Posted October 1, 2019

Genuine Parts completes sale of EIS

Genuine Parts Company announced that it has completed the sale of its wholly-owned subsidiary EIS Inc., the Electrical Specialties Group of Motion Industries, to Audax Private Equity, effective Sept. 30, 2019.

"We are very pleased to complete the sale of EIS and take another step forward in our strategy to optimize our portfolio. We want to thank the entire EIS team, whose hard work and dedication made this transaction possible," said Paul Donahue, chairman and chief executive officer of GPC.