O REILLY AUTOMOTIVE INC acquired Midwest Auto Parts Distributors for $61 million in cash, a transaction completed in May 2005, structured as all cash.
Midwest Auto Parts Distributors operates in Automotive aftermarket parts distribution, is based in St. Paul, Minnesota. Midwest Auto Parts Distributors, headquartered in St. Paul, Minnesota, was a specialty retailer that supplied automotive aftermarket parts across the upper Midwest, operating a chain of stores backed by two distribution centers in Minneapolis, Minnesota and Billings, Montana. Its footprint spanned six states not previously served by O'Reilly - Minnesota, Montana, North Dakota, South Dakota, Wisconsin and Wyoming. O'Reilly acquired all outstanding stock of parent W.E. Lahr Company and its Midwest subsidiary, adding roughly 72 stores and extending the company's reach into the northern-central U.S.
O'Reilly announced it had entered into a definitive agreement to purchase all of the outstanding stock of Midwest Auto Parts Distributors, expanding its distribution and store footprint.
Advisory firms were not disclosed for this transaction.