Parts Authority Acquires Quality Automotive Warehouse

Parts Authority Acquires Quality Automotive Warehouse

Quality Automotive operates 10 locations in the Mid-Atlantic region, of which seven are in Maryland and three in Virginia.

Parts Authority, one of the largest distributors of automotive and truck parts, has acquired Quality Automotive Warehouse Inc. Quality Automotive operates 10 locations in the Mid-Atlantic region, of which seven are in Maryland and three in Virginia. For more than 50 years Quality Automotive has been known for its extensive inventory of quality, name brand parts coupled with a reliable service commitment to all of its customers.

“We are excited to add Quality Automotive to the Parts Authority family. The team at Quality Automotive has built a great business over the years and has developed a strong reputation in the industry. This acquisition strengthens our position in the Baltimore, Maryland and District of Columbia area and expands our footprint into the Virginia market,” said Randy Buller, president and CEO of Parts Authority. “We look forward to providing our Quality Automotive customers with access to even more products and services. Equally as important, we look forward to working with our new team members at Quality Automotive and providing them with a great place to continue their careers.”

“We look forward to building upon the many years of successes we have achieved as we move forward under the Parts Authority ownership. Parts Authority shares the three most important criteria we were looking for in a partner – a common culture, an opportunity for our employees to continue to have an employer who values its team members, and the ability to continue to grow faster and with more resources,” said Mark Bond, president and CEO of Quality Automotive. “Over the course of our conversations we got to know the Parts Authority team better as a company and as individuals. Every interaction has reinforced that we share a common vision. It became clear they were the right partner and that now was the right time.”

You May Also Like

Auto Parts 4 Less Announces Investment from RB Capital

Auto Parts 4 Less announced it has completed the first tranche of funding from RB Capital Partners.

Auto Parts 4 Less Group Inc. Announces Growth Strategy

Auto Parts 4 Less announced today it has completed the first tranche of funding from RB Capital Partners, following the successful restructuring of its balance sheet, ahead of its returning to the auto parts industry.

RB Capital, under the leadership of Brett Rosen, has agreed to invest in Auto Parts 4 Less Group Inc. This collaboration is expected to provide the necessary resources for the company to achieve its strategic objectives and continue its growth trajectory, the company said.

Advance Auto Parts Reports Q4, Full Year 2023 Results

President and CEO Shane O’Kelly said Advance continues to act with a sense of urgency to “return to profitable growth.”

financial results
AutoZone Reports Q2 Results with Increases in Same Store Sales

During the quarter, AutoZone opened 19 new stores in the U.S., while adding six new stores in Mexico and four in Brazil.

Dana Inc. Reports 2023 Record Sales and Q4 Earnings

For the full-year 2023, Dana reported sales of $10.6 billion, up from $10.2 billion in 2022.

AAM Reports Q1 2024 Financial Results
LKQ Corp. Announces Q4, Full Year 2023 Results

President and CEO Dominick Zarcone expressed satisfaction with the company’s results amid macroeconomic challenges.

Other Posts

MAHLE Finalizes Sale of its OEM Thermostat Business

As part of the transaction, ADMETOS is taking on around 600 employees in six countries.

MAHLE finalizes sale of its OEM thermostat business
LKQ to Sell Poland’s Elit Polska to MEKO AB

Elit Polska is a Poland-based distributor of automotive parts, consumables and workshop equipment.

LKQ to Sell Poland’s Elit Polska to MEKO AB
Transtar Announces Agreement for Axalta to Acquire The CoverFlexx Group

Axalta Coating Systems has signed a definitive agreement to acquire Transtar Holding Company’s subsidiary The CoverFlexx Group.

Transtar-logo-on-white
Auto Color & Equipment Joins Wesco Group

Auto Color & Equipment has been servicing Missouri since 1987.

Auto Color & Equipment Joins Wesco Group