O REILLY AUTOMOTIVE INC acquired VIP Parts, Tires & Service, a transaction completed in December 2012. The deal was a Asset purchase.
VIP Parts, Tires & Service operates in Automotive aftermarket parts retail (New England), is based in Lewiston, Maine (Maine, New Hampshire, Massachusetts). O'Reilly entered into a definitive agreement to purchase the auto-parts-related assets of VIP Parts, Tires & Service, New England's largest privately held automotive parts and accessories chain. Based in Lewiston, Maine, VIP operated 56 stores across Maine, New Hampshire and Massachusetts plus a Maine distribution center. After completion, VIP retained the tire and service components of the business while O'Reilly owned and operated the automotive parts sales and distribution operations. VIP traces to a 1958 founding and was acquired by Quirk Tire in 2001.
The asset purchase extended O'Reilly's presence into New England, with O'Reilly taking the auto parts retail and distribution operations while VIP retained its tire and service business.
New England's largest privately held parts and accessories chain with a 56-store footprint and a regional distribution center. O'Reilly to own and operate the automotive parts sales and distribution operations; VIP to retain tire and service components.
Advisory firms were not disclosed for this transaction.