Nevada Brake & Auto Inc. based in Las Vegas, Nev., has been acquired by Factory Motor Parts, based in Eagan, Minn. The sale was finalized on June 4.
Nevada Brake, a 34-year old wholesale distributor of automotive parts, had been primarily known as an undercar specialist, selling brake parts, suspension and chassis parts as well as wheel bearings, ride control and other related product categories. Starting in 1995, the company shifted its focus to become a full-line parts supplier for domestic and import vehicles.
In a 2003 article in Entrepreneur Magazine, Nevada Brake was acknowledged for its installation of software that allowed the company to trim 10 percent of the company's logistical outlay and optimize the customers' buying experience.
The transaction was brokered by Marx Group Advisors. Terms of the transaction were not disclosed. For more information on Marx Group Advisors, phone (415) 453-0844, or visit www.marxgroupadvisors.com.
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