Genuine Parts $2 billion acquisition of Alliance Automotive Group
Davis Polk is advising Genuine Parts Company on its approximately $2 billion acquisition of Alliance Automotive Group from private equity funds managed by Blackstone and AAG’s co-founders. The transaction is expected to close in the fourth quarter of 2017.
Genuine Parts Company distributes automotive replacement parts in the United States, Canada, Mexico and Australasia. Headquartered in London, AAG is the second-largest parts distribution platform in Europe, with a focus on light vehicle and commercial vehicle replacement parts.
The Davis Polk corporate team includes partners John H. Butler, Will Pearce and Jacques Naquet-Radiguet and associate Robert F. Smith. Partners David H. Schnabel and Jonathan Cooklin are providing tax advice. Partners Joseph P. Hadley and Sartaj Gill are providing credit advice. Counsel Cynthia Akard is providing executive compensation advice. Counsel David A. Zilberberg is providing environmental advice. Members of the Davis Polk team are based in the New York, London, Paris and Northern California offices.