Genuine Parts Company

Genuine Parts Company

Genuine Parts Company

Overview
Date Founded

1928

Headquarters

2999 Wildwood Parkway, Atlanta, GA, 30339, USA

Type of Company

Public

Employees (Worldwide)

50K

Industries

Wholesale: Industrial Products & Manufacturing
Other Business & Consulting Services
Appliances & Electronics
Industrial Machinery & Manufacturing
Wholesale: Consumer Durables
Automobiles

Company Description

Genuine Parts Co. engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group and Industrial Parts Group. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles. The Industrial Parts Group segment distributes a range of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components, and related parts and supplies. The company was founded by Carlyle Fraser on May 7, 1928 and is headquartered in Atlanta, GA.

Contact Data
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Executives & Employees

Chairman of the Board & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Vice President & General Counsel

Chief Accounting Officer & Senior Vice President-Finance

President, US Automotive Parts Group

Vice President & Corporate Controller

Senior Vice President & Treasurer

Executive Vice President, Mergers & Acquisitions

Executive Vice President, Human Resources

Board of Directors

Chairman of the Board & Chief Executive Officer at Genuine Parts Company

Senior Vice President & Chief Information Officer at Cox Enterprises, Inc.

Former Chief Financial Officer & Executive Vice President at The Coca-Cola Company

Chairman & Chief Executive Officer at Holder Properties, Inc.

President at Robert W. Woodruff Foundation

Chief Executive Officer at Alliance Automotive UK LV Ltd.

Executive Vice President, General Counsel & Secretary at Albertsons Cos., Inc.

President & Chief Executive Officer at The Loudermilk Companies, LLC

Director-Emeritus at Brown & Brown, Inc.

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Owners & Shareholders
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Founded in 1965, Caisse de Dépôt et Placement du Québec is one of the largest institutional fund managers in Canada and North America. They are the leading private equity investor in Canada and are also one of largest real estate asset managers in the world. The Caisse is headquartered in Québec, Canada.

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Truist Bank (Private Banking) (TB-PB) is the wealth management division of Truist Bank, which is ultimately held by Truist Financial Corp. (NYSE: TFC). The firm is headquartered in Wilson, North Carolina and was founded in 2019. TB-PB provides investment advisory services to financial professionals.

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Cullen Capital Management employs a disciplined, value investment approach that is based on the principles set forth by Benjamin Graham. The firm focuses on stocks that are inexpensive on a price to earnings (P/E) and price to book (P/B) basis. Within this universe, they look for stocks that have a catalyst that they believe should result in stronger than average earnings growth over the next few years. The firm's investment strategies include: High Dividend, International High Dividend (ADR), International High Dividend (ORD), Emerging Markets International High Dividend, Enhanced Equity Income, Global ADR, Value Equity, and Small-Cap Value Equity.

Recent Transactions
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Equipment Sales & Service Ltd. purchases Uap Inc/Machinery Parts Business from Genuine Parts Company

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Novexco, Inc. purchases S.P. Richards Co Canada, Inc. from Genuine Parts Company

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Southeastern Paper Group, Inc. (South Carolina) purchases King Holding Corp. - North Carolina from Genuine Parts Company

Insider Transactions
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Transaction Advisors
Accountant

Advised onGenuine Parts Company purchases UAP, Inc.

Legal Advisor

Advised onGenuine Parts Company purchases UAP, Inc.

Legal Advisor

Advised onGenuine Parts Company purchases GPC Asia Pacific Group Pty Ltd. from Unitas Capital Pte Ltd., AOF Beta

Attorney

Advised on101 Huntington Holdings LLC, Audax Private Equity purchase EIS, Inc. from Genuine Parts Company

Legal Advisor

Advised on101 Huntington Holdings LLC, Audax Private Equity purchase EIS, Inc. from Genuine Parts Company

Counsel

Advised onGenuine Parts Company purchases Alliance Automotive Group SAS from Blackstone Corporate Private Equity, IDInvest Partners SA

Advisors & Consultants
Legal Advisor

Partner at Alston & Bird LLP

Clients

Freeport-McMoRan, Inc. engages in the mining of copper, gold and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining; Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining and Corporate, Other and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other and Eliminations segment consists of other mining and eliminations, oil and gas operations and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

Koch Industries, Inc. began as Wood River Oil and Refining Co. in 1940. The company is based in Wichita, Kansas and is one of the largest private companies in America. Its major industries include refining, chemicals & biofuels, process & pollution control equipment and technologies, minerals, fertilizers, polymers & fibers, commodity trading & service, forest & consumer products, and ranching.Koch companies have supported education and social progress. These philanthropic efforts include support for educational institutions, foundations and programs that study and promote market-based solutions to societal challenge. Koch also works to protect, conserve and enhance natural resources; Koch companies around the world have earned awards for safety, environmental excellence, community stewardship, innovation and customer service since January 2009.

