000 square foot distribution center in Houston. Hi-Lo had sales of approximately $238.3 million for the year ended December 31, 1997.
Effective October 1, 2001, O'Reilly purchased all of the outstanding stock of Mid-State Automotive Distributors, Inc., a specialty retailer that supplied automotive aftermarket parts throughout the southeastern United States. The acquisition added 82 stores and included distribution centers in Nashville, Tennessee and Knoxville, Tennessee.