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O’REILLY AUTOMOTIVE, INC. EXPANDS INTO CANADA WITH THE ACQUISITION OF GROUPE DEL VASTO
By Isabelle Havasy
In a significant expansion into the Canadian market, O’Reilly Automotive, Inc., a prominent player in the automotive aftermarket industry, has announced its definitive stock purchase agreement to acquire Groupe Del Vasto, headquartered in Montréal, Canada. This acquisition, expected to be completed by January 2024, marks O’Reilly’s entrance into the Canadian automotive aftermarket, where Groupe Del Vasto, operating as Vast-Auto Distribution, has been a successful entity for over 35 years.
Greg Johnson, CEO of O’Reilly, emphasized the alignment in core values between the two companies, both priding themselves on hard work and excellent customer service. Vast-Auto, a family-owned business, boasts an extensive network comprising two distribution centres, six satellite warehouses, 23 company-owned stores, numerous independent partners, and a broad service reach across Eastern Canada.
O’Reilly’s Co-President, Brad Beckham, highlighted the continued operation of Vast-Auto under its current management, led by Mauro Cifelli, aiming for growth and profitability. Cifelli expressed enthusiasm about the acquisition, seeing it as an opportunity for expansion and alignment of cultural values.
John Del Vasto, founder of Groupe Del Vasto, voiced confidence in O’Reilly safeguarding Vast-Auto’s legacy, citing similarities in heritage and a bright future under the new ownership. This strategic move indicates O’Reilly’s continued growth in North America, as it welcomes over 500 Vast-Auto team members into its family.
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