O'Reilly Auto Parts

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O’Reilly Automotive, Inc.
TypePublic
IndustryRetail
FoundedDecember 2, 1957; 63 years ago (1957-12-02)
FounderCharles H. O'Reilly
Headquarters233 South Patterson Ave[1]
Springfield, Missouri, U.S.
Number of locations
5,616 (2021)
ProductsAuto parts
RevenueIncrease US$ 11.60 billion (2020)[2]|
  • Increase US$ 10.15 billion (2019)[2]
  • Increase US$ 9.54 billion (2018)[2]
  • Increase US$ 2.42 billion (2020)[2]
  • Increase US$ 1.92 billion (2019)[2]
Increase US$ 1.82 billion (2018)[2]
  • Increase US$ 1.75 billion (2020)[2]
  • Increase US$ 1.39 billion (2019)[2]
Increase US$ 1.32 billion (2018)[2]
Total assets
  • Increase US$ 11.60 billion (2020)[2]
  • Increase US$ 10.72 billion (2019)[3]
  • Increase US$ 7.98 billion (2018)[2]
Total equity
  • Decrease US$ 0.14 billion (2020)[2]
  • Increase US$ 0.40 billion (2019)[3]
  • Increase US$ 0.35 billion (2018)[2]
Number of employees
77,654[4] (2020)
Websitewww.oreillyauto.com

O’Reilly Auto Parts is an American auto parts retailer that provides automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States serving both the professional service providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, the company operates more than 5,600 stores in 47 states, and 22 ORMA stores in Mexico.

History[]

O’Reilly Automotive, Inc. officially started in the auto parts business with one store in Springfield, Missouri, in December 1957.[5][6]

Michael Byrne O’Reilly immigrated to America in 1849, settling in St. Louis, he worked his way through school to earn a law degree, and then pursued a career as a title examiner.[5] His son, Charles Francis O’Reilly, attended college in St. Louis and went to work in 1914 as a traveling salesman for Fred Campbell Auto Supply in St. Louis. By 1924, Charles had become familiar with the Springfield area, having traveled by train to sell auto parts throughout the territory. By 1932, he had become manager of Link Motor Supply in Springfield, and one of his sons, Charles H. (Chub) O’Reilly, joined the company. Together they helped make Link the predominant auto parts store in the area.[5]

In 1957, Link planned a reorganization, which included the retirement of 72-year-old Charles F. O’Reilly, and the transfer of Chub O’Reilly to Kansas City. The two made the decision to form their own company, O’Reilly Automotive, Inc. They opened for business in Springfield on December 2, 1957, with one store and 13 employees. Their sales totaled $700,000 in 1958, their first full year of business. By 1961, the company��s volume had reached $1.3 million—the combined volume of O’Reilly Automotive and Ozark Automotive Distributors, a division formed to serve independent automotive jobbers in the area. In March 1975, annual sales volume rose to $7 million and a 52,000 square-foot facility was built for the O’Reilly/Ozark warehouse operation. By that time, the company had nine stores, all located in southwest Missouri.[5]

Expansion[]

An O'Reilly Auto Parts store in Ypsilanti, Michigan

On April 23, 1993, the company completed an initial public offering, and it now trades on the NASDAQ market under the symbol ORLY. The company also has a stock purchase plan to enable as many full-time team members as possible to own stock in the company. Since March 2021, O'Reilly Automotive, Inc. operated more than 5,600 stores in 47 states, including Alaska and Hawaii.[6]

Mergers and acquisitions[]

On January 30, 1998, O'Reilly merged with Hi/LO Auto Supply, adding 182 auto parts stores in Texas and Louisiana, as well as a distribution center in Houston.[7] The Hi/LO acquisition made O’Reilly one of the top 10 auto parts chains in the country. On April 25, 2000, the firm announced the purchase of KarPro Auto Parts, which included a 66,000 square foot distribution center in Little Rock, Arkansas, and 14 KarPro stores.[8]

On October 1, 2001, O'Reilly purchased Mid-State Automotive Distributors, Inc., adding 82 additional auto parts stores in seven states, as well as two distribution centers.[9] The acquisition made the firm one of the top five auto parts chains in the country. It added its eleventh distribution center in Atlanta, Georgia in March 2005.

On May 31, 2005, O'Reilly purchased Midwest Automotive Distributors, Inc., adding 72 retail locations in Minnesota, Montana, North Dakota, South Dakota, Wisconsin, and Wyoming, as well as two distribution centers located in Minnesota and Montana.

An O'Reilly Auto Parts outlet in Houston, Texas

On July 11, 2008, the company completed the largest acquisition in its history with the purchase of CSK Auto, adding 1,273 stores in 12 states.[10] This, combined with past acquisitions, made O’Reilly the third largest auto parts chain in the country after Advance Auto Parts and AutoZone.[citation needed]

In December 2012, O'Reilly announced it was purchasing the auto parts business of VIP Parts, Tires and Service, a Lewiston, Maine-based chain of 56 auto parts stores and service centers with locations in Maine, New Hampshire, and Massachusetts, and one distribution center in Maine. The purchase marked the firm’s expansion into New England.[11]

On October 26, 2016, O'Reilly announced that it was acquiring Bond Auto Parts, a 51-store chain headquartered in Vermont with locations in New Hampshire, Massachusetts, and New York as well.[12]

On November 13, 2018, O'Reilly announced that it was acquiring Florida-based Bennett Auto Supply, a 33-store chain headquartered in Pompano Beach.

On August 20, 2019, O'Reilly Auto announced it would be acquiring Mayasa Auto Parts. This marks the company's first venture into international markets. Mayasa has five distribution centers, 20 company stores, and more than 2000 independent jobber locations throughout Mexico.[13]

See also[]

  • Carquest
  • National Automotive Parts Association (NAPA)

References[]

Notes
  1. ^ "Contact Us". O'Reilly Auto Parts.
  2. ^ Jump up to: a b c d e f g h i j k l m "O REILLY AUTOMOTIVE INC 2015 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 26, 2016.
  3. ^ Jump up to: a b "O REILLY AUTOMOTIVE INC 2015 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 26, 2016.
  4. ^ "O'Reilly Automotive". Fortune. Retrieved 2018-12-04.
  5. ^ Jump up to: a b c d "The O'Reilly Story". O'Reilly Auto Parts. Archived from the original on December 25, 2017. Retrieved December 24, 2017.
  6. ^ Jump up to: a b "Corporate Information: General Info". O’Reilly Auto Parts, Corporate. Retrieved 2018-07-25.
  7. ^ Elder, Laura (December 28, 1997) Rejecting Discount, Hi-Lo finds new buyer for its retail operation Houston Business Journal
  8. ^ O'Reilly Automotive Announces Purchase of KarPro Auto Parts theautochannel.com
  9. ^ News, Bloomberg (2001-08-10). "COMPANY NEWS; O'REILLY TO BUY MID-STATE AUTOMOTIVE FOR $46.2 MILLION". The New York Times. ISSN 0362-4331. Retrieved 2021-07-13.
  10. ^ "O'Reilly Automotive to Buy CSK Auto for $528 Million". Bloomberg. April 1, 2008.
  11. ^ O'Reilly purchasing VIP Auto's parts assets Tire Business, December 18, 2012
  12. ^ "O'Reilly Automotive, Inc. Reports Third Quarter 2016 Results and Announces Purchase Agreement With Bond Auto Parts" (PDF) (Press release). October 26, 2016.
  13. ^ (Press Release) O’Reilly Automotive, Inc. to Acquire Mayasa Auto Parts Headquartered in Guadalajara, Mexico
Bibliography

External links[]

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