From Tire Review
American Tire Distributors has acquired Maryland-based Tire Distributors Inc., expanding its distribution in Maryland and northeastern Virginia.
The deal closed Aug. 30. Financial terms of the deal were not disclosed.
The company attributes the growth to strategic initiatives and its LiftKits4Less.com platform, which was reactivated five months ago.
Auto Parts 4 Less Group Inc. announced significant revenue growth following its strategic initiatives.
Christopher Davenport, CEO and Founder of Auto Parts 4 Less Group Inc. stated, "We are thrilled to report a significant increase in our revenue over the first quarter of this year. Our revenue climbed from $48,573 in January to $102,409 in March, marking an impressive growth of 111%. This success is primarily driven through our LiftKits4Less.com platform, which we reactivated just five months ago. Additionally, while our subsidiary, Auto Parts for Less Inc., reported a P&L net loss of approximately $5,500 for March, we are very close to achieving a break-even point, which is a testament to our efforts in controlling the burn rate.
Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people.
The company also announced Edgar Akopyan will be joining Fenix Parts as the director of business development, Southern California.
Several supplier and shareholder awards were presented during the meeting, March 26-28, at the Grand Hyatt San Antonio River Walk in San Antonio.
Power TruckPro USA operates in Medley, FL, supplying heavy-duty truck parts to the Miami area.
Auto Parts 4 Less announced it has completed the first tranche of funding from RB Capital Partners.
The Gandia Group is a full line distributor of automotive aftermarket parts and accessories in San Juan, Puerto Rico.
The new store in Plainview, New York, is the company’s fourth location in Nassau County.
BS Products is a full-line nationwide wholesaler of automotive and quick lube supplies.
