Advance Auto Parts
Service is our best part...
|
|
Advance Auto Parts in Cairo, Georgia
|
|
| Public | |
| Traded as | : AAP S&P 500 Component |
| Industry | Auto Parts Retail |
| Founded | April 29, 1932 |
| Headquarters | Roanoke, Virginia, U.S. |
|
Number of locations
|
5,372 (as of 12/31/2015) |
|
Area served
|
United States, Puerto Rico, U.S. Virgin Islands, Canada |
|
Key people
|
John C. Brouillard Executive Chairman Tom Greco (CEO, President) |
| Products | Replacement automotive parts & accessories |
| Revenue |
 US$9.74 Billion (FY 2015)
|
|
US$825 Million (FY 2015)
|
|
|
US$473 Million (FY 2015)
|
|
| Total assets |
 US$8.13 Billion (FY 2015)
|
| Total equity |
US$2.46 Billion (FY 2015)
|
| Owner |
Institutional Owners[1] Vanguard Group Inc [2] (8.54%) Wellington Management Group LLP [3] (8.29%) State Street Corp [4] (4.50%) Starboard Value LP [5] (3.77%) Lazzard Asset Management LLC [6] (3.18%) |
|
Number of employees
|
74,000 - January 2015 |
| Subsidiaries |
|
| Website | AdvanceAutoParts.com |
Advance Auto Parts, is headquartered in Roanoke, Virginia and Raleigh, North Carolina, and is now the largest retailer of automotive replacement parts and accessories in the United States by store count after acquiring General Parts Incorporated in October 2013. AAP was founded in 1932 and had 2015 sales of approximately $9.74 billion. The combined enterprise of AAP (including Carquest branded stores) operates over 5,200 company-owned and 1,300 independently owned stores covering every U.S. state, the Virgin Islands, Puerto Rico, and Canada with more than 70,000 employees.
In 2005, Advance Auto Parts purchased AutoPart International, Inc. which operates 202 stores along the Atlantic Seaboard. As of 2014, Autopart International still operates as a separate division within Advance Auto.
In 2013, AAP purchased General Parts Inc. including Carquest, Carquest Canada and WorldPac for $2.04 billion.
In April 1932,Arthur Taubman purchased from Pep Boys, the Advance Stores, with two stores in Roanoke, Virginia and one in Lynchburg, Virginia.
The first major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. in 1987.
In April 2001, Advance Auto Parts acquired Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Mississippi. On November 28, Advance acquired 671 Discount Auto Parts, Inc., a regional auto parts chain in Florida, Alabama, Georgia, South Carolina, and Louisiana. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the under the symbol AAP. The year ended with 2,484 stores in 38 states.
In July 2002, Advance Auto Parts received bankruptcy court approval to acquire 57 Trak Auto stores in northern Virginia, Washington, DC, and eastern Maryland.
...
Wikipedia