Genuine Parts Co. Completes Acquisition Of Europe's Alliance Automotive Group

Genuine Parts Co. Completes Acquisition Of Europe’s Alliance Automotive Group

AAG is the second largest parts distribution platform in Europe, with a focus on light vehicle and commercial vehicle replacement parts.

Genuine Parts Co. announced it has completed the purchase of Alliance Automotive Group (AAG) for a total purchase price of approximately $2 billion (USD), including the repayment of AAG’s outstanding debt, effective today.   

AAG is the second-largest parts distribution platform in Europe, with a focus on light vehicle and commercial vehicle replacement parts. Headquartered in London, AAG has approximately 8,000 employees and 2,100 company-owned stores and affiliated outlets across France, the U.K., Germany and Poland. AAG has a consistent track record of organic revenue and earnings growth supported by strategic investments based on a proven M&A strategy to gain scale, efficiencies and geographic coverage.  

The company financed the purchase, including the payoff of AAG’s existing debt arrangements, with approximately $2 billion of debt financing. Additional details related to the new debt financing can be found in the company’s Form 8-K filed today.

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