Key Stats and Financials As of 2020
Market Capitalization
$19.3B
Total Enterprise Value
$17.3B
Earnings Per Share
$1.34
Revenue
$16.5B
Total Equity
$3.22B
Three Year Compounded Annual Growth Rate Of Revenue
0.47%
EBITDAMargin
7.77%
Enterprise Value / Sales
1.05x
Enterprise Value EBITDAOperating
12.67x
TEVNet Income
88.97x
Debt TEV
0.22x
Net Profit
$195M
EBITDA
$1.28B
Total Debt
$3.74B
Non-Profit Donations & Grants
Political Donations
Investments
Details Hidden
Suppliers
Motorcar Parts of America, Inc. Automobiles | Torrance, California

Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

Dorman Products, Inc. Automobiles | Colmar, PA

Dorman Products, Inc. is well-known as a leader in providing quality auto parts to the aftermarket. We've earned our reputation for excellence from over three decades of experience in providing automotive replacement parts, fasteners and service line products primarily for the automotive aftermarket. Our prestigious position stems from a unique combination of application expertise, innovative product design, and breadth of product offerings, many of which are not conveniently or economically available elsewhere.

RBC Bearings, Inc. Metal Manufacturing & Products | Oxford, Connecticut

RBC Bearings, Inc. engages in the design, manufacture, and marketing of engineered precision bearings and products. It operates through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products. The Plain Bearings segment produces self-lubricating, metal-to-metal designs and other sub-classes, including rod end bearings, spherical plain bearings, and journal bearings. The Roller Bearings segment manufactures anti-friction products that utilize cylindrical rolling elements. The Ball Bearings segment offers high precision aerospace, airframe control, and thin section and industrial ball bearings. The Engineered Products segment consists engineered hydraulics and valves, fasteners, precision mechanical components, and machine tool collets used in aircraft and submarine applications, as well as aerospace and defense aftermarket services. The company was founded in 1919 and is headquartered in Oxford, CT.

Competitors
Fastenal Co. Wholesale: Consumer Durables - Winona, MN

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Applied Industrial Technologies, Inc. Wholesale: Industrial Products & Manufacturing - Cleveland, OH

Applied® (NYSE: AIT) is one of North America’s largest industrial distributors of bearings, power transmission components, hydraulic components and systems, pneumatic components and systems, industrial rubber products, linear components, tools, safety products, general maintenance and a variety of material handling products. We also provide customized mechanical, fabricated rubber and fluid power shop services, as well as services to meet storeroom management and maintenance training needs. As one of North America's largest industrial distributors, Applied is a vital link between a full scope of suppliers' capabilities and a broad range of customers' needs. We excel in the areas of product selection and application, system-wide logistics and engineered systems. We understand that partnering with the right industrial distributor is critical to your bottom line. Applied works closely with our customers to understand their needs and processes, and we use that knowledge to provide custom-fit products and services. The Applied network of more than 400 service center locations, 5,000 employee-associates, nine strategic distribution centers, and more than 40 specialty repair and rebuild shops ensures that the products and support you need are always close by. With locations throughout the U.S., Puerto Rico, Mexico, Canada, Australia and New Zealand, product, expertise and support are never far away. And while we may be national, our thinking is local, with knowledge of local markets and local companies. We are a familiar face in hometowns just like yours, supporting the communities in which we live. Our business partners appreciate and acknowledge our pursuit of providing the best service to our customers. Our success is measured by quality recognition awards from customers, suppliers, leading publications and governmental agencies alike

W.W. Grainger, Inc. Wholesale: Industrial Products & Manufacturing - Lake Forest, Illinois

Grainger helps customers save time and money by providing them the right products to keep their facilities up and running. Grainger's customers are 2.0 million businesses and institutions in 157 countries. While each customer has a unique facility to operate and a different problem to solve, our customers all share the same requirement: when they need one of Grainger's products, they often need it right away. With more than 21,446 team members, the Grainger team works closely with customers to better understand their challenges and provide cost-saving solutions. Grainger's team members serve customers around 96,000 times every day through multiple channels. With 2011 sales at $8.1 billion, Grainger is a Fortune 500 company and a perennial member of Fortune magazine's Most Admired Companies list

Awards & Honors
Rank #183
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #183
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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