Industry: Automotive supplies and parts , Automotive supplies , Motor vehicle parts, used , Automotive parts , Automotive accessories Printer Friendly View Address: 3 Dakota Dr Ste 110 New Hyde Park, NY, 11042-1167 United States See other locations Website: www.partsauthority.com Employees (this site): Actual Employees (all sites): Actual Revenue: Year: Net Worth: 2019: $20 Million : 2020: $20.5 Million: 2021: Winhere recognized 40-year industry veteran Russ Wilshusen from Schnair Sales & Service. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I am pleased to say that I continue to maintain a significant share of the overall company and will continue to run Eastern. 3 Dakota Dr Ste 110, New Hyde Park, New York, 11042, United States. Financial terms of the transaction were not disclosed. All incentive plans and employee benefits remain in place and all customers and vendors will continue to benefit from Easterns growth and continued membership in the Alliance group. For more information, please visit www.thejordancompany.com. As we continue our dedication to communicating #oursharedstory with AMN readers, sharing informative and inspiring stories from the automotive aftermarket during this challenging time, today we launch Good People, Good News, where we highlight an individual in the aftermarket going above and beyond. About Shahid Khan. authority are approved to process or service loans for single-family homes and multifamily projects. Those relationships will not be changing either. Cision Distribution 888-776-0942 Additional terms of the transaction were not disclosed. Duis aute irure dolor in reprehenderit in vol, t amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore, Youre viewing 5 of 5 competitors. Menu and widgets Parts Authority also established a fund to allow other senior management and team members to donate to the extent they are willing and able. Saudi Ports Authority salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Saudi Ports Authority based on real numbers. As a result, he has risen to become one of the worlds wealthiest people. Read employee reviews and ratings on Glassdoor to decide if Parts Authority is right for you. Private Equity Professional | October 6, 2020, 20072023 | Private Equity Professional Parts Authority Coupons can help you save $30.62 on average. ", Ian Arons, Partner of TJC, commented: "Randy and the rest of the Parts Authority team have done a phenomenal job of turning the Company into the distributor-of-choice in the automotive aftermarket parts industry. Your email address will not be published. Parts Authority, founded in 1972, is one of the largest distributors of automotive and truck parts to the aftermarket auto parts industry in the United States serving customers in the commercial channel, including installers, dealerships, fleets and national accounts, and the e-commerce channel Headquartered in Long Island, New York, Parts Authority is rapidly expanding, and today has more than 200 locations servicing customers in New York; New Jersey; Pennsylvania; Maryland;. Thorne, who has owned the independent company for 30 years, said that while he spent the past 30 years reinvesting in the companys growth, now was the time to take on a financial partner. Acquired by Kohlberg & Company Rockville Centre, New York, United States 1001-5000 partsauthority.com 41,049 Highlights Acquisitions 4 Investments 1 Employee Profiles 2 Contacts 290 Similar Companies 4 The senior investment team has been investing together for over 20 years and it is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. suzuki sidekick for sale arizona. Get the full list, Youre viewing 5 of 15 executive team members. There is a right and a wrong in the universe, and that distinction is not hard to make. Poor ceo management. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Parts Authority headquarters are located in 3 Dakota Dr Ste 110, New Hyde Park, New York, 11042, United States, Parts Authoritys main industries are: Automobile Parts Stores, Retail, Parts Authority appears in search results as Parts Authority, parts authority LLC, Parts Authority Inc, Web Hypertext Application Technology Working Group, International Organization for Standardization, Get Free Access to Parts Authority Contacts Info. Headquartered in New York, TJC also has an office in Chicago. Our May 2023 cover story will profile some of todays top female aftermarket professionals sparking change. 630 views, 32 likes, 2 loves, 2 comments, 4 shares, Facebook Watch Videos from The Parts Authority: We had a great time at recent Bosch Auto Parts service center expo in San Diego --honored to have. This information is available in the PitchBook Platform. "TJC has been an excellent partner to Parts Authority over the past several years as we have continued to expand our footprint in the U.S. through new greenfield locations and acquisitions," said Randy Buller. LAKE SUCCESS, N.Y., Oct. 1, 2020 /PRNewswire/ -- Parts Authority (or the "Company"), a leading national distributor of automotive aftermarket parts and a portfolio company of The Jordan. Get the full list, Morningstar Institutional Equity Research, Co-Founder, President & Chief Executive Officer, Executive Vice President & Chief Financial Officer, Executive Vice President, Human Resources & Chief Talent Officer. Parts Authority, founded in 1972, is a leading national distributor of automotive replacement parts, tools/equipment and transmissions. MORE+ Feb 21, 2023 3 used To explore Parts Authoritys full profile, request access. Contact Information Website www.partsauthority.com Formerly Known As Clearway Automotive Ownership Status Privately Held (backing) For more information visit www.Pronto-Net.com. The suggested 'solution' is always for you to work harder, or longer, etc. Android Authority has an estimated net worth of about $100 thousand. The combination of Parts Authority and Eastern will expand the national distribution footprint of The Jordan Co.s auto parts distribution platform. The Parts Authority Jul 1984 - Present38 years 8 months Education University at Albany, SUNY Bachelor's degreeAccounting 1978 - 1980 More activity by Randy With Quality-Built to last and. Our estimate only uses one revenue source though. Bullers video announcement came with a challenge the #coronadonorchallenge by which he tagged several other industry leaders to step up the plate. This rating has improved by 22% over the last 12 months. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. A lender may be approved for both Title I and Title II programs. Parts Authority's existing management team, led by CEO Randy Buller, will continue to lead the company and remain significant owners of the business. Parts Authority (PA) is a distributor of nearly 500,000 SKUs of automotive and truck parts, tools and equipment, and transmissions to the automotive aftermarket industry. No commission, was great when it was family owned now its corporate. including net worth schedule Net worth schedule (audited) Supervised lenders Stand-alone bank Bank N/A Bank Bank Bank 40% of consolidated entity; no guarantee by parent Advance Auto Parts will receive primary branding on the checkered flag used at all 17 INDYCAR races in 2023. The Company's most targeted sectors include distribution (80%) and automotive (20%).. Join Mergr and gain access to Parts Authority's M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the distribution sector. Please use the #oursharedstory hashtag on social media to help spread the word on the many creative and inspiring ways this industry is keeping connected during this challenging time. Parts Authority serves customers in the United States. The Parts Authority is a distributor of automotive and truck parts. Android Authority's net worth may possibly be higher than $100 thousand. Find out more about, 56% of Parts Authority employees would recommend working there to a friend, Get started with your Free Employer Profile, not communicated timely or efficiently Upper Management. Their pay isnt competitive, the computer syste, they use is outdated and well, just seriously outdated. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Headquartered in Lake Success, New York, Parts Authority is the leading distributor of automotive and truck parts to the automotive aftermarket industry in the U.S. National Auto Parts Warehouse Acquires Star Hahn Automotive Warehouse to Acquire Prime Auto Plus Joins Aftermarket Auto Parts Alliance. Over its 33-year history, Kohlberg has completed 81 platform investments and approximately 200 add-on acquisitions, with an aggregate transaction value in excess of $25 billion. Parts Authority (PA) is a distributor of nearly 500,000 SKUs of automotive and truck parts, tools and equipment, and transmissions to the automotive aftermarket industry. parts authority net worth. "We believe the Company is well positioned to continue on an accelerated growth trajectory through a highly successful organic and acquisition-driven strategy. Parts Authority is headquartered in Long Island, New York. Recession Risk 56% of Parts Authority employees would recommend working there to a friend based on Glassdoor reviews. The new automotive aftermarket parts facility will support local independent businesses across the island. Personalize which data points you want to see and create visualizations instantly. Senior Vice President and General Counsel, Vice President Head of Financial Planning & Analysis, Vice President, Sales National Accounts (East). PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. The company has clearly established itself as a leading national distributor within the automotive aftermarket. When they bought our store they have unrealistic expectations. Sales in 2022 were $22.1 billion, a 17.1% increase from $18.9 billion in 2021. Since its inception in 1987, Kohlberg has organized nine private equity funds, through which it has raised over $10 billion of committed equity capital. Discover (and save!) According to anonymously submitted Glassdoor reviews, Parts Authority employees rate their compensation and benefits as 2.6 out of 5. 43. Headquartered in Long Island, New York, Parts Authority is rapidly . This rating reflects the overall rating of Parts Authority and is not affected by filters. 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This is useful in estimating the financial strength and credit risk of the company. The Jordan Co., a private equity firm that specializes in buying and building companies in partnership with the existing owners and management teams, has invested a majority stake in the business through its automotive parts distribution platform. take responsibility for the people below them, try to set reasonable goals and provide the tools to achieve them, and do whatever they can to empower them to help grow along with the company. Know some Good People we should highlight right now? Active, Closed, Whether an Organization is for profit or non-profit, Auto-generated name of transaction (e.g. The company offers truck p, t aliquip ex ea commodo consequat. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. All rights reserved. Effort and perseverance have assisted him to achieve success. LAKE SUCCESS, N.Y., Oct. 1, 2020 /PRNewswire/ --Parts Authority (or the "Company"), a leading national distributor of automotive aftermarket parts and a portfolio company of The Jordan Company ("TJC"), announced today the signing of a definitive agreement for the acquisition of a majority stake in the Company by Kohlberg & Company, LLC ("Kohlberg").
