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Grand Auto Supply

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Adapted from the English Wikipedia article Grand Auto Supply, available under CC BY-SA 4.0Updated 9 August 202542 sources


CSK Auto, Inc.
  • Checker
  • Schuck's
  • Kragen
  • Murray's
FormerlyNorthern Automotive (1987–1993)
Founded1987; 39 years ago (1987) originally as Northern Automotive
DefunctTemplate:End date and age (brands phased out within three years post-acquisition)
FatePurchased by O'Reilly Auto Parts
HeadquartersPhoenix, Arizona, United States
Number of locations
1,349 (2008)[1]
Area served
Western United States
WebsiteArchive of CSK Auto corporate site at the Wayback Machine (archived July 27, 2008)

CSK Auto, Inc. operated as a specialized retailer of automotive parts and accessories within the western region of the United States. Headquartered in Phoenix, Arizona, the company went public in March 1998 and expanded through both acquisitions and internal growth strategies. In 2008, it was acquired by O'Reilly Automotive.[1] The company’s name was derived from the initials of its three main auto parts chains: Checker Auto Parts, Kragen Auto Parts, and Schuck's Auto Supply.[2]

Operations

As of January 29, 2006,Template:Fix/category[clarification needed] CSK managed a total of 1,273 retail locationsTemplate:Fix/category[citation needed] across 22 states ranging geographically from Hawaii to Ohio, with the majority concentrated in the Western United States. The company’s retail outlets were operated under four distinct brand identities:

During the mid-2000s, CSK managed five value-oriented retail outlets under the Pay N Save brand near Phoenix, Arizona. These stores focused on selling tools, hardware, sporting goods, housewares, seasonal merchandise, and other household items. To boost tool sales, CSK introduced six combined auto parts and tool stores across Michigan, Colorado, Washington, and Arizona. The Pay N Save operations were discontinued on August 26, 2007.

CSK engaged in sponsorships across major league baseball markets within its trading regions,[3] supported the 2Xtreme Racing monster truck team and sponsored Del Worsham’s funny car in the National Hot Rod Association (NHRA). CSK held the title of Official Auto Parts Store for the NHRA.[4][5]

The company catered to both do-it-yourself ("DIY") customers—those who personally handle vehicle maintenance and repairs—and commercial installers or do-it-for-me ("DIFM") clients. The DIY segment formed the core foundation of CSK’s business model. Meanwhile, the DIFM clientele included professional auto repair shops, fleet operators, government agencies, and municipal entities.

Retail History

CSK Auto emerged through a succession of acquisitions within the automotive parts industry.

In October 1971, Lucky Stores completed a stock exchange acquisition of Kragen Auto Supply, which operated 11 locations.[6] Later, in March 1978, Lucky further expanded by acquiring Checker Auto Parts through its purchase of Yellow Front Stores and their parent company, Valley Distributing, for $45.9 million in stock.[7]

The Pay 'n Save discount retail chain acquired Schuck's Auto Supply, which consisted of 58 stores, in December 1983.[8] This transaction was finalized on January 1, 1984,[9] with a stock valuation of $68.9 million.[10] In September of the same year, Eddie and Julius Trump of The Trump Group (unrelated to Donald Trump or The Trump Organization) assumed control of the company.[11][12] The following year marked the beginning of Pay 'n Save’s divestiture of non-essential operations. By November 1985, Pay 'n Save spun off Bi-Mart, Lamonts, and Schuck's to establish Northern Pacific Corporation.[13]

In early December 1986, Lucky Stores revealed plans to sell its Checker Auto Parts and Kragen Auto Parts divisions to Northern Pacific Corporation—which already operated Schuck's—for $155 million. This consolidated organization managed a total of 95 Schuck's outlets across Oregon, Washington, and Idaho; 175 Kragen locations in California and Nevada; and 202 Checker stores spanning twelve Western states.[14] Following the acquisition, the automotive division briefly operated under the name Checker/Schuck's/Kragen before rebranding as Northern Automotive.[15] The entire transaction was finalized within three weeks after its announcement.[16]

By February 1988, Northern Automotive expanded further by acquiring Perry Drug Stores’ Auto Works chain—comprising 252 locations in Michigan, Illinois, Indiana, Wisconsin, Kentucky, Missouri, and West Virginia. This deal also encompassed an automated distribution center located in Dayton, Ohio intended to facilitate Schuck's brand expansion into Kansas City.[15] Eventually in November 1993, Northern Automotive divested the Auto Works chain—including its network of 159 stores across Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio and West Virginia—to Hahn Automotive Warehouse for $13 million in cash.[17][18]

