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In April 1932, Arthur Taubman purchased the Advance Stores from Pep Boys, with two stores in Roanoke, Virginia, and one in Lynchburg, Virginia. [5] Advance premiered on the Fortune 500 list of companies in 2003 at No. 466. [6] In January 2005, Advance was named the “Best Managed Company in America” in the retail sector by Forbes. [7]
The acquisition gave Pep Boys an additional 84 service and tire centers in Alabama, Florida, and Georgia, including concentrations around Atlanta and Orlando. [15] In June 2011, Pep Boys acquired seven locations from automotive repair company My Mechanic. The acquisition gave Pep Boys additional locations in the Houston, Texas metropolitan area ...
Trak Auto formed part of the stable of discount operations owned by the Dart Group, the family holding company of Herbert Haft, and grew indirectly out of Dart Drug.Part of Dart Drug's strategy was to offer additional merchandise beyond the usual prescription drugs, health and beauty aids, and other merchandise that is typically found in a neighborhood drug store during the early 1970s.
Also in February 2016, the company acquired Pep Boys. [10] In January 2017, the company acquired Federal-Mogul. [11] In June 2017, the company acquired Precision Auto Care, a chain of over 250 vehicle repair shops. [12] In August 2017, the company sold the property formerly known as the Fontainebleau Resort Las Vegas for $600 million.
Exterior of an O'Reilly Auto Parts store in Houston in Texas, United States. Interior of an Advance Auto Parts store in Virginia, United States.. An automotive part retailer is a retail business that sells automotive parts and related accessories to both consumers and professional repair shops, through physical stores and websites. [1]
In 1932 he heard of a three store auto parts company in Roanoke, Virginia that was for sale. "In order to help him raise the down payment to buy the chain, his wife Grace offered her wedding ring, which he then pawned along with his own Masonic ring." [1] The company, purchased in April 1932 from the Pep Boys, became Advance Auto Parts.
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About Pep Boys. Since 1921, Pep Boys has been the nation's leading automotive aftermarket chain. With more than 7,000 service bays in more than 700 locations in 35 states and Puerto Rico, Pep Boys ...
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