Genuine Parts Acquires Motion Industries (2024)

Genuine Parts is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Company products and services are offered through a network of over 2,000 operations, geographically located across the United States, Canada and Mexico. Genuine Parts was founded in 1928 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 19
Sector (Distribution) 2 of 10
Type (Add-on Acquisition) 3 of 17
State (Alabama) 1 of 1
Country (United States) 3 of 12
Year (1976) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1969-01-01 Beck & Gregg Hardware

Atlanta, Georgia, United States

Beck & Gregg Hardware company a 103-year-old distributor of home appliances, building goods, and sports products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1985-01-01 Beck & Gregg Hardware

Atlanta, Georgia, United States

Beck & Gregg Hardware company a 103-year-old distributor of home appliances, building goods, and sports products.

Sell -
Genuine Parts Acquires Motion Industries (2024)

FAQs

Is Motion Industries owned by Genuine Parts Company? ›

Since 1972, it has been a wholly owned subsidiary of Genuine Parts Company. Motion Industries, Inc.

Who bought the Kaman bearing? ›

Kaman Corporation (“Kaman” or the “Company”) today announced the completion of its acquisition by Arcline Investment Management, L.P. (“Arcline”) in an all-cash transaction with a total enterprise value of approximately $1.8 billion.

Who owns Kaman Distribution? ›

Who owns GPC stock? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, VIMSX - Vanguard Mid-Cap Index Fund Investor Shares, Wells Fargo & Company/mn, Charles ...

Are GPC and NAPA the same company? ›

GPC serves numerous customers from more than 2,600 operations around the world, and has approximately 48,000 employees. It owns the NAPA Auto Parts brand.

Are Motion Industries and Motion AI the same company? ›

Birmingham, Ala. – Motion Industries, Inc., a leading distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, is pleased to announce the launch of the new Motion Automation Intelligence website, https://ai.motion.com.

Is Kaman and Motion Industries the same Company? ›

– Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts, and a premier provider of industrial technology solutions, has completed the purchase of Kaman Distribution Group (“KDG”) for a purchase price of approximately $1.3 billion in cash, effective January 3, 2022.

What is the world's largest bearing Company? ›

SKF is the world's largest bearing manufacturer and employs 44,000 people in 108 manufacturing units. It has the largest industrial distributor network in the industry, with 17,000 distributor locations encompassing 130 countries.

Who are the shareholders of Kaman? ›

Institutional Ownership and Shareholders

Largest shareholders include BlackRock Inc., Vanguard Group Inc, Gamco Investors, Inc.

Is Kaman a good Company? ›

Kaman has long been a trusted solutions provider of engineered components and subsystems to mission-critical markets, and we believe the Company is in a strong position to grow and benefit from attractive tailwinds.

Who is the CEO of Kaman Industrial? ›

WalshPresident & Chief Executive Officer, Kaman Aerospace Corporation. Ian K.

How many locations does Kaman have? ›

Kaman Corporation
Company typePrivate
FoundedDecember 1945
FounderCharles Kaman
HeadquartersBloomfield, Connecticut , United States
Number of locations241 offices, 5 distribution facilities
15 more rows

Where is Genuine Parts headquarters? ›

Does GPC own motion industries? ›

Feb. 23, 2024 - Motion Industries, a wholly owned subsidiary of Genuine Parts Company (GPC), signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics.

What company owns NAPA? ›

1,142 NAPA stores are owned by Genuine Parts Company, and the remainder are independently owned.

Who is the owner of motion company? ›

Founders and Board of Directors of Motion

Nitin Vijay, Co-Founder & MD, is a founder of 2 companies. 1 email. Surendra Vijay, Co-Founder & Chairman, is a founder of 1 company.

Is Motion Industries legit? ›

Employees rate Motion Industries 3.5 out of 5 stars based on 409 anonymous reviews on Glassdoor.

Is Motion Industries a distributor? ›

Motion Industries is a distributor, and not a manufacturer of products. Accordingly, any warranty of quality, merchantability or fitness for a particular purpose is that of the manufacturer only and not that of Motion Industries.

Who is the supplier of the year for Motion Industries? ›

NSK Ltd. was named Supplier of the Year by Motion Industries Inc.

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