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Advance Auto Parts - The history
Arthur Taubman bought the Advance Stores from Pep Boys, with two stores in Roanoke, Virginia and one in Lynchburg, Virginia in April 1932.
The first significant enlargement of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, auto parts, and general store retailer. Several of the Western Auto operations had been taken over by Sears, Roebuck, and Co. in 1987.
Advance Auto Parts purchased Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Mississippi in April 2001. On November 28, Advance obtained Discount Auto Parts, Inc., a local auto parts chain with 671 stores in Florida, Georgia, South Carolina, Alabama, and Louisiana. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. The year ended with 2,484 stores in 38 states.
Advance Auto Parts got bankruptcy court approval to obtain 57 Trak Auto stores in Washington, DC, northern Virginia, and eastern Maryland in July 2002.
In Sept. 2006, Advance Auto Parts published an agreement with ADMMicro, a VA-based company, to retrofit some existing stores and equip new stores with an Energy Management System (EMS).
