Fisher Auto Parts And KOI Auto Parts Announce Merger

KOI Auto Parts President Dave Wesselman announced that “Fisher Auto Parts will acquire controlling interest in KOI Auto Parts effective April 1, 2014 at which point there should be minimal visible changes to customers, suppliers and team members. By obtaining outside investment and partnering up with great people; we plan to take customer service to another level as we implement our strategy of moving Forward in ’14.”

“KOI is excited about this merger with all our employees getting the opportunity of a lifetime to grow both professionally and personally,” Wesselman said. “Our management team remains in place and all 1,000 plus team members have retained their positions. It was very important to KOI’s Board of Directors that all of our employees retain their jobs and have the advancement opportunities this merger provides.”

Fisher Auto Parts now has 470 locations plus over 100 independent jobbers in 18 states. CEO Bo Fisher stated, “For decades, we’ve considered Dave Wesselman and his team as close allies, friends and Federated members. They have some of the most talented people in the aftermarket as demonstrated by their impressive results. This subsidiary division will continue to operate under Dave Wesselman’s leadership and retain the advantages that customers appreciate. As we visited each location, we couldn’t have been more impressed by the capable people at every level. Our combined companies are committed to constantly improving in every area with the ultimate goal of enhancing customer service, providing opportunity to team members and significantly growing volume with our important supplier partners.”

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