Overview
- Genuine Parts will separate its automotive aftermarket business (NAPA) and its industrial distribution arm (Motion) into two independent, publicly traded companies targeted for completion in Q1 2027.
- The transaction is structured to be tax‑free, does not require a shareholder vote, and remains subject to board approval and SEC registration.
- Investor days for each standalone company are planned for the second half of 2026, with transition work under way to shift shared IT, sourcing and back‑office functions.
- The automotive division generated more than $15 billion in 2025 sales with about $1.2 billion in EBITDA and operates over 10,000 locations globally plus more than 20,000 NAPA Auto Care centers in North America.
- The industrial division produced roughly $9 billion in 2025 sales with over $1.1 billion in EBITDA, offering 10 million SKUs to more than 180,000 customers, as GPC reported Q4 sales of $6 billion and a $609 million net loss driven by about $825 million in one‑time charges including a $742 million pension settlement.