O REILLY AUTOMOTIVE INC acquired Mid-State Automotive Distributors, Inc. for $20.5 million, a transaction completed in October 2001, structured as Stock purchase; O'Reilly purchased all of the outstanding stock of Mid-State Automotive Distributors, Inc. for approximately $20.5 million, including acquisition costs. Accounted for under the purchase method of accounting..
Mid-State Automotive Distributors, Inc. operates in U.S. automotive aftermarket parts retail. Effective October 1, 2001, O'Reilly purchased all of the outstanding stock of Mid-State Automotive Distributors, Inc., a specialty retailer that supplied automotive aftermarket parts throughout the southeastern United States. The acquisition added 82 stores and included distribution centers in Nashville, Tennessee and Knoxville, Tennessee.
The purchase expanded O'Reilly's presence in the southeastern United States, adding stores and two distribution centers to support continued regional growth.
Advisory firms were not disclosed for this transaction.