O REILLY AUTOMOTIVE INC acquires Bond Auto Parts
The deal at a glance
O REILLY AUTOMOTIVE INC acquired Bond Auto Parts, a transaction completed in December 2016. The deal was a Asset purchase.
Bond Auto Parts operates in Automotive aftermarket parts retail (Northeast U.S.), is based in Vermont, New Hampshire, Massachusetts and New York. Concurrent with its third-quarter 2016 earnings release, O'Reilly announced a definitive agreement to purchase substantially all of the assets of Bond Auto Parts, a privately held automotive parts supplier operating 48 stores in Vermont, New Hampshire, Massachusetts and New York. The purchase was expected to be completed before the end of 2016.
Over the past 60 years the Bond family built a successful business based on a culture of providing excellent customer service, which O'Reilly described as a perfect fit with its own.
A 60-year-old, customer-service-driven regional chain that fit O'Reilly's culture and extended its Northeastern footprint.
No advisory firms have been disclosed for this transaction.