Carparts has 20 jobber/retail stores located in New Hampshire, Massachusetts and Maine.
Hahn Automotive Warehouse, a Rochester, New York-based corporation and Carparts Distribution Center Inc., a Plaistow, New Hampshire-based company, have signed a definitive agreement for Hahn to acquire Carparts. Both Hahn and Carparts are warehouse distributors of aftermarket automotive parts.
Stan Lewis, Carparts’ president, will continue with the company following the completion of the transaction. Terms of the transaction, which is expected to close on or about Dec. 27, were not disclosed.
Carparts’ main warehouse location is in Plaistow, New Hampshire, along with 20 jobber/retail stores located in New Hampshire, Massachusetts and Maine. Hahn and Carparts are both members of the Aftermarket Auto Parts Alliance Inc., a leading international buying and marketing association. Hahn decided to acquire Carparts based on Carparts’ performance as a well-managed company with a commitment to growth and customer service in the New England market.
Maggie Maleno, longtime shareholder of Carparts, said, “I am thrilled our family business is going from my family to another family business. It was important for my employees to have a welcoming place to work.”
Lewis added, “We are extremely pleased to be joining Hahn to continue with the business of the combined Hahn/Carparts entity. This combination provides significant opportunities for growth for our customers, including enhanced sales and marketing efforts throughout the New England area.”
Distribution: Labor Shortage, Right to Repair in Focus at AAPEX Buyer Panel
Distribution: You Gotta Have Heart
Distribution: AutoZone Authorizes $1.5B Additional Stock Repurchase
Distribution: Quadratec Announces 2 New Appointments
ByAMN Content Partner on December 29, 2021
Auto Pros on the Road: Auto Pros Race Into Street & Strip Performance, Louisville, KY
Research: US Aftermarket Parts Market Expected to Reach $19B by 2026
Distribution: AutoZone To Build New DC In Chowchilla, California
Service And Repair: Alligator’s Sens.It TPMS Covers 2012-’21 Nissan Vans
Opinion: Lessons Learned By Being Back – The Last Word
FUEL TANK CLEANING CAN EXTEND THE LIFE A FUEL PUMP