Carquest Auto Parts is a subsidiary of Advance Auto Parts, Inc., a major player in the North American automotive aftermarket parts industry. The company's extensive network includes 5,100 company-operated stores, 127 Worldpac branches, and around 1,250 independently owned Carquest-branded stores across various locations. A significant employer, Advance boasts about 70,000 Team Members.
Established in 1974, Carquest Auto Parts, with the slogan "When every mile counts. Locally owned and community driven," caters to both the do-it-yourself and professional installer markets. This customer-focused approach aligns with the industry's trend towards personalized service and community engagement.
Currently, the company does not have publicly available information about its latest investment round or the participating investors. At this stage, it would be interesting to observe how Carquest leverages its established presence to capitalize on evolving industry dynamics and consumer preferences.
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