Genuine Parts Company (GPC) is an American automotive and industrial parts distributor based in Atlanta, Georgia.[1] Established by brothers Carlyle and Malcolm Fraser in 1928, the company has approximately 60,000 employees.[2] In addition to the United States, GPC has operated in Australasia, Belgium, Canada, France, Germany, Mexico, the Netherlands, Poland, and the United Kingdom. GPC's subsidiaries include industrial parts distributor Motion as well as NAPA Auto Parts, which primarily sells parts in North America.[3]
Company history
Genuine Parts Company (GPC) was founded by brothers Carlyle and Malcolm Fraser in Atlanta in 1928.[4]
GPC's headquarters were located at Atlanta's Circle 75, in Cobb County, starting in 1979. Approximately 400 employees worked in the 115,000-square-foot space. In 2014, GPC announced plans to relocate its headquarters to Wildwood Office Park, next to an existing operational support facility.[5]
William P. Stengel II is GPC's president and chief executive officer (CEO). He joined the company as GPC's first chief transformation officer in 2019,[6][7] became president in 2021,[8] and became chief operating officer in 2023.[9] Stengel succeeded Paul Donahue, who became the CEO of GPC in 2016. Donahue succeeded Tom Gallagher,[10] who initially continued as chairperson,[11] until Donahue was elected by the board of directors to that role in 2019.[12][13][14] Donahue transitioned to executive chairman in 2024.[15][16] On February 17, 2026, the company announced its plan to split into two publicly traded companies.[17]
GPC ranked number 239 on Forbes' America's Best Employers list in 2017 and number 262 on the magazine's list of America's Largest Public Companies in 2018. The company also ranked number 678 on Forbes' World Best Employers list in 2020, and number 731 on the Forbes Global 2000 list in 2024.[18]
Company timeline
- 1925 National Automotive Parts Association established.
- 1928 Genuine Parts Company established.
- 1948 GPC Initial Public Offering.
- 1975 Acquired S.P. Richards Company.
- 1976 Acquired Motion Industries.
- 1994 Joint Venture with Auto Todo.
- 1998 Acquired EIS.
- 2008 Acquired Altrom.
- 2013 Acquired GPC Asia Pacific.[19]
- 2016 Acquired AMX Superstores
- 2016 Acquired Auto-Camping
- 2017 Acquired Inenco Group (Australia).[20]
- 2021 Acquired RSP Automotive & Industrial.[21]
- 2024 Acquired Motor Parts & Equipment Corporation (MPEC)[22]
Subsidiaries
GPC has two primary business segments: Motion, which focuses on industrial products, and the automotive brand NAPA Auto Parts.[23]
According to Industrial Distribution, Motion started as a distributor of bearings and industrial supplies, and expanded to offer products related to automation, conveyance, hydraulics, fluid power, and robotics.[24] GPC acquired Motion in 1976. GPC's electrical products division, EIS Inc., merged with Motion in 2018,[25] before being sold in October 2019.[23] Based in Birmingham, Alabama, Motion has approximately 9,000 employees and 170,000 customers as of 2023.[24]
NAPA Auto Parts was established in 1925.[26] Some NAPA Auto Parts stores are owned and operated by GPC, but most are independently owned and operated.[27] There were approximately 6,000 NAPA Auto Parts stores in 2020.[26]
GPC acquired UAP Inc. of Canada in 1998 and the Australian car parts supplier Exego Group in 2013.[28][29] GPC and its four business units acquired nineteen companies in 2016.[30] In 2017, GPC acquired a 35 percent stake in industrial distributor Inenco Group,[31] as well as Alliance Automotive Group.[32] GPC acquired Kaman Distribution Group (KDG), a provider of industrial solutions such as automation, conveyance, and fluid power, in 2022.[24]
Former subsidiaries
In 1975, GPC acquired S.P. Richards, which was described by Industrial Distribution as "a distributor of general office products, technology products and accessories, office furniture, JanSan and safety supplies".[23]
