Jun. 26, 2018Marubeni Corporation
On June 25, XL Parts, LLC (hereinafter, “XLP”), a subsidiary of MAIHOIII, LLC (hereinafter, “MAIHOIII”), which is itself a wholly owned subsidiary of Marubeni Corporation (hereinafter, “Marubeni”), acquired the assets of Full Service Auto Parts of San Antonio, Inc. (hereinafter, “FSAP”).
XLP provides B2B automotive parts distribution services mainly in the Houston and Dallas-Fort Worth areas in Texas. XLP has forged a strong sales platform with a huge inventory of over 150,000 types of automotive parts and a total of 83 locations; the acquisition increases the number of locations to 95. XLP aims to strengthen its logistics network by expanding into San Antonio, the third largest city in Texas.
Furthermore, since 2017, Marubeni has invested in a company called TPH Holdings, LLC (hereinafter, "TPH"), which operates its 42 locations primarily in Jacksonville, Florida through MAIHOIII. Together, XLP and TPH have 137 locations.
Marubeni aims to further expand its business scale by strengthening existing locations and expanding its sales network in the growing market of automotive parts sales, mainly in the southern region of the United States.
<Outline of XLP>
<Outline of FSAP>
<Outline of TPH>
