National Auto Parts Warehouse (NPW), a family-owned automotive aftermarket parts distributor with a nationwide presence, and Icahn Automotive Group, which owns and operates Auto Plus, a leading automotive aftermarket parts distributor, and Pep Boys automotive retail and service locations, announced they have completed NPW’s acquisition of substantially all Auto Plus assets in Washington state and Oregon.
The transaction includes two Pep Boys Parts retail store locations in Seattle, Washington, and excludes Pep Boys automotive service centers.
National Auto Parts Warehouse will convert and rebrand the acquired Auto Plus and Pep Boys Parts retail locations as Auto Value parts stores.
Icahn Automotive will continue to own and operate all of its service centers under the Pep Boys brand in Washington state and Oregon and focus on serving the growing demands of do-it-for-me (DIFM) customers and rapidly growing fleets.
Larry Pacey, President and CEO, National Auto Parts Warehouse, commented, “This is a great opportunity to grow our parts business and increase our overall service levels in the Pacific Northwest. We have plenty of capacity in our Hillsboro, Oregon, Distribution Center and we are ready to extend our customer-first approach to these new locations and their customers. We welcome the new employees and customers to the NPW family.”
“National Auto Parts Warehouse is an excellent parts supplier with a strong reputation in the region and nationwide, and this transaction will strengthen both organizations, while enabling us to focus on our store footprint in core growth markets,” commented Chris Cox, Chief Executive Officer – Parts, Icahn Automotive Group. “I am pleased that our employees will benefit from being part of a great amily-owned organization and our customers will continue to have access to premium brands and receive world-class service from a Company with a proven track record of providing fast, reliable service and forging true partnerships.”