CSK Auto, Inc. was a specialty retailer of automotive parts and accessories in the western United States. CSK Auto became a publicly traded company in March 1998, headquartered in Phoenix, Arizona, and grew through a combination of acquisitions and organic growth. It was acquired in 2008 by O'Reilly Automotive.[1]
CSK Auto, Inc.
Founded
1992; 31 years ago (1992)
Defunct
April 1, 2008; 15 years ago (2008-04-01) (brands phased out and eliminated within 3 years of purchase)
As of January 29, 2006, CSK operated 1,273 stores in 22 states spanning from Hawaii to Ohio, with principal concentration of stores in the Western United States. CSK operated its stores under four brand names:
Checker Auto Parts, founded in 1969 in Phoenix, Arizona by Jacob Edward Henegar, with 442 stores in the Southwestern, Rocky Mountain, and Northern Plains states and Hawaii.
Schucks Auto Supply, founded in 1917, with 226 stores in the Pacific Northwest and Alaska.
Kragen Auto Parts, founded in 1947 by Al Kragen. Kragen Auto Parts had 493 stores, primarily in California.
Murray's Discount Auto Stores, founded in 1972, with 112 stores in the Upper Midwest.
In the mid-2000s, CSK operated five value concept retail stores under the Pay N Save brand name in and around Phoenix, Arizona. These stores sold primarily tools, hardware, sporting goods, housewares and other household goods, and seasonal items. To try and increase the tool business CSK built six stores that combined both auto parts and tools in Michigan, Colorado, Washington, and Arizona. The company ceased operations of the Pay N Save stores on August 26, 2007.
CSK sponsored major league baseball in major markets throughout its trade areas,[2] the 2Xtreme Racingmonster truck team and the funny car driven by Del Worsham in the National Hot Rod Association. CSK was designated the Official Auto Parts Store of the NHRA.[3][4]
CSK served both the do-it-yourself ("DIY") and the commercial installer, or do-it-for-me ("DIFM"), customer. The DIY market, which comprises customers who typically repair and maintain vehicles themselves, was the foundation of the business. The DIFM market comprised auto repair professionals, fleet owners, governments and municipalities.
HistoryEdit
CSK Auto experienced growth through a combination of acquisitions and a program of store construction and expansion.[5] In 1997, CSK acquired 81 Trak Auto stores in Southern California, converting them to the Kragen name and product mix.[6][7] This led to an extremely productive year in 1998, as annual sales broke the $1-billion barrier for the first time, and the company opened, expanded, or relocated a total of 130 more stores.
In June 1999, CSK added 86 more Checker stores in the Northern Plains states by acquiring the Big Wheel/Rossi Auto Parts chain, and in October of that year CSK completed its acquisition of 194 Al's and Grand Auto Supply stores in Washington, California, Idaho, Oregon, Nevada, and Alaska,[8][9][10] solidifying its position as a retailer of automotive aftermarket parts and accessories in the western United States. To strengthen its position in the Northern Plains states, in April 2000, CSK purchased All-Car Distributors, operators of 21 stores in Wisconsin and one in Michigan.[11][12] These stores operated under the Checker banner.
On December 19, 2005, CSK announced it had completed the purchase of Murray's, Inc. and its subsidiary, Murray's Discount Auto Stores. The 110 Murray's automotive-part and accessory retail stores in Michigan, Illinois, Ohio and Indiana retained the Murray's name and operating model.
On April 1, 2008, O’Reilly Automotive, Inc. signed a deal to acquire all of CSK's common stock for approximately one billion dollars, including $500 million of debt.[1] Starting in 2009, O'Reilly gradually rebranded Checker Auto Parts, Schucks Auto Supply, and Kragen Auto Parts stores as O'Reilly Auto Parts stores during a multi-year process that was finally completed in 2011.[13]
On March 5, 2009 the SEC filed a civil injunction against 4 former members of CSK Auto. The former members were charged with accounting fraud for the years of 2002, 2003, and 2004.[14][15]
ReferencesEdit
^ abFineman, Josh (April 1, 2008). "O'Reilly Automotive to Buy CSK Auto for $528 Million". Bloomberg. Archived from the original on November 26, 2014.