In October of 1996, Investcorp secured a controlling stake in CSK Auto (previously Northern Automotive)[19] following CSK’s unsuccessful attempt at an initial public offering earlier that July.[20][21] By December of the following year CSK filed with the SEC to proceed with an IPO.[22] The company’s shares debuted on the market in March of 1998.[23]

CSK Auto expanded its footprint through both acquisitions and a strategy focused on building new stores and enlarging existing ones.[24] In late1997 , CSK took over81 Trak Auto locations in Southern California and rebranded them under the Kragen name with corresponding product assortments.[25][26] This acquisition contributed to a highly productive fiscal year in1998 , during which annual revenues surpassed the $1 billion mark for the first time; additionally that year saw130 stores either opened anew or expanded or relocated.

In June1999 , CSK acquired86 Big Wheel/Rossi Auto Parts outlets spread across Minnesota , North Dakota , and Wisconsin.[27] By August that year CSK operated926 stores throughout17 states under various banners including Checker , Schuck's , Kragen , and Big Wheel/Rossi .[28] In October , CSK completed the purchase of194 Al's and Grand Auto Supply locations situated across Washington , California , Idaho , Oregon , Nevada , and Alaska .[29][30][31]

In January2000 , CSK partnered with Advance Auto Parts to launch PartsAmerica.com—an online platform offering automotive parts and accessories nationwide across all50 states.[32] To bolster its presence in the Northern Plains region,in April CSK purchased All-Car Distributors—which operated21 stores in Wisconsin plus one location in Michigan—under the Checker brand.[33][34]

By December2005 , CSK expanded further through its acquisition of Murray’s Inc., including its subsidiary Murray’s Discount Auto Stores. The acquisition added110 retail locations specializing in automotive parts and accessories across Michigan , Illinois , Ohio , and Indiana while preserving the Murray’s brand identity and operational approach.[35]

In September2006 , CSK announced the termination of its chief operating officer and chief administrative officer positions amid an internal inquiry that uncovered discrepancies within the company’s accounting procedures; concurrently CEO Maynard Jenkins declared his retirement.[36] Subsequently,on March5 ,2009,the Securities and Exchange Commission (SEC) filed a civil injunction against four former senior executives at CSK related to accounting fraud spanning fiscal years2002 through2004.[37][38] In November2011,Jenkins was ordered to return $2.8 million related to bonuses and stock earnings.[39]

On April1 ,2008,O'Reilly Automotive entered into an agreement to acquire all outstanding common stock of CSK for roughly one billion dollars—including approximately$500 million (~${{Format price Template:Inflation index US-GDP value500000000 start year2008}} adjusted for inflation)—which included debt obligations. At that time CSK operated a total of1,349 stores across22 states under banners such as Checker Auto Parts,S chuck'sAuto Supply,KragenAuto Parts,and Murray's DiscountAuto Stores.[1] The acquisition was completed on July11 ,2008.[40][41] Beginning in2009,O'Reilly initiated a phased rebranding effort converting CheckerAutoParts,S chuck'sAutoSupply,and KragenAutoParts locations into O'ReillyAutoParts stores; this process concluded by2011.[42]

