It offers vacuum pump, cooler, engine boot, filter cap, injector cup, sleeve, water separator, valve, diesel coverage, sensor equipment, and more. Understanding Intermediate Shafts: What are they and what do they do? Menu and widgets 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. Reducing your total liabilities will. Kohlberg & Company has agreed to acquire a majority interest in Parts Authority, a distributor of automotive aftermarket parts, from The Jordan Company. The firm was founded in 1982 and is headquartered in New York City with an additional office in Chicago. 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. All rights reserved. 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 Sales of $10.2 billion in 2022 represented an increase of $1.2 billion or 14 percent over last year. The Parts Authority acquired by Kohlberg & Company, Name of the organization that made the acquisition, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Thomas Sanders PinsWith innovative design and a long cattle history, we have been able to deliver cattle handling systems tha. 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. The company offers truck parts, transmission parts, batteries, suspension parts, gaskets and other automotive parts to service centers, jobbers, fleets and national accounts as well as in the e-commerce channel. Trademarks may include brand names, product names, logos and slogans. Parts Authority also established a fund to allow other senior management and team members to donate to the extent they are willing and able. To explore Parts Authoritys full profile, request access. Eastern Warehouse Distributors is a two-step distributor focused on inventory, service and people. 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. Type Subsidiary Status Active Founded 1972 HQ New Hyde Park, NY, US | view all locations Website http://partsauthority.com Glassdoor has 136 Parts Authority reviews submitted anonymously by Parts Authority employees. Parts Authority, founded in 1973, is a leading national distributor of automotive and truck parts to the aftermarket auto parts industry in the United States, serving customers in the commercial channel, including service centers, jobbers, fleets, and national accounts as well as in the e-commerce channel. DMA Industries Earns OReilly Content & Omni Channel Award, GB Remanufacturing Donates to Local, National Organizations, OReilly Auto Parts Names Mevotech Supplier of the Year, Photo Gallery: NPW 10th Annual Million Dollar Vendor Dinner, Juwan Willis Sr. Named Instructor of the Year, Amalie Oil Named OReilly 2022 Supplier Of The Year, Nominations Now Open For AMNs 2023 Women At The Wheel, Winhere Honors 2022 Sales Rep of the Year. Parts Authority Headquarters 3 Dakota Drive Suite 110 New Hyde Park, New York11042 833-380-8511 Driving Directions Parts Authority Summary ABOUT Overview Parts Authority is a New York-based distributor of aftermarket automotive replacement parts, tools, transmissions and accessories. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europe's Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Pros & Cons are excerpts from user reviews. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Parts Authority is headquartered in Long Island, New York. Harris Williams served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Parts Authority and Cowen served as an advisor to the board. Willis Sr. was honored with the ASE Education Foundation Byrl Shoemaker Instructor of the Year Award. 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. Financial terms of the transaction were not disclosed. West Lane and Wheel Launch New Platform, Rainier Reaches Hard Cap Peak on Inaugural Fund, Secondaries Investor Northleaf Closes on $1.3 Billion, Kainos Raises Over $1 Billion for Fund III, Flip Electronics Acquires Resurgent Semiconductor, Fort Point Stays Busy with Buy of Yandell. Parts Authority, founded in 1972, is a leading national distributor of automotive replacement parts, tools and equipment. 43. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 56% of employees would recommend working at Parts Authority to a friend and 49% have a positive outlook for the business. 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. Now people from all walks of life have started evaluating his merits. 20. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Parts Authority is a celebrity who is now a viral topic on the internet. YEARS. