Genuine Parts Company

Genuine Parts Company (GPC) stands as one of the world's largest distributors of automotive and industrial replacement parts, with a rich heritage dating back to 1928. Headquartered in Atlanta, Georgia, the company operates over 10,700 locations across 17 countries in North America, Europe, and Australasia, employing more than 60,000 people worldwide. With $23.5 billion in revenue for 2024, GPC serves millions of retail and commercial customers through its two primary business segments: Automotive Parts Group and Industrial Parts Group.

The Automotive Parts Group operates under the iconic NAPA Auto Parts brand in North America, one of the most recognized names in the automotive aftermarket industry. With approximately 3,100 company-owned stores and 1,400 independently owned NAPA stores, plus 18,000+ NAPA Auto Care centers, the company provides comprehensive automotive replacement parts, accessories, and services for cars, trucks, hybrid and electric vehicles, and heavy-duty equipment. NAPA stores offer a vast inventory of over 450,000 parts including batteries, brakes, filters, engine components, and tools, complemented by specialized services such as free battery testing, paint mixing, hydraulic hose assembly, and key cutting.

The Industrial Parts Group, operating primarily as Motion Industries, distributes bearings, mechanical power transmission equipment, electrical and industrial automation products, hydraulic and pneumatic components, and material handling supplies. With approximately 760 locations, Motion serves manufacturers, maintenance operations, and industrial facilities across diverse sectors including food processing, energy, mining, construction, and aerospace. This dual-segment strategy provides GPC with diversification across economic cycles and customer types.

Genuine Parts Company's success stems from its extensive distribution network, strong supplier relationships, and commitment to customer service. The company's sophisticated supply chain and logistics capabilities ensure rapid parts availability, critical for both professional mechanics who need same-day delivery and DIY customers seeking immediate solutions. GPC's scale advantages, brand recognition, and long-standing relationships with original equipment manufacturers and aftermarket suppliers create significant barriers to entry in the highly fragmented automotive and industrial parts distribution markets.

The company has demonstrated strategic discipline through value-creating acquisitions, including the 2012 Alliance Automotive Group purchase that established a European presence, the 2018 CSRA acquisition, and most recently the 2024 acquisition of Motor Parts & Equipment Corporation, adding 181 NAPA stores across the Midwest. GPC maintains a remarkable dividend track record, having increased dividends for 69 consecutive years, demonstrating financial stability and commitment to shareholder returns. As vehicles become more complex with hybrid and electric powertrains, and as industrial automation advances, Genuine Parts Company continues evolving its product mix and technical capabilities to serve changing customer needs.