References

  1. ↑ 1.0 1.1 1.2 Fineman. "o'Reilly Automotive to Buy CSKAuto for$528 Million". Bloomberg . {{cite news}}: |archive-url= requires |archive-date= (help); Cite has empty unknown parameters: |1=, |2=, |4=, |8=, |9=, |11=, |3=, |6=, and |12= (help); Text "archive-date November26 ,2014" ignored (help); Text "date April1 ,2008" ignored (help); Text "first Josh" ignored (help); Text "url-status dead" ignored (help)
  2. ↑ "CSK Auto expects $100M from IPO". Discount Store News. 35 (15). New York. August 5, 1996. Template:ProQuest. Retrieved 2024-09-11.
  3. ↑ "CSK Auto Offers 'Ultimate Baseball Road Trip'". Business Wire (Press release). June 25, 2007 – via The Free Library.
  4. ↑ "NHRA sponsors". Archived from the original on 1999-08-24. Retrieved 2012-01-28.
  5. ↑ "NHRA sponsors". Archived from the original on 2008-05-15. Retrieved 2012-01-28.
  6. ↑ "Lucky Stores Acquisition Accord". Wall Street Journal. October 27, 1971. p. 14. Template:ProQuest.
  7. ↑ "Lucky Stores, Valley Distributing Agree On Merger Proposal". Wall Street Journal. March 31, 1978. p. 36. Template:ProQuest.
  8. ↑ "Pay'n Save Bid". The New York Times. December 8, 1983. Retrieved September 11, 2024.
  9. ↑ "Schuck's Head Bullish On Pay 'n Save Merger". The New York Times. December 27, 1983. Template:ProQuest. Retrieved September 11, 2024.
  10. ↑ "Pay 'n Save Corp. Acquires Schuck's Auto Supply Inc". Wall Street Journal. January 30, 1984. p. 12. Template:ProQuest.
  11. ↑ "Bid Withdrawn For Pay'n Save". The New York Times. September 13, 1984. Retrieved September 11, 2024.
  12. ↑ "Trump Group Lifts Pay'n Save Bid". The New York Times. September 14, 1984. Retrieved September 11, 2024.
  13. ↑ "Pay 'n Save divisions spun off". Seattle Times. November 1, 1985. p. D7. Template:ProQuest.
  14. ↑ "Lucky to Sell Car Parts Unit". The New York Times. December 2, 1986. Retrieved September 11, 2024.
  15. ↑ 15.0 15.1 Halverson, Richard C. (February 15, 1988). "Schuck's Group buys Auto Works - Northern Automotive, formerly Checker-Schuck's-Kragen". Discount Store News. Archived from the original on May 18, 2005. Retrieved September 11, 2024.
  16. ↑ "Lucky Stores Inc. Sells Gemco, Checker Units For $595 Million". Wall Street Journal. December 24, 1986. p. 1. Template:ProQuest.
  17. ↑ "Business Brief -- Hahn Automotive Warehouse Inc.: Auto Works to Be Acquired From Northern Retail Corp". Wall Street Journal. November 1, 1993. Template:ProQuest.
  18. ↑ Hahn Automotive Warehouse 10Q. U.S. Securities and Exchange Commission (Report). December 31, 1996.
  19. ↑ "INVESTCORP AGREES TO BUY 51% OF CSK AUTO". The New York Times. October 9, 1996. Template:ProQuest. Retrieved September 10, 2024.
  20. ↑ "CSK Auto expects $100M from IPO". Discount Store News. Vol. 35, no. 15. August 5, 1996. p. 6. Template:ProQuest.
  21. ↑ "Specialty watch; CSK Auto aborts plan to go public". Discount Store News. Vol. 35, no. 20. October 21, 1996. p. 6. Template:ProQuest.
  22. ↑ "Auto Parts Seller CSK Plans Stock Offering". Los Angeles Times. 1997-12-31. Retrieved 2024-09-11.
  23. ↑ Chervitz, Darren (March12 ,1998). "IPO Daily Report: CSK Auto rises18 %in debut". Market Watch. Retrieved September11 ,2024. {{cite news}}: Check date values in: |access-date= and |date= (help)
  24. ↑ =1fkDAAAAIBAJ&pg =6942%2C255080 "Checker Auto to be bought by Schuck's". Spokane Chronicle. Associated Press. December2 ,1986. p. A13 – via Google News Archive. {{cite news}}: Check |url= value (help); Check date values in: |date= (help); Text "(Washington)" ignored (help)
  25. ↑ "Trak Auto to Sell80 California Stores". Los Angeles Times. October8 ,1997. {{cite news}}: Check date values in: |date= (help)
  26. ↑ "CSK buys Trak Auto's So. Calif. stores". Phoenix Business Journal. December10 ,1997. {{cite news}}: Check date values in: |date= (help)
  27. ↑ /19990630 /press025951.html "CSK Auto Corporation Completes Acquisition of Big Wheel/Rossi Auto Parts Stores". The Auto Channel . July1 ,1999. Retrieved 2024 -09 -11. {{cite news}}: Check |url= value (help); Check date values in: |access-date= and |date= (help)
  28. ↑ /1999 /08 /24 /business/company-news-csk-auto-to-buy-paccar-s-parts-subsidiary.html "COMPANY NEWS; CSK AUTO TO BUY PACCAR'S PARTS SUBSIDIARY". The New York Times . August24 ,1999. Retrieved September10 ,2024. {{cite news}}: Check |url= value (help); Check date values in: |access-date= and |date= (help)
