Automotive and barter genitalia benefactor Genitalia Authority has entered into a absolute acceding to acquirement Interamerican Motor Corporation (IMC) from AutoZone. The transaction is accepted to aing in the advancing weeks.
IMC operates 26 locations beyond nine states and is the second-largest benefactor of OE affection acceptation backup genitalia in the United States. For added than 50 years IMC has been committed to alms its barter a able-bodied genitalia archive sourced from hundreds of foreign-focused suppliers, including OE brands.
“We are aflame to add IMC to the Genitalia Authority platform. This accretion is an amplification of our artefact offerings, chump blow credibility and geographies. The company’s administration in European backup genitalia is a analytic fit with Genitalia Authority’s accepted catalog,” said Randy Buller admiral and CEO of Genitalia Authority. “We accept the broadcast account abyss of the accumulated alignment will decidedly account both IMC’s absolute chump abject as able-bodied as Genitalia Authority’s customers. In addition, the IMC brand expands Genitalia Authority into key new geographies of Florida, Texas, Northern California and the Pacific Northwest. As with any acquisition, we are best aflame about bringing on abundant people. IMC’s administration aggregation and aggregation associates will add amazing amount to our alignment and we are aflame to acceptable them into the Genitalia Authority family.”
“Parts Authority’s ability of chump service, operational arete and candor accumulated with IMC’s administration in affairs to the acceptation articulation creates an agitative advance platform,” said Kelly Mundt, carnality admiral of accumulated action of IMC. “This is a absurd home for our aggregation members.”
“While we accept IMC is a admired asset and a baton in European- and Asian-branded backup parts, the auction of IMC will acquiesce AutoZone to focus on our amount business,” said Bill Rhodes, AutoZone chairman, admiral and CEO. “We accept IMC will be better-suited to a altered buying anatomy area they will get the time, absorption and investments all-important to optimize their business model.”
Jefferies LLC acted as sole banking adviser to AutoZone in the proposed auction of IMC.
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