Comprehensive M&A data with integrated detailed company information
O’Reilly to snap up Mayasa
Posted on Wednesday, 21 August 2019 10:47
O’Reilly Automotive has reached a definitive agreement to buy Mexico-based Mayoreo de Autopartes y Aceites (Mayasa) in a deal which is due to complete in the fourth quarter of this year.
No financial details were disclosed; however, the transaction remains subject to regulatory approvals and closing conditions.
Established in 1954, Mayasa is a speciality retailer of automotive aftermarket parts.
It has 20 Orma Autopartes stores, which serve over 2,000 sites across 28 states in Mexico.
Mayasa operates five distribution centres throughout the country and provides products such as brake pads and fluids, clutch whips, temperature and coolant sensors, as well as oil pumps and lubricants for gasoline and diesel engines.
As a result of the deal, O’Reilly will gain over 1,100 new employees.
Founded in 1957 and headquartered in Missouri, the company claims to be the dominant auto parts retailer within the do-it-yourself and professional provider markets.
Beginning with just one store at its formation, O’Reilly now has 5,344 locations across 47 states in the US, as of 30th June 2019.
Its brands include the likes of BrakeBest Select, Super Ultima and Import Direct and the company sells products such as brake drums and rotors, car batteries and water pumps.
For the six months ended 30th June 2019, O’Reilly generated sales of USD 5.00 billion, up 5.2 per cent from USD 4.74 billion in the corresponding period of 2018.
Greg Johnson, chief executive of the purchaser, said: “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 organisation they have established.”
Since the start of 2019, there have been 212 deals targeting motor vehicle and parts dealers signed off worldwide, according to Zephyr, the M&A database published by Bureau van Dijk.
In the largest of these, TDR Capital, through BBD Bidco, agreed to acquire UK-based BCA Marketplace for GBP 1.91 billion.
China Grand Automotive Services, Automotive Holdings Group and CarMax were also targeted in the sector this year.
© Zephus Ltd