O'Reilly Automotive, Inc. completed the acquisition of Groupe Del Vasto.
January 21, 2024
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O'Reilly Automotive, Inc. (NasdaqGS:ORLY) entered into a definitive stock purchase agreement to acquire Groupe Del Vasto on December 18, 2023. Vast-Auto?s seasoned management team, led by Mauro Cifelli, will continue to operate the business. Transaction is subject to customary closing conditions and regulatory approvals. Transaction is expected to close in January, 2024.
O'Reilly Automotive, Inc. (NasdaqGS:ORLY) completed the acquisition of Groupe Del Vasto in January 22, 2024.
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).