Federated and Pronto announce merger
National Pronto Association and Federated Auto Parts announced they are merging their efforts and resources. This newly formed organization will be known as “Automotive Parts Services Group,” or simply “The Group.”
Bill Maggs, CEO of Pronto, says, “This association is based on the desire to continually improve services and value for the entire set of Pronto and Federated suppliers, members and customers throughout the aftermarket.
“Recognizing the industry is evolving faster than ever, we wanted to take a proactive stance to lead the traditional automotive distribution channel into the future. Both Pronto and Federated are thriving and growing organizations. By combining two of the major program groups we will be positioned to compete successfully in our rapidly consolidating industry."
Rusty Bishop, CEO of Federated says, “We believe it provides increased value for our constituents and a foundation for continued success in serving the industry. Both Pronto and Federated headquarters will remain in place and continue to support their respective members’ needs and marketing programs while progressing to shared resources in all areas that offer efficiencies and improvement opportunities to remain competitive in a changing market.”
Larry Pavey, president of Federated, says, “Our members have significant investments in our marketing names (Federated and Pronto) plus numerous support programs. We will build on that strong history and are confident we will make a more profound impact in the market working together.”
The combined organization will operate more than 5,000 locations in North America with estimated member revenue of approximately $7 billion.
“The Pronto and Federated affiliation will provide meaningful benefits for our members and vendors,” says Yvan Domingue, chairman of Pronto. “We are always looking for continuous improvement in all areas of our business and this union is a logical next step towards insuring our mutual continued success.”