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It sells performance auto parts, aftermarket accessories, tools, and race apparel. JEGS was founded by Jeg Coughlin Sr. in 1960 as a small speed shop. [1] Jeg's remained family owned and operated until 2022 when a majority stake of the company was purchased by Greenbriar Equity Group .
[19] [20] [21] Upon merger, Parts America stores were rebranded Advance Auto Parts and the website partsamerica.com became a web only store for Advance Auto Parts. With financial backing from Sears, Advance Auto Parts decided to make the partsamerica.com into a portal for web purchasing of auto parts as part of a joint venture with CSK Auto. [22]
Summit Racing Equipment started in 1968 [1] in Akron, Ohio and grew to over 100 employees by 1993, with their mail-order catalog driving their performance auto parts sales. [ 2 ] In 2016, Summit Racing announced it would open a warehouse and retail facility in Arlington, Texas; their fourth location after McDonough, Georgia; Sparks, Nevada and ...
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In 1995, Western Auto acquired 84 auto parts stores in Ohio, Indiana, Kentucky, West Virginia and Tennessee from the bankrupted Nationwise Automotive chain for an undisclosed amount [8] and later acquired Wheels Discount Auto Supply and its 82 auto parts stores in New York and Pennsylvania from its then owner Fay's Drug for $37 million. [9] [10]
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