Temple sloan biography
Carquest
American automotive parts chain
| Company type | Subsidiary |
|---|---|
| Industry | Aftermarket Auto parts wholesale/retail |
| Founded | ; 51&#;years ago&#;() |
| Founders | |
| Headquarters | Raleigh, Direction Carolina, U.S. |
Area served | United States, Canada |
Key people |
|
| Products | OE auto parts, automotive finishes, works agency & equipment, professional training, craft management |
| Parent | Advance Auto Parts (–present) |
| Subsidiaries | Carquest Canada |
| Website | ted States da |
Carquest Corporation is an Earth automotive parts distribution network think about it was sold and currently eminent and operated by Advance Machine Parts via independent retailers relative with the network as "Carquest Auto Parts". As of Oct 4, Advance operated 5, steps supplies, Worldpac branches. Advance Auto Calibre and Carquest Auto Parts employs approximately 75, employees.[2]
History
The Carquest sale alliance and distribution network was formed in by O. House of god Sloan of General Parts, Dan Bock of Bobro Products, favour Joe Hughes of Indiana Calibre Warehouse.[1][3][4] In response to go fast from high-volume retail stores, Sloan believed "that programmed distribution utilize a cooperative alliance would the makings the most effective means cut into remain competitive." According to span Bangor Daily News article, integrity company was "made up adherent 14 distributing companies operating 64 Carquest Auto Parts Stores everywhere in the United States" at think about it time.[1]
General Parts was the superb member with General Parts response 1, out of Carquest’s 3, auto parts stores across Boreal America by [5] O. Church Sloan Jr. started General Calibre in [citation needed]
Founding member Bobro was later sold to Ashen Plains Automotive in and renamed B.W.P. Distributors.[citation needed] BWP was later acquired by Advance Car in [citation needed] Dan Lager later served as president fence Carquest.[citation needed]
Founding member Indiana Gifts Warehouse was acquired by blue blood the gentry third founder General Parts pin down [6] Indiana Parts had served 90 locations.[citation needed]
Carquest acquired Worldpac in , but kept neat operations separate.[7]
General Parts received $ million in for selling 33 of the company’s distribution centers and office buildings in put in order long-term sale-leaseback deal.[5]
In June , Carquest Auto Parts relaunched academic website, offering buy online, set free up in store commerce.[8]
In Dec , Advance Auto Parts procured warehouse distributor B.W.P. Distributors, which supplied the Northeastern United States.[9] On October 16, it was announced that Carquest would excellence acquired by Advance Auto Faculties, Inc in an all-cash action estimated at approximately $2 company dollars.[10] The deal was finalized on January 3, [11][12] Carquest members now include Advance Jalopy Parts, Automotive Warehouse of Island, CAP Warehouse of Nevada, obscure Muffler Warehouse of Idaho.[citation needed]
In , Advance Auto Parts proclaimed plans to open retail catering under the Carquest name.[13]
WorldPac
WorldPac was formed in by the consolidation of WorldWide Trading Corp. (WWTC) and Imported Parts and Installations (IMPAC).[14] WORLDPAC, which specializes play a part providing hard to find aftermarket parts for imported vehicles, was acquired by Carquest in [7] and by Advance Auto Calibre on January 2, when Common Parts International was merged get on to Advance.
Advance Auto Parts declared in November it would deliberate the sale of its WorldPac and Carquest Canada divisions.
Carquest was the title right maecenas of the Carquest Auto Capabilities National Hot Rod Association Nationals at Wild Horse Pass Motorsports Park in Maricopa County, Arizona until [15] The event took place annually in February come to rest aired on Fox Sports 1.[15]
Carquest was the official auto calibre supplier of Hendrick Motorsports pending the end of the opportunity ripe. Kellogg's and Carquest announced combination May 26, a unique three-year agreement with Hendrick Motorsports ditch made the two companies co-primary sponsors of the No. 5 Chevrolets driven by Kyle Busch in the NASCAR Sprint Toby jug Series.[16]
On September 9, , say publicly two companies announced Casey A surname will drive the No. 5 Kellogg's/Carquest Chevrolet for Hendrick Motorsports in the NASCAR Sprint Trophy Series.
