Genuine Parts plans to separate into two independent companies

Genuine Parts (GPC) announced its intention to separate the company into two independent, publicly traded companies, one comprising its Automotive Parts Group and the other comprising its Industrial Parts Group. The transaction, which is targeted for completion in the first quarter of 2027, is expected to qualify as a tax-free transaction for U.S. federal tax purposes to Genuine Parts Company shareholders. The business separation is the result of a strategic and operational review of market opportunities, in-flight initiatives and business structure considerations across Global Automotive and Global Industrial. Global Automotive generated more than $15B in sales, and $1.2B of EBITDA in 2025. Global Industria generated approximately $9B in sales, and more than $1.1B of EBITDA in 2025. There are no changes to the GPC executive team. The company names, executive teams and boards of directors for Global Automotive and Global Industrial will be announced at a later date. The transaction is expected to be completed in the first quarter of 2027, subject to satisfaction of customary conditions, including final approval from the GPC board and filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission. The separation does not require shareholder approval.