  29. ↑ /1999 /08 /24 /business/company-news-csk-auto-to-buy-paccar-s-parts-subsidiary.html "CSK Auto To Buy Paccar's Parts Subsidiary". The New York Times . August24 ,1999. {{cite news}}: Check |url= value (help); Check date values in: |date= (help)
  30. ↑ /press/date /19990823 /press028686.html "CSK Auto Corporation to Acquire Grand Auto Supply and Al's Auto Supply". The Auto Channel . August23 ,1999. {{cite news}}: Check |url= value (help); Check date values in: |date= (help)
  31. ↑ Lane, Polly (August23 ,1999). /19990823 /2978949/eastside-business "Eastside Business -- Paccar To Sell Auto-Parts Unit , Focus On Trucks". {{cite news}}: |archive-url= is malformed: path (help); Check |url= value (help); Check date values in: |date= (help)
  32. ↑ /technology/csk_auto_and_advance_auto_parts_partner_with_sequoia_capital "CSK Auto and Advance Auto Parts Partner With Sequoia Capital". Tech Monitor . 2000 -01 -09. Retrieved 2024 -09 -11. {{cite news}}: Check |url= value (help); Check date values in: |access-date= and |date= (help); Cite has empty unknown parameters: |1=, |2=, |4=, |5=, |3=, and |6= (help)
  33. ↑ /press/date /20000313 /press010162.html "CSK Auto Corporation to Acquire All-Car Distributors , Inc". The Auto Channel . March13 ,2000. {{cite news}}: Check |url= value (help); Check date values in: |date= (help); Cite has empty unknown parameters: |2=, |3=, |1=, and |4= (help)
  34. ↑ /449390401 / "CSK Auto Corporation to Acquire All-Car - ProQuest" (Press release). CSK Auto Corporation. March13 ,2000. Template:ProQuest. Retrieved 2024 -09 -11 – via PR Newswire . {{cite press release}}: Check |url= value (help); Check date values in: |access-date= and |date= (help); Cite has empty unknown parameters: |7=, |1=, |2=, |4=, |5=, |3=, and |6= (help)
  35. ↑ "CSK Auto Corp. Completes Purchase of Murray's Discount Auto Stores". Aftermarket News. December20 ,2005. Retrieved September11 ,2024. {{cite news}}: Check date values in: |access-date= and |date= (help); Cite has empty unknown parameters: |1=, |2=, |4=, |5=, and |3= (help)
  36. ↑ /2006 /09 /29/business /29parts.html "Car Parts Maker Fires Officers After Inquiry". The New York Times . September29 ,2006. Retrieved September11 ,2024. {{cite web}}: Check |url= value (help); Check date values in: |access-date= and |date= (help); Cite has empty unknown parameters: |1=, |2=, |4=, |5=, and |3= (help)
  37. ↑ /2009/lr20933a.htm "Martin G. Fraser , Don W. Watson , Edward W. O'Brien , and Gary M. Opper: Lit. Rel. No.20933A / March6 ,2009". Securities and Exchange Commission. March6 ,2009. Retrieved 2012 -01 -28. {{cite web}}: Check |url= value (help); Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameters: |1=, |2=, |4=, |5=, and |3= (help)
  38. ↑ /2009/comp21149.pdf "Complaint for Violations for of Section304 of the Sarbanes-Oxley Act of2002 - Case2:09-cv-01510-JWS / July22 ,2009" (PDF). Securities and Exchange Commission. July22 ,2009. Retrieved 2012 -01 -28. {{cite web}}: Check |url= value (help); Check date values in: |accessdate= and |date= (help); Cite has empty unknown parameters: |1=, |2=, |4=, |5=, and |3= (help)
  39. ↑ Protess, Ben (2011 -11 -15). "S.E.C. Claws Back $2.8 Million From CSK Executive". DealBook. Retrieved 2024 -09 -11. {{cite web}}: Check date values in: |access-date= and |date= (help); Cite has empty unknown parameters: |7=, |1=, |2=, |4=, |8=, |5=, |3=, and |6= (help)
  40. ↑ "o'ReillyAuto completes exchange offer forCSKA uto". {{cite news}}: Cite has empty unknown parameters: |2=, |3=, |1=, and |5= (help); Text "date July11 ,2008" ignored (help); Text "work Chain Store Age" ignored (help)
  41. ↑ "o'Reilly Acquires More Than90 Percent ofCSK Common Stock; Short Form Merger to Follow". {{cite news}}: Cite has empty unknown parameters: |2=, |3=, |1=, and |5= (help); Text "date July14 ,2008" ignored (help); Text "work Aftermarket News" ignored (help)
  42. ↑ The Motley Fool http://www.fool.com/investing/general/2011/04/29/can-o'reilly-keep-its-growth-up.aspx. {{cite news}}: Cite has empty unknown parameters: |7=, |1=, |2=, |4=, |9=, and |5= (help); Missing or empty |title= (help); Text "date April29 ,2011" ignored (help); Text "first Andrew" ignored (help); Text "last Bond" ignored (help); Text "title Can O'Reilly Keep Its Growth Up?" ignored (help)

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