‘The Group’ Concludes Partnership With ADI, Exits 1Parts

‘The Group’ Concludes Partnership With ADI, Exits 1Parts

ADI will purchase the shares held by Pronto and solely lead the 1Parts operation as of Jan. 1, 2022.

After many years of successful collaboration, the Automotive Parts Services Group (The Group) and AD International will conclude their 1Parts partnership on Dec. 31.

“As a founding member of 1Parts with ADI, we were able to gain valuable insight into the opportunities and challenges we all face from a global perspective, and we were able to share best practices and discuss trends that impact our members and the industry,” said Robert Roos, president of The Pronto Network. “With the recent changes in our organization, the time has come for us to transition from this partnership.”

As part of the agreement between the two organizations, Roos will resign as co-CEO of 1Parts and withdraw from the board of directors, and ADI will purchase the shares held by Pronto and solely lead the 1Parts operation as of Jan. 1, 2022.  

“We have enjoyed our partnership with ADI and wish them all the best for a prosperous future leading 1Parts,” continued Roos. “We look forward to the next chapter and what lies ahead for the members of The Group.”

You May Also Like

The Commercial Tire Market Cautiously Recovering from 2023 Challenges

Pierluigi Cumo, VP of B2B products at Michelin North America, discusses commercial tire expectations for the remainder of the year.

Michelin tires

Despite a tough commercial tire market in 2023 due to overstock and the effects of a rubber-banding supply chain, some tire manufacturers are expressing a cautious optimism for stabilization and gradual recovery through the rest of 2024 and into 2025.

"The economy is not showing signs that it’s going to slow down, but I don’t think the situation’s going to improve dramatically by the end of this year. It’s more likely next year," said Pierluigi Cumo, Vice President of B2B products, at Michelin North America. "We can see the light because the beginning of 2023 was very bad. I think now we’ve found the bottom, and I don’t think we’re going to get much further from the bottom in 2024."

NexaMotion Group Opens New C&M Location in New Jersey

NMG said the C&M Auto Parts location will offer a complete range of general repair products, catering comprehensively to the diverse needs of the local market.

NexaMotion-Group-Expands-Product-Offering-in-Texas
Advance Auto Parts Offers Race Fans Once-in-a-Lifetime Trip

One winner and a guest will “Do the Double” by attending the Indianapolis 500, before traveling to Charlotte for NASCAR’s 600-mile race.

GPC Acquires Largest NAPA Independent Store Owner in the US

Genuine Parts Company said the acquisition advances its strategic initiative to own more stores in priority markets.

GPC Acquires Largest NAPA Independent Store Owner in the US
HDA’s Colorado Brake & Supply Announces Acquisition

The HDA Truck Pride member has acquired Pueblo Brake & Clutch, Inc.

HDA's Colorado Brake & Supply Announces Acquisition

Other Posts

Mike Mohler: Being an Aftermarket Catalyst

For Mohler, it all began in Monroe, Louisiana, where he worked for his father, Ray.

Drivetime Mike Mohler
The Impact of Trade and Tariffs on the Aftermarket

While there are numerous components that make up “landed costs,” duties, taxes and tariffs are a huge factor and can often be a detriment to global trade, says Thomas Cook, managing director at Blue Tiger International.

Fenix Parts Completes Acquisition of Neal Auto Parts

Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people.

Fenix Parts Acquires Green Auto Parts & Recycling

The company also announced Edgar Akopyan will be joining Fenix Parts as the director of business development, Southern California.