NPW Companies To Acquire Substantial Icahn Automotive-Owned Auto Plus Assets in Oregon and Washington
NPW Companies, a family-owned parts distributor with a national presence, is thrilled to announce the acquisition of substantially all Oregon and Washington assets of leading parts distributor Auto Plus, which is owned and operated by Icahn Automotive Group. Per the agreement, NPW has acquired 13 Auto Plus and two Pep Boys retail stores in Oregon and Washington state.
“This is a great opportunity to grow our parts business and increase our overall service levels in the Pacific Northwest,” said Larry Pacey, president and CEO of NPW Companies. “We have plenty of capacity in our Hillsboro, Ore. distribution center, and we are ready to extend our customer-first approach to these new locations and their customers. We welcome the new employees and customers to the NPW family.”
NPW is an Auto Value and Bumper to Bumper shareholder owner of the Aftermarket Auto Parts Alliance, Inc. The company will convert and rebrand the acquired Auto Plus and Pep Boys locations as Auto Value parts stores.
Icahn Automotive will continue to own and operate all of its service centers under the Pep Boys brand in Oregon and Washington state, and will focus on serving the growing demands of do-it-for-me (DIFM) customers and rapidly-growing fleets.
“NPW Companies is an excellent partner with a strong reputation in the region and nationwide, and this transaction will strengthen both organizations, while enabling us to focus on our store footprint in core growth markets,” said Chris Cox, CEO of Parts at Icahn Automotive Group. “I am pleased that our employees will benefit from being part of a great family-owned organization and our customers will continue to have access to premium brands and receive world-class service from a company with a proven track record of providing fast, reliable service and forging true partnerships.”
The deal was finalized Aug. 17, 2020.