Record-Setting Fundraising Year For University Of The Aftermarket Foundation
Donations to the University of the Aftermarket Foundation increased more than three-fold last year, according to John Washbish, MAAP, secretary of the University of the Aftermarket Foundation and chairman of its contributions committee.
Gladstone Capital Invests $5.6 Million In Meridian Rack & Pinion
Founded in 1989 and based in San Diego, Calif., Meridian is a provider of aftermarket and OEM replacement automotive parts, which it sells through both wholesale channels and online at www.BuyAutoParts.com. Meridian distributes a targeted set of product lines, which include replacement turbochargers, air conditioning parts, steering racks and suspension components.
Delphi Announces New $1 Billion Share Repurchase Program
This program will commence following the completion of the company’s previous share repurchase programs.
Advance Auto Parts Completes GPI Acquisition
According to Advance, the acquisition of General Parts accelerates the company’s growth strategy and enhances shareholder value through a number of strategic benefits.
Uni-Select Added To The S&P/TSX Canadian Dividend Aristocrats Index
The announcement was made Dec. 20 by the S&P Dow Jones Canadian Index Services.
AutoZone Authorizes Additional Stock Repurchase
Since the inception of the repurchase program in 1998, AutoZone’s board has authorized $14.2 billion.
Monroe Capital Provides $50 Million Unitranche Credit Facility To MSD Performance Group
Funding will support the acquisition of MSD Performance Group (MSDP) by Hot Rod Brands LLC, an affiliate of Z Capital Partners LLC.
Myers Industries Enters Into New $200 Million Credit Facility
CFO Greggory Branning says company now has capacity to fund its strategic initiatives.
AutoZone Reports First Quarter Results
Net income for the quarter increased $14.6 million, or 7.2 percent, over the same period last year to $218.1 million, while diluted earnings per share increased 16.2 percent, to $6.29 per share from $5.41 per share in the year-ago quarter.
Advance Auto Parts Refinances Credit Facility
Advance has entered into a new $1 billion unsecured revolving credit facility and a $700 million unsecured term loan, proceeds of which will be used to finance the company’s recently announced acquisition of GPI.
AASP-MN’s 2014 Race For Automotive Education Announced
Since its inception, AASP-MN’s Automotive Education Fund has distributed nearly $146,000 directly to students enrolled in automotive programs through the association’s scholarship program and SkillsUSA competition.
Federated Presents $145,000 Check To Toys For Tots
Check presented to Gen. Pete Osman, president and CEO of the Marine Toys for Tots Foundation, during Federated’s “Best Trucking Tailgate Party Ever” during AAPEX.