{"id":95050,"date":"2026-02-19T17:31:56","date_gmt":"2026-02-19T20:31:56","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/893831627"},"modified":"2026-02-19T17:31:56","modified_gmt":"2026-02-19T20:31:56","slug":"king-spalding-steers-automotive-and-industrial-parts-business-separation","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/19\/king-spalding-steers-automotive-and-industrial-parts-business-separation\/","title":{"rendered":"King & Spalding steers automotive and industrial parts business separation"},"content":{"rendered":"

\"King The separation is set to enhance each individual company\u2019s standing in their respective markets. <\/span> <\/p>\n

The separation is set to enhance each individual company\u2019s standing in their respective markets. <\/strong><\/p>\n

International law firm King & Spalding<\/a> has advised automotive and industrial parts distributor Genuine Parts Company on its separation into two distinct publicly traded companies. Its Automotive Parts Group will trade as Global Automotive under the NAPA brand, while its Industrial Parts Group will trade as Global Industrial, and operate under the Motion brand. The split was announced on 17 February.<\/p>\n

The King & Spalding advisory team included corporate, finance and investments partners Cal Smith, Erik Belenky and Rob Leclerc.<\/p>\n

Headquartered in Atlanta, Genuine Parts Company provides automotive and industrial replacement parts and value-added solutions. Its Automotive Parts Group covers North America, Europe and Australasia, while its Industrial Parts Group operates across North America and Australasia.<\/p>\n

The strategic separation will enable each business to stand as leaders within their individual markets, establish separate, focussed management teams, support the companies\u2019 financial flexibility and facilitate long-term investment.<\/p>\n

The Genuine Parts Company executive team will remain the same, with company names, executive teams and boards of directors for Global Automotive and Global Industrial to be announced in due course.<\/p>\n

Chair-elect and CEO of Genuine Parts Company Will Stengel said of the transaction: “Genuine Parts Company has a proud history of evolving with our markets for nearly a century. Over the past decade, we established leading global footprints in attractive geographies, simplified our business mix and accelerated strategic investments to advance and differentiate our business. Creating two focused, independent companies sharpens customer and market alignment, increases clarity and speed, simplifies operations and enables disciplined, business-specific investments to unlock long-term value.”<\/p>\n

Genuine Parts Company took financial guidance from J.P. Morgan and Guggenheim Securities while Collected Strategies offered strategic communications advice.<\/p>\n

The separation is due to complete in quarter one 2027, subject to the satisfaction of customary closing conditions, and is expected to qualify as a tax-free transaction for federal tax purposes for company shareholders.<\/em><\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… King & Spalding has advised automotive<\/span> and industrial parts distributor Genuine … distinct publicly traded companies. Its Automotive<\/span> Parts Group will trade as … Atlanta, Genuine Parts Company provides automotive<\/span> and industrial replacement parts and …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-95050","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/95050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=95050"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/95050\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=95050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=95050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=95050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}