The Frank Edwards Co., a longtime Parts Plus WD based in West Valley City, Utah, has purchased the assets of fellow Parts Plus member KAPS Warehouse Inc., including its two 20,000-square-foot distribution facilities in Blackfoot and Boise, Idaho, and 11 company-owned stores, according to Mike Lambert, president of the Automotive Distribution Network.
“Over the last few years, the automotive aftermarket has experienced a great deal of consolidation, and the same occasionally holds true for the Network,” Lambert said. “This should be a seamless transition for both parties, as the Frank Edwards Co. will build upon the foundation established by KAPS by continuing to provide the Network’s top marketing programs and support to independent jobbers and service dealers from East to West Idaho.”
KAPS Warehouse, which originated in 1945, was the first WD to join the Network following the consolidation of Parts Plus and IAPA in 2005. As neighboring companies, KAPS and the Frank Edwards Co. have worked closely as allies — not as competitors — over the last eight years. Casey Sponenburgh, the son of retiring KAPS president and CEO Bill Sponenburgh, will continue to serve as vice president of Idaho Operations, working with Bruce Hart, president and CEO of the Frank Edwards Co.
“This is an acquisition that makes sense on many levels, as the Frank Edwards Co. continues to expand its Parts Plus footprint into markets where the brand is established as a leader throughout the area,” Hart said.
Operating under the brands of Parts Plus, IAPA, Auto Pride and CMB, the Automotive Distribution Network is one of the largest, most diverse program groups in the industry. For more information, contact Bob Barstow at Network Headquarters, 3085 Fountainside Drive, Suite 210, Germantown, Tenn., 38138. (901) 682-9090.
Subscribe to Aftermarket Business World and receive articles like this every month….absolutely free. Click here.
