Genuine Parts Company to Split into Two Public Companies

Genuine Parts Company, a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced its intention to separate the company into two independent, publicly traded companies, one comprising its Automotive Parts Group (“Global Automotive”) and the other comprising its Industrial Parts Group (“Global Industrial”). The transaction is expected to be completed in the first quarter of 2027, subject to satisfaction of customary conditions, including final approval from the GPC Board and filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission.

The business separation is the result of a comprehensive strategic and operational review of market opportunities, in-flight initiatives and business structure considerations across Global Automotive and Global Industrial. A press release announcing the transaction can be found here.

The King & Spalding M&A and Capital Markets team advising Genuine Parts Company includes Cal Smith, Erik Belenky, Rob Leclerc and Zack Davis.