Fisher Auto Parts (Staunton, VA) has acquired Burlington Foreign Car Parts, which operates nine locations: six in Vermont, two in New Hampshire and one in New York. Adam Glaser will stay on following the acquisition and will continue to help grow the business.
In addition to Burlington, Fisher has added 19 other locations within the past year: 11 in Michigan; three in Vermont; and one each in Illinois, Kentucky, New Hampshire, Pennsylvania and Virginia.
A Federated Auto Parts member of the Automotive Parts Services Group, Fisher has approximately 500 company-owned locations and 100 independent jobbers across 18 states.
Schwartz Advisors (La Jolla, CA), an M&A advisory and strategic planning firm for the automotive industry, was the exclusive sell-side advisor to Burlington. Managing Partner Rick Schwartz, Managing Partner Keith Zar and Partner Rick Guirlinger worked on the transaction.