^"CSK Auto Offers 'Ultimate Baseball Road Trip'". Business Wire (Press release). June 25, 2007 – via The Free Library.
^. Archived from the original on 1999-08-24. Retrieved 2012-01-28.
^. Archived from the original on 2008-05-15. Retrieved 2012-01-28.
^"Checker Auto to be bought by Schuck's". Spokane Chronicle. (Washington). Associated Press. December 2, 1986. p. A13.
^"Trak Auto to Sell 80 California Stores". Los Angeles Times. October 8, 1997.
^"CSK Auto To Buy Paccar's Parts Subsidiary". The New York Times. August 24, 1999.
^"CSK Auto Corporation to Acquire Grand Auto Supply and Al's Auto Supply". The Auto Channel. August 23, 1999.
^Lane, Polly (August 23, 1999). "Eastside Business -- Paccar To Sell Auto-Parts Unit, Focus On Trucks". The Seattle Times.
^"CSK Auto Corporation to Acquire All-Car Distributors, Inc". The Auto Channel. March 13, 2000.
^"CSK Auto Corporation to Acquire All-Car Distributors, Inc" (Press release). PR Newswire. March 13, 2000. Link via ProQuest.
^Bond, Andrew (April 29, 2011). "Can O'Reilly Keep Its Growth Up?". The Motley Fool.
^"Martin G. Fraser, Don W. Watson, Edward W. O'Brien, and Gary M. Opper: Lit. Rel. No. 20933A / March 6, 2009". Securities and Exchange Commission. March 6, 2009. Retrieved 2012-01-28.
^"Complaint for Violations for of Section 304 of the Sarbanes-Oxley Act of 2002 - Case 2:09-cv-01510-JWS / July 22, 2009" (PDF). Securities and Exchange Commission. July 22, 2009. Retrieved 2012-01-28.
auto, specialty, retailer, automotive, parts, accessories, western, united, states, became, publicly, traded, company, march, 1998, headquartered, phoenix, arizona, grew, through, combination, acquisitions, organic, growth, acquired, 2008, reilly, automotive, . CSK Auto Inc was a specialty retailer of automotive parts and accessories in the western United States CSK Auto became a publicly traded company in March 1998 headquartered in Phoenix Arizona and grew through a combination of acquisitions and organic growth It was acquired in 2008 by O Reilly Automotive 1 CSK Auto Inc Founded1992 31 years ago 1992 DefunctApril 1 2008 15 years ago 2008 04 01 brands phased out and eliminated within 3 years of purchase FateAcquired by O Reilly Auto PartsHeadquartersPhoenix Arizona United StatesWebsiteArchive of CSK Auto corporate site at the Wayback Machine archived July 27 2008 Contents 1 Operations 2 History 3 References 4 External linksOperations EditAs of January 29 2006 CSK operated 1 273 stores in 22 states spanning from Hawaii to Ohio with principal concentration of stores in the Western United States CSK operated its stores under four brand names Checker Auto Parts founded in 1969 in Phoenix Arizona by Jacob Edward Henegar with 442 stores in the Southwestern Rocky Mountain and Northern Plains states and Hawaii Schucks Auto Supply founded in 1917 with 226 stores in the Pacific Northwest and Alaska Kragen Auto Parts founded in 1947 by Al Kragen Kragen Auto Parts had 493 stores primarily in California Murray s Discount Auto Stores founded in 1972 with 112 stores in the Upper Midwest In the mid 2000s CSK operated five value concept retail stores under the Pay N Save brand name in and around Phoenix Arizona These stores sold primarily tools hardware sporting goods housewares and other household goods and seasonal items To try and increase the tool business CSK built six stores that combined both auto parts and tools in Michigan Colorado Washington and Arizona The company ceased operations of the Pay N Save stores on August 26 2007 CSK sponsored major league baseball in major markets throughout its trade areas 2 the 2Xtreme Racing monster truck team and the funny car driven by Del Worsham in the National Hot Rod Association CSK was designated the Official Auto Parts Store of the NHRA 3 4 CSK served both the do it yourself DIY and the commercial installer or do it for me DIFM customer The DIY market which comprises customers