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Telling people they need to have their google stuff on their personal phone was laughable, you dont pay me for my off time. Employees also rated Parts Authority 2.8 out of 5 for work life balance, 2.9 for culture and values and 3.0 for career opportunities. Effort and perseverance have assisted him to achieve success. There is a right and a wrong in the universe, and that distinction is not hard to make. With both Parts Authority and Eastern Warehouse Distributors under the umbrella of The Jordan Co., the two management teams will be working on ways to help drive efficiencies, economies of scale and best use in business practices to deliver value to their customers and employees. Kohlberg & Company, LLC ("Kohlberg") is a leading private equity firm headquartered in Mount Kisco, New York. Parts Authority serves customers in the United States. Parts Authority, founded in 1972, is a leading national distributor of automotive replacement parts, tools/equipment and transmissions. There is a strong firewall and commitment from both Parts Authority and Eastern to their respective groups not to share any confidential group information, said Thorne. The Jordan Company is a middle-market private equity firm that invests in a range of industries including industrials, transportation and logistics, healthcare, consumer, telecom, technology, and utilities. 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;. Here's a list of some of the top trending technologies and APIs used by Parts Authority. Headquartered in Lake Success, New York, Parts Authority has approximately 100 locations in New York, New Jersey, Maryland, Washington D.C.,Georgia, Ohio, Arizona and California. Cision Distribution 888-776-0942 Effective immediately, I am donating my salary for the rest of this year to help the Parts Authority family endure during these difficult times.. As a result, he has risen to become one of the worlds wealthiest people. Today, the company has over 200 locations across the Northeast, Mid-Atlantic, Ohio, Georgia, Florida, Texas, Arizona, California, Utah, and the Pacific Northwest. parts authority net worth. Find More Contacts for The Parts Authority. Compare how recession-proof Parts Authority is relative to the industry overall. I am pleased to say that I continue to maintain a significant share of the overall company and will continue to run Eastern. Harris Williams was the financial advisor to Parts Authority while Stifel was the lead financial advisor to Kohlberg. Parts Authority raised a total of $700 M in funding over 2 rounds. 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, Washington DC, Virginia, Ohio, Georgia, Florida, Texas, Arizona, California, Oregon, Washington, Massachusetts, and now Utah. Contact Information Website www.partsauthority.com Formerly Known As Clearway Automotive Ownership Status Privately Held (backing) The Company has clearly established itself as a leading national distributor within the automotive aftermarket," said Evan Wildstein, Partner of Kohlberg. Steve Thorne, CEO and owner of Eastern Warehouse Distributors, aka Auto Parts Warehouse, announced that the business has taken on a financial partner. Android Authority's net worth may possibly be higher than $100 thousand. Georgia's primary deepwater ports are located in Savannah and Brunswick, supplemented by two inland container trans-load facilities, with a third to open in 2021. Kohlberg & Co. To Acquire Majority Stake In IMC Acquired from AutoZone by Parts Authority. No commission, was great when it was family owned now its corporate. 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. . The fact that Parts Authority is a member of the National Pronto Association, while Eastern is a member of Aftermarket Auto Parts Alliance, is no cause for concern, said Thorne. While the actor makes the . The company will remain Eastern Warehouse Distributors, aka AutoParts Warehouse. Kohlberg & Company was founded in 1987 and is based north of New York City in Mt. Who is Parts Authority Headquarters 3 Dakota Dr Ste 110, New Hyde Park, New York, 11042, United States Phone Number (833) 380-8511 Website www.partsauthority.com Revenue $774.4M Industry Automobile Parts Stores Retail Parts Authority's Social Media Is this data correct? One of the most successful, and controversial, athletes of his generation, Alex Rodriguez quietly built a real estate empire over two decades. The new automotive aftermarket parts facility will support local independent businesses across the island. Regardless of you job title there's always something to do. The best lead when the plan falls apart. Robin Sharma. The Parts Authority operates as a distributor 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 as well as in the e-commerce channel. Their pay isnt competitive, the computer syste, they use is outdated and well, just seriously outdated. Anyone can lead when the plan is working. 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. National Auto Parts Warehouse Acquires Star Hahn Automotive Warehouse to Acquire Prime Auto Plus Joins Aftermarket Auto Parts Alliance. The Parts Authority | 7,922 followers on LinkedIn. Their collective support will help us continue with our goals. PA's customers include independent installers, national fleets, jobbers, and e-tailers. Determine whether Parts Authority grew or shrank during the last recession. The Parts Authority operates as a distributor of automotive and truck parts to the aftermarket auto parts industry. The company will demand a lot of your time. 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. Know some Good People we should highlight right now? There will be no changes in the way we conduct our business or to the management and personnel that have made this company the leader in our region, added Thorne.