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BWP, a privately held company that supplies, markets and distributes automotive aftermarket parts and products principally to commercial customers, was founded in 1962 and is based in Armonk, New York. BWP currently operates or supplies 216 locations in Connecticut, Delaware, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. This acquisition will enable Advance Auto Parts to continue its expansion in the Northeast, which continues to be a strategic growth area for Advance.
After completion of this transaction, Advance will operate 124 BWP company-owned stores and will transfer the rights to distribute to 92 independently owned locations to an affiliate of General Parts International, Inc. (GPI), a privately held auto supply company. Additionally, Advance will continue to operate two of BWP’s distribution centers in Sutton, Massachusetts and Delran, New Jersey. GPI will operate BWP’s other distribution center in Armonk, New York.
“We are excited about the combination of our two businesses as it will position us for accelerated growth in the Northeast,” said Darren R. Jackson, President and Chief Executive Officer of Advance Auto Parts. “This new partnership with BWP is another example of Advance’s commitment to long-term growth and serving commercial customers. With our other investments in parts, technology, systems and people, we have enhanced our ability to improve our profitability and increase value for our shareholders. We are also thrilled that Neil Stockel, BWP President, will continue to collaborate with us as we grow our commercial business.”
“We thank Advance Auto Parts for this exciting new relationship. Our rich history of serving commercial customers, combined with Advance Auto Parts’ best-in-class commercial capabilities, will allow us to build on our strong service reputation with our customers,” said Neil Stockel, President, BWP.
About Advance Auto Parts
Headquartered in Roanoke, Va., Advance Auto Parts, Inc., a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items in the United States, serves both the do-it-yourself and professional installer markets. As of October 6, 2012, the Company operated 3,727 stores in 39 states, Puerto Rico, and the Virgin Islands. Additional information about the Company, employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found on the Company's website at www.AdvanceAutoParts.com.