who typically repair and maintain vehicles themselves was the foundation of the business The DIFM market comprised auto repair professionals fleet owners governments and municipalities History EditCSK Auto experienced growth through a combination of acquisitions and a program of store construction and expansion 5 In 1997 CSK acquired 81 Trak Auto stores in Southern California converting them to the Kragen name and product mix 6 7 This led to an extremely productive year in 1998 as annual sales broke the 1 billion barrier for the first time and the company opened expanded or relocated a total of 130 more stores In June 1999 CSK added 86 more Checker stores in the Northern Plains states by acquiring the Big Wheel Rossi Auto Parts chain and in October of that year CSK completed its acquisition of 194 Al s and Grand Auto Supply stores in Washington California Idaho Oregon Nevada and Alaska 8 9 10 solidifying its position as a retailer of automotive aftermarket parts and accessories in the western United States To strengthen its position in the Northern Plains states in April 2000 CSK purchased All Car Distributors operators of 21 stores in Wisconsin and one in Michigan 11 12 These stores operated under the Checker banner On December 19 2005 CSK announced it had completed the purchase of Murray s Inc and its subsidiary Murray s Discount Auto Stores The 110 Murray s automotive part and accessory retail stores in Michigan Illinois Ohio and Indiana retained the Murray s name and operating model On April 1 2008 O Reilly Automotive Inc signed a deal to acquire all of CSK s common stock for approximately one billion dollars including 500 million of debt 1 Starting in 2009 O Reilly gradually rebranded Checker Auto Parts Schucks Auto Supply and Kragen Auto Parts stores as O Reilly Auto Parts stores during a multi year process that was finally completed in 2011 13 On March 5 2009 the SEC filed a civil injunction against 4 former members of CSK Auto The former members were charged with accounting fraud for the years of 2002 2003 and 2004 14 15 References Edit a b Fineman Josh April 1 2008 O Reilly Automotive to Buy CSK Auto for 528 Million Bloomberg Archived from the original on November 26 2014 CSK Auto Offers Ultimate Baseball Road Trip Business Wire Press release June 25 2007 via The Free Library NHRA sponsors Archived from the original on 1999 08 24 Retrieved 2012 01 28 NHRA sponsors Archived from the original on 2008 05 15 Retrieved 2012 01 28 Checker Auto to be bought by Schuck s Spokane Chronicle Washington Associated Press December 2 1986 p A13 Trak Auto to Sell 80 California Stores Los Angeles Times October 8 1997 CSK buys Trak Auto s So Calif stores Phoenix Business Journal December 10 1997 CSK Auto To Buy Paccar s Parts Subsidiary The New York Times August 24 1999 CSK Auto Corporation to Acquire Grand Auto Supply and Al s Auto Supply The Auto Channel August 23 1999 Lane Polly August 23 1999 Eastside Business Paccar To Sell Auto Parts Unit Focus On Trucks The Seattle Times CSK Auto Corporation to Acquire All Car Distributors Inc The Auto Channel March 13 2000 CSK Auto Corporation to Acquire All Car Distributors Inc Press release PR Newswire March 13 2000 Link via ProQuest Bond Andrew April 29 2011 Can O Reilly Keep Its Growth Up The Motley Fool Martin G Fraser Don W Watson Edward W O Brien and Gary M Opper Lit Rel No 20933A March 6 2009 Securities and Exchange Commission March 6 2009 Retrieved 2012 01 28 Complaint for Violations for of Section 304 of the Sarbanes Oxley Act of 2002 Case 2 09 cv 01510 JWS July 22 2009 PDF Securities and Exchange Commission July 22 2009 Retrieved 2012 01 28 External links Edit Arizona portal Companies portalO Reilly Auto Parts CSK Auto corporate site at the Wayback Machine archived July 27 2008 Retrieved from https en wikipedia org w index php title CSK Auto amp oldid 1149402749, wikipedia, wiki, book, books, library,