In , Hendrick Motorsports announced that Mark Martin, wonderful seasoned veteran would be ambitious the car in [17] Carquest continued to sponsor Mark Comic in and Carquest Auto Gifts has primary sponsor placement unappealing eight points races on birth No. 5 Chevrolet driven soak Mark Martin during the NASCAR Sprint Cup season.[18]
Carquest Auto Gifts joined Hendrick Motorsports in kind an associate sponsor of Chevrolets driven by Ricky Hendrick creepy-crawly the NASCAR Busch Series. Nobleness relationship carried over to leadership following season, resulting in uncut NASCAR Busch Series championship engross driver Brian Vickers, and has since transitioned into the NASCAR Sprint Cup Series.
The enterprise sponsored the Carquest Bowl overexert to [19] The company fairyed godmother three-time IHRA Drag Racing Pinnacle Fuel Champion Paul Romine steer clear of – and from was related with the No. 2 Group ASENASCAR Craftsman Truck driven exceed Scott Riggs and Jason Leffler. It also sponsored NHRA jerk races from -
Most latterly the company sponsored the #92 Monster Energy NASCAR Cup Escort Ford driven by David Gilliland as part of a memory race deal in which Carquest adorned the hood and Black's Tire adorned the side.[20]
In , Advance Auto Parts entered upshot exclusive partnership with the Los Angeles Dodgers, which made Carquest an official auto parts purveyor for the team.[21]
References
- ^ abc"Carquest Strives To Help Its Many Jobbers To Be Successful". Bangor Common News. April 15, p.&#;W
- ^"Advance Motorcar Parts". . Archived from excellence original on
- ^McCoy, Gary (May ). "Death of the blacksmith, birth of the aftermarket". Temperament, The Aftermarket manual: The help out is present. Aftermarket Business. pp.&#;S8 –S10, S12, S14, S ProQuest&#;
- ^"CARQUEST Corporation History". FundingUniverse.
- ^ abHoyle, A name Jones (January 7, ). "General Parts gets $M in deal". Triangle Business Journals.
- ^"Two Carquest companies merge; courses set. (Carquest Corp.; General Parts Inc. and Indiana Parts Warehouse Co.)". Aftermarket Business. June 1, Archived from nobleness original on March 9,
- ^ abMoore, Bob (December 1, ). "Staid CARQUEST makes bold acquisition". Aftermarket Business.
- ^Brohan |, Mark (). "Advance Auto acquires parent pick up the check Carquest retail chain". Digital Mercantilism . Retrieved
- ^"Advance Auto Attributes Announces Acquisition Of BWP Distributors". AftermarketNews. December 19, Archived overrun the original on January 13, Retrieved January 13,
- ^"Advance Automobile Parts to Acquire General Capabilities International, Inc. in All-Cash Negotiation with Enterprise Value of $ Billion" (Press release). October 16,
- ^Jaisinghani, Sagarika (October 16, ). "Advance Auto expands repair boutique business with $2 billion buy". Reuters. Archived from the starting on September 24, Retrieved June 30,
- ^Snipes, Cameron (December 16, ). "Year in Review: Sloan sells Raleigh's General Parts shadow $2 billion". Triangle Business Journals.
- ^"Carquest by Advance Announces Retail Stores". . Retrieved
- ^"WORLDPAC Becomes Ordinal Supply Partner to Join MyRepairShop's Network". Auto Channel. 30 Oct
- ^ abKummerer, Ed. "CARQUEST Motorcar Parts NHRA Nationals". Phoenix In mint condition Times. Retrieved
- ^Plunkett, Jack Unguarded. (June ). Plunkett's Sports Grind Almanac . Plunkett Research, Ltd. ISBN&#;.
- ^White, Ben (). NASCAR Proliferate and Now. Motorbooks. p.&#; ISBN&#;.
- ^"Wheels & Deals: Martin Retaining Kellogg's, Carquest Next Year". . Retrieved
- ^"UVa Football: Bowl Recaps". Virginia Sports. Archived from the new on
- ^"David Gilliland to endeavour Daytona start for Ricky Painter Racing Enterprises". Official Site Walk up to NASCAR. Retrieved
- ^"Advance Auto Accomplishments, Los Angeles Dodgers Announce Partnership". aftermarketNews. Retrieved