Wednesday, January 22, 2014

BuyAutoParts.com Gets $18.6M In Private Equity Acquisition

San Diego-based online auto parts retailer BuyAutoParts.com has raised $18.6M in funding, the company said Tuesday. The funding round came from Gladstone Investment Corporation and Gladstone Capital Corporation. According to the online retailer, the funding included $13.0M from Gladstone Investment, with the remainder from Gladstone Capital, giving it an ownership of a portion of BuyAutoParts.com. Specific ownership percentages were not announced. BuyAutoParts.com offers up new, aftermarket new, and remanufactured auto parts. BuyAutoParts.com had previously revealed it had around $34M in revenues in 2012, and had expected to have revenues of around $42M in 2013. More information »

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