Autopart International Acquires Steinway Auto Parts #pegasus #auto #racing

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Autopart International Acquires Steinway Auto Parts

December 18, 2012 12:00 AM

NORTON, Mass. Autopart International has acquired all assets of Hempstead, N.Y.-based Steinway Auto Parts Inc.

Steinway has provided automotive parts to the commercial market for more than 40 years. Like Autopart International, Steinway focuses on delivering high-quality parts and service to the professional technician. Steinway services its customers from six locations in Manhattan, Queens and Long Island. The addition of these stores will bring the Autopart International store count to 218, up from 197 at the beginning of 2012.

Once privately owned, Autopart International was itself acquired in 2005, by Advance Auto Parts. Founded in 1957, the company today has more than 200 stores and more than 2,900 employees.

As a long-term customer of Autopart International s National Sales Division, Steinway already distributes some Autopart International product lines to its customers.

Steinway s commitment to delivering quality parts and professional service is in perfect alignment with our value proposition of premium parts and expert service, said Jim Durkin, president of Autopart International. Culturally, the Steinway organization puts a high value on people and relationships, making this a great fit for us. Frank Festa, owner of Steinway, will continue to lead the team in this market and will be responsible for overseeing our expansion there. It is a great pleasure to welcome Frank, Steinway s experienced team and their valued customers to the Autopart International family.

We are really pleased to join the Autopart International team, Festa added. Steinway has been very successful as a private company serving the commercial aftermarket. We will now have the resources as part of Autopart International to invest in additional inventory and provide even greater service to our customers.

Our business models and cultures are similar, we believe that Steinway s dedicated team of professionals coupled with the depth of inventory and quality parts from Autopart International is a winning combination for our customers in the area, Durkin added.

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