O REILLY AUTOMOTIVE INC acquires Bennett Auto Supply, Inc.
Snapshot
O REILLY AUTOMOTIVE INC acquired Bennett Auto Supply, Inc. in January 2019. Bennett Auto Supply, Inc. is a Pompano Beach, Florida (southern Florida)-based Automotive aftermarket parts retail (Southern Florida) business.
- Acquirer
- O REILLY AUTOMOTIVE INC
- Target
- Bennett Auto Supply, Inc.
- Value
- (not disclosed)
- Date
- January 2019
- Type
- asset purchase
- Status
- ready
The deal at a glance
About this deal
O REILLY AUTOMOTIVE INC acquired Bennett Auto Supply, Inc., a transaction completed in January 2019. The deal was a asset purchase.
Bennett Auto Supply, Inc. operates in Automotive aftermarket parts retail (Southern Florida), is based in Pompano Beach, Florida (southern Florida). Alongside an additional $1 billion share-repurchase authorization, O'Reilly announced a definitive agreement to purchase substantially all of the auto-parts-related assets of Bennett Auto Supply, Inc., a privately held automotive parts supplier headquartered in Pompano Beach, Florida that operated 33 stores in southern Florida. The asset purchase was expected to be completed by the end of 2018.
Over the past 61 years the Bennett family had built a successful business based on a culture of excellent customer service, making it a premier parts supplier in its markets and supporting O'Reilly's continued profitable growth in Florida.
A 61-year-old premier regional supplier with 33 stores that strengthened O'Reilly's profitable growth in the Florida market.
No advisory firms have been disclosed for this transaction.