# Genuine Parts Company to acquire Alliance Automotive Group for $2B

Genuine Parts Company has entered a definitive agreement to acquire Alliance Automotive Group from Blackstone and co-founders for approximately $2 billion, including debt repayment.

- Type: Acquisition
- Announced: 2017-09-25
- Where: London, United Kingdom
- Value: $2.00B
- Jobs: 8,000
- Status: announced
- Products: vehicle parts, tools, workshop equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Genuine Parts Co.](https://endata.com/companies/2296.md) (acquirer)
- [Blackstone Group](https://endata.com/companies/2364.md) (partner)
- [Alliance Automotive Group](https://endata.com/companies/27102.md) (target)
- [Blackstone Private Equity](https://endata.com/companies/27338.md) (investor)

## Sources

- [genpt.com](https://www.genpt.com/2017-09-25-Genuine-Parts-Company-Enters-Definitive-Agreement-To-Acquire-Europes-Alliance-Automotive-Group), 2017-09-25: "We are excited to combine with AAG and e"
- [privateequityinternational.com](https://www.privateequityinternational.com/genuine-parts-to-buy-european-peer-in-2-billion-deal-reuters/), 2017-09-25: "Genuine Parts Co said on Monday it would buy European peer Alliance Automotive Group in a deal valued at about $2 billion, including debt."
- [ajc.com](https://www.ajc.com/business/two-atlanta-deals-selling-genuine-parts-buying/gBr1gEWuGNi4EsAqGlCC2K/), 2017-09-25: "Genuine Parts Co., which said it has reached a deal to buy Alliance Automotive Group, a London-based distributor of vehicle parts, tools and workshop equipment."
- [ttnews.com](https://www.ttnews.com/articles/genuine-parts-expands-europe-purchase-alliance-automotive-group), 2017-10-02: "Genuine Parts Co. has agreed to buy Alliance Automotive Group, a leading distributor of vehicle parts, tools and equipment in Europe, for $2 billion from Blackstone Private Equity and a management group that has owned the company since 2014."
- [allianceautomotivegroup.eu](https://allianceautomotivegroup.eu/news/genuine-parts-company-acquires-alliance-automotive-group/), 2017-10-20: "Genuine Parts Company and Alliance Automotive Group announced today that they have entered into a definitive agreement under which Genuine Parts Company will acquire Alliance Automotive Group."
- [prnewswire.com](https://www.prnewswire.com/news-releases/genuine-parts-company-completes-acquisition-of-europes-alliance-automotive-group-300548070.html), 2017-11-02: "Genuine Parts Company announced today that it has completed the purchase of Alliance Automotive Group (AAG) for a total purchase price of approximately $2 billion (US$), including the repayment of AAG's outstanding debt, effective today."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.