O’Reilly Automotive has entered into a definitive stock purchase agreement with the shareholders of Mayoreo de Autopartes y Aceites S.A. de C.V. (Mayasa), headquartered in Guadalajara, Jalisco, Mexico, under which O’Reilly will acquire all of the outstanding shares of Mayasa and affiliated entities. The stock purchase is expected to be completed in the fourth quarter of this year, subject to customary closing conditions and regulatory approvals.
Mayasa was founded in 1954 and is a large specialty retailer of automotive aftermarket parts in Mexico, operating five distribution centers, 20 Orma Autopartes stores and serving more than 2,000 independent jobber locations in 28 Mexican states.
“We are excited to announce we have entered into a definitive agreement to purchase Mayasa, a highly respected, family operated auto parts supplier in Mexico, which operates five distribution centers that support 20 company-owned stores and over 2,000 independent jobber locations throughout Mexico. From their beginning over 65 years ago, Mayasa has built a very successful business by focusing on the same fundamental culture values of hard work and excellent customer service that have also been key to O’Reilly’s success. Mayasa’s seasoned management team will continue to operate the business and, partnering with O’Reilly’s experienced leadership, will continue to grow the successful and profitable organization they have established. We are very happy to welcome the over 1,100 Mayasa team members to the O’Reilly family, and we look forward to working together as we build upon Mayasa’s strong and rich history in the Mexican automotive aftermarket.”