The Alliance Automotive Group (AAG) — a wholly owned European auto parts distribution subsidiary of the Genuine Parts Co. (GPC) — has completed its acquisition of the PartsPoint Group.
Headquartered in the Netherlands, PartsPoint is a distributor of automotive aftermarket parts and accessories in the Benelux region, predominantly to independent garages and wholesalers. PartsPoint operates one national distribution center, six regional warehouses and 147 branches. Management expects the acquired business to generate roughly $330 million in annual revenue.
GPC Chairman and CEO Paul Donahue called PartsPoint an excellent strategic fit for AAG, noting that it expands the company’s European footprint. “The addition of PartsPoint is an important milestone in our growth strategy in Europe, and we are excited for the opportunities we see in the Netherlands and Belgium in the years ahead,” Donahue said in an announcement dated June 5.