In 2018, GPC announced plans to merge the "workplace essentials distributor" Essendant into S.P. Richards, following a spin-off of S.P. Richards to become an independent company called Essendant.[33] GPC sold S.P. Richards through a series of transactions in 2020, starting with the Canada division in January. The U.S. operations were sold to an investor group and the Supply Source Enterprise business, which included The Safety Zone and Impact Products operations, were sold to an affiliate of H.I.G. Capital. GPC continued with Motion and NAPA Auto Parts.[23]
External links
References
- Thomas Hughes. Genuine Parts Company Is Genuinely A Good Buy Entrepreneur, April 20, 2023^
- Genuine Parts Forbes^
- Mike Hockett. Genuine Parts' Automotive Leader Resigns Industrial Distribution, July 15, 2020^
- Malcolm H. Fraser, 91, Retailer of Auto Parts The New York Times, The New York Times Company, February 19, 1994^
- Maria Saporta. Genuine Parts moving its home base to Wildwood, away from new Braves stadium Atlanta Business Chronicle, American City Business Journals, November 20, 2014^
- Eric Mandel. Genuine Parts picks former HD Supply exec as its first chief transformation officer Atlanta Business Chronicle, November 18, 2019^
- Mike Hockett. Genuine Parts Appoints former HD Supply Facilities Maintenance Head as Chief Transformation Officer Industrial Distribution, November 19, 2019^
- Eric Mandel. Genuine Parts promotes chief transformation officer to president Atlanta Business Chronicle, January 19, 2021^
- Zach Armstrong. Genuine Parts Co. shuffles top executives Atlanta Business Chronicle, December 8, 2022^
- Mike Hockett. Genuine Parts Company Names Donahue New CEO Industrial Distribution, April 26, 2016^
- Jessica Saunders. Gallagher retiring as executive officer of Genuine Parts Co. Atlanta Business Chronicle, April 24, 2017^
- Eric Mandel. Genuine Parts CEO picked to be sixth chairman in the company's 91-year history Atlanta Business Chronicle, April 22, 2019^
- Crystal Edmonson. After 95 years, Genuine Parts Co. aims to be disruptor in industry (podcast) Atlanta Business Chronicle, August 8, 2023^
- Savannah Sicurella. 'Hybrid approach is here:' Genuine Parts Co. wants employees in the office Atlanta Business Chronicle, November 10, 2023^
- Chris Fuhrmeister. Genuine Parts Co. CEO Paul Donahue to retire; successor named Atlanta Business Chronicle, April 30, 2024^
- Genuine Parts CEO Paul Donahue to be replaced by operations head Reuters, April 29, 2024^
- Lauren Thomas. NAPA Owner Genuine Parts Plans to Split Into Two Companies The Wall Street Journal, 17 February 2026, retrieved 16 April 2026^
- Genuine Parts Forbes^
- Genuine Parts Company^
- Genuine Parts Company Completes Acquisition Of Leading Industrial Distributor In Australasia - Jul 10, 2019 Genuine Parts Company, retrieved 2019-10-11^
- Repco buys Rare Spares - May 21, 2021 Go Auto News, retrieved 2023-11-10^
- Genuine Parts Company Announces Acquisition of Largest NAPA Independent Store Owner in the U.S. Genuine Parts Company, retrieved 2024-08-10^
- Mike Hockett. Genuine Parts Co. Sells Office Products Unit S.P. Richards Industrial Distribution, July 1, 2020^
- Jack Keough. GPC, Motion Remain Bullish for 2023 Industrial Distribution, June 8, 2023^
- Mike Hockett. EIS Merged Into Motion Industries As Electrical Specialties Group Industrial Distribution, March 6, 2018^
- Auto parts company creating 250 jobs in Lebanon Nashville Post, November 17, 2020^
- Matthew Hayden. Community engagement and know-how earn NAPA Auto Parts third consecutive win Arizona Daily Sun, December 16, 2023^
- Company News; Genuine Parts Gaining Rest of UAP of Canada Bloomberg News, October 31, 1998^
- Genuine Parts Revs Up With $800 Million Exego Deal The Wall Street Journal, March 13, 2013^
- Jack Keough. Genuine Parts, Motion Industries Seek More Acquisitions in 2017 Industrial Distribution, March 8, 2017^
- Mike Hockett. Genuine Parts Co. Acquires 35% Stake in Large Australia-Based Industrial Distributor Industrial Distribution, March 30, 2017^
- Genuine Parts to enter European market with $2 billion deal Reuters, September 25, 2017^
- Mike Hockett. Essendant to Merge with Genuine Parts Co. Subsidiary S.P. Richards Industrial Distributor, April 12, 2018^