Micksgarage.com sells to $18.8B car parts giant Genuine Parts
What's the deal? Micksgarage.comDealroom has a profile for this one. Try Dealroom →, the Irish e-commerce business founded by brothers Ciaran and Mick Crean, is being sold to Alliance Automotive Group UK & IrelandDealroom has a profile for this one. Try Dealroom → for €9.5 million. The buyer is a wholly owned subsidiary of the New York Stock Exchange-listed Genuine Parts CompanyDealroom has a profile for this one. Try Dealroom → (GPC), one of the world's largest automotive parts companies.
Who's involved? MicksgarageDealroom has a profile for this one. Try Dealroom →.com started in 2003 in Mick Crean's bedroom in Co Mayo and grew into a household name in Ireland. GPC, founded by the Fraser brothers in 1928, carries a market capitalisation of $18.8 billion (€16.1 billion) and employs 65,000 people across 10,800 locations.
The signal: The deal folds a homegrown Irish online retailer into a global parts distribution network, a familiar path as large operators absorb regional e-commerce players to expand their reach.
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