Oreilly Automotive Inc: Auto Parts is an American auto parts company that serves professional service providers and do-it-yourself customers in the United States with automotive aftermarket parts, tools, supplies, equipment, and accessories.
The O’Reilly family founded the company in 1957, and it now has over 5,600 stores in 47 states and 22 ORMA stores in Mexico.
History
Oreilly Automotive Inc American Auto Parts
In December 1957, O’Reilly Automotive, Inc. opened its first store in Springfield, Missouri, and sold auto components.
Michael Byrne O’Reilly arrived in America in 1849 and settled in St. Louis, where he fought his way through school to acquire a law degree before working as a title examiner.
His son, Charles Francis O’Reilly, went to college in St. Louis and began working for Fred Campbell Auto Supply in 1914 as a traveling salesman.
Charles had gone by rail to sell auto parts around the province by 1924, so he was familiar with the Springfield area. He became the manager of Link Motor Supply in Springfield in 1932, and one of his sons, Charles H.
(Chub) O’Reilly, joined the company. They worked together to make Link the most well-known auto parts store in the area.
Link planned a reorganization in 1957, which included the retirement of Charles F. O’Reilly, who was 72 at the time, and the transfer of Chub O’Reilly to Kansas City. The two decided to start their own business, O’Reilly Automotive, Inc.
On December 2, 1957, they opened their doors in Springfield with one store and 13 staff. In 1958, their first full year of business, they made $700,000 in revenue. By 1961, the combined volume of O’Reilly Automotive and Ozark Automotive Distributors, a division founded to serve independent automotive jobbers in the area, had reached $1.3 million.
Annual sales volume reached $7 million in March 1975, prompting the construction of a 52,000 square-foot warehouse for the O’Reilly/Ozark warehousing operation. The corporation had nine stores at the time, all in southwest Missouri.
Expansion
The company conducted an initial public offering on April 23, 1993, and it now trades on the NASDAQ under the ticker ORLY. The company also has a stock purchase scheme to allow as many full-time employees to acquire stock in the company as feasible. O’Reilly Automotive, Inc. has operated over 5,600 stores in 47 states, including Alaska and Hawaii, since March 2021
Acquisitions and mergers
O’Reilly combined with Hi/LO Auto Supply on January 30, 1998, resulting in the addition of 182 auto parts stores throughout Texas and Louisiana and a distribution center in Houston.
O’Reilly became one of the top ten auto parts retailers in the US after acquiring Hi/LO. On April 25, 2000, the company announced the acquisition of KarPro Auto Parts, which includes a 66,000-square-foot distribution center and 14 KarPro stores in Little Rock, Arkansas.
O’Reilly purchased Mid-State Automotive Distributors, Inc. on October 1, 2001, adding 82 new auto parts stores and two distribution centers to its portfolio.
As a result of the acquisition, the company is now one of the country’s top five auto parts retailers. In March 2005, it opened its eleventh distribution hub in Atlanta, Georgia.
Midwest Automotive Distributors, Inc. was purchased by O’Reilly on May 31, 2005, adding 72 retail stores in Minnesota, Montana, North Dakota, South Dakota, Wisconsin, and Wyoming and two distribution hubs in Minnesota and Montana.
With the purchase of CSK Auto on July 11, 2008, the firm added 1,273 outlets in 12 states, making it the largest acquisition in its history.
After Advance Auto Parts and AutoZone, O’Reilly became the third largest auto parts retailer in the US due to these and previous acquisitions. [requires citation]
VIP Parts, Tires, and Service, a Lewiston, Maine-based chain of 56 auto parts stores and service centers with sites in Maine, New Hampshire, and Massachusetts, plus one distribution center in Maine, announced in December 2012 that it was purchasing the car parts business of O’Reilly. The purchase signified the company’s entry into the New England market.
Bond Auto Parts, a 51-store business based in Vermont with sites in New Hampshire, Massachusetts, and New York, was acquired by O’Reilly Automotive on October 26, 2016.
Bennett Auto Supply, a 33-store franchise based in Pompano Beach, Florida, was acquired by O’Reilly Automotive on November 13, 2018.
Oreilly Automotive Inc Auto Parts announced the acquisition of Mayasa Auto Parts on August 20, 2019.
This will be the firm’s first foray into international markets. Mayasa operates five distribution facilities, twenty company stores, and over 2000 independent jobber locations around Mexico.
Also Read:
