O REILLY AUTOMOTIVE INC acquired Bennett Auto Supply, Inc., a transaction completed in January 2019. The deal was a Asset purchase.
Bennett Auto Supply, Inc. operates in Automotive aftermarket parts retail (Southern Florida), is based in Pompano Beach, Florida (southern Florida). Alongside an additional $1 billion share-repurchase authorization, O'Reilly announced a definitive agreement to purchase substantially all of the auto-parts-related assets of Bennett Auto Supply, Inc., a privately held automotive parts supplier headquartered in Pompano Beach, Florida that operated 33 stores in southern Florida. The asset purchase was expected to be completed by the end of 2018.
Over the past 61 years the Bennett family had built a successful business based on a culture of excellent customer service, making it a premier parts supplier in its markets and supporting O'Reilly's continued profitable growth in Florida.
A 61-year-old premier regional supplier with 33 stores that strengthened O'Reilly's profitable growth in the Florida market.
We are very excited to announce we have entered into a definitive agreement to purchase substantially all of the assets of Bennett Auto Supply, a highly respected, privately held automotive parts supplier operating 33 stores in southern Florida. Over the past 61 years, the Bennett family has built a very successful business based on a culture of providing excellent customer service and is a premier parts supplier in their markets.Greg Johnson, CEO and Co-President, O'Reilly Automotive
Advisory firms were not disclosed for this transaction.