The Jordan Co., a private equity firm that specializes in buying and building companies in partnership with the existing owners and management teams, has invested a majority stake in the business through its automotive parts distribution platform. In 2016, The Jordan Co. also invested in Parts Authority.
World Auto Parts has been a supplier of high-quality replacement parts for the past 36 years with three stores in the Cleveland area.
Mainline Auto Parts has been one of the premier auto parts distributors in the Baltimore area for the past 30 years.
Parts Authority honored its customers and vendor partners at an exclusive celebration held at Citi Field in Queens, New York, teeming with lights, glitter, Las Vegas showgirls and the “Rat Pack” on May 2, which brought together more than 3,500 customers, vendors and Parts Authority team members.
The deal closed on Friday, Jan. 13, and Parts Authority took over operations beginning on Monday, Jan. 16.