This afternoon we had the pleasure of hosting an investor call with GPC’s Tim Walsh and Sid Jones. We covered a lot of good material – I have three pages of notes! Too much to share here, but here are some highlights.
Genuine Parts Company has a global footprint, and they’re growing. They’re currently in 17 countries, with over 10,600 locations and 58,000 employees. Tim told us they intend to grow “both organically and inorganically”. Smaller, bolt-on acquisitions are always on their radar and they’re also comfortable making larger moves, too, like their 2022 acquisition of Kaman for $1.3B. It sounds like that was a very successful transaction, with the speed of integration and synergies exceeding expectations.
The company is utilizing their size and scale – “One GPC” has produced real results for them. It’s their way of leveraging their talent, resources, values, and everything else, across the globe. This is important because while they’re a major player in the space, the TAM (Total Addressable Market) is significant – estimated to be around $350B between their two business lines. Sounds like a lot of opportunity.
We want to thank Tim, Sid, and the entire Genuine Parts Company team for their support. As a minority firm, hosting events like this is meaningful in helping us build our business and support our mission. Sid will be retiring in the next couple of months, and all of us at Roberts & Ryan wish him all the best!
