CSK acquisition
10-K - Feb 28, 2012
Effective July 11, 2008, the Company acquired CSK, which was one of the largest specialty retailers of auto parts and accessories in the Western United States and one of the largest such retailers ...
SE‑ClusterEnvironmental Services
Tear SheetSource: SEC EDGAR
O Reilly Automotive Inc
ORLYActiveCIK 898173 · Consumer & Specialty Distribution
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, ORLY filings, SEC EDGAR
$77,780
Market cap ($MM)
$86,258
Enterprise value ($MM)
$18,206
Revenue · LTM ($MM)
$4,099
EBITDA · LTM ($MM)
23%
EBITDA margin
4.7x
EV / revenue
21.0x
EV / EBITDA
1.4x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01ORLY is a scaled public consolidator in Distribution, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is SHW, POOL, AZO, FAST.
Balance sheet & capacity
Indicative capacity read: 1.4x net debt / EBITDA with EBITDA of $4.1B.
$253
Cash & equiv. ($MM)
$6,195
Total debt ($MM)
$5,943
Net debt ($MM)
1.4x
Net debt / EBITDA
Valuation
Where it trades against its peer set
ORLY versus the scaled public Consumer & Specialty Distribution comparables.
Indexed share-price performance
ORLY versus available Consumer & Specialty Distribution peers and SPY.
+152%
ORLY
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| O Reilly Automotive Inc | ORLY | $18,206 | $4,099 | 23% | $77,780 | $86,258 | 4.7x | 21.0x | 1.4x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
ORLY's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
21
Active years
4
Named deals
10
Avg / active year
5.3
Acq. cash outflow ($MM)
N/A
Banker read
- 01ORLY reads as a programmatic acquirer: 21 disclosed acquisitions across 4 active years, or 5.3 per active year. The chart shows activity in 4 of the last 5 visible years.
- 02In the last three years, the file shows 2 acquisitions versus 2 in the prior three; recent activity is broadly steady versus the prior three-year period.
- 03Spend changes the read: $48.2MM of disclosed spend is concentrated in lumpy years, with FY08 the largest year at $33.8MM. Recent spend is below the prior three-year period.
Annual acquisitions + disclosed spend
count spend named deal
ORLY count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
2 / 2
Last three years is broadly steady vs prior three.
Peak count year
FY08
1 disclosed acquisitions in the peak visible year.
Recent spend
$14.4MM
is down 57% vs prior three; peak FY08 at $33.8MM.
Named evidence
10 rows
48% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Jul 11, 2008 | CSK | Consumer specialty distribution compounders | $542 | Effective July 11, 2008, the Company acquired CSK, which was one of the largest specialty retailers of auto parts and accessories in the Western United States and one of the lar... | 10-K† |
| May 31, 2005 | W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. and combined affiliates | Consumer specialty distribution compounders | $63 | On May 31, 2005, the Company purchased all of the outstanding stock of W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. and combined affiliates (“Midw... | 10-K† |
| May 31, 2005 | W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. | Consumer specialty distribution compounders | $63 | On May 31, 2005, the Company purchased all of the outstanding stock of W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. and combined affiliates (“Midw... | 10-K† |
| Jan 1, 2005 | Midwest Auto Parts Distributors, Inc. | Consumer specialty distribution compounders | $63 | The changes in cash used in investing activities during 2006 were the result of changes in capital expenditures and the $63 million acquisition in 2005 of Midwest Auto Parts Dis... | 10-K† |
| Oct 1, 2001 | Mid-State Automotive Distributors, Inc. | Consumer specialty distribution compounders | $21 | On October 1, 2001, the Company purchased all of the outstanding stock of Mid-State Automotive Distributors, Inc. (Mid-State) for approximately $20.5 million including acquisiti... | 10-K† |
| Jan 22, 2024 | Groupe Del Vasto | Consumer specialty distribution compounders | N/A | On January 22, 2024, the Company completed the previously announced strategic acquisition of Groupe Del Vasto (“Vast Auto”), an auto parts supplier headquartered in Montreal, Qu... | 10-K† |
| Jan 1, 2024 | Groupe Del Vasto | Consumer specialty distribution compounders | N/A | On December 18, 2023, we announced that we had entered into a definitive stock purchase agreement with the shareholders of Groupe Del Vasto, an auto parts supplier headquartered... | 10-K† |
| Nov 29, 2019 | Mayoreo de Autopartes y Aceites, S.A. de C.V. | Consumer specialty distribution compounders | N/A | After the close of business on November 29, 2019, the Company completed the acquisition of Mayoreo de Autopartes y Aceites, S.A. de C.V. (“Mayasa”), a specialty retailer of auto... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 9 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
22
Named deal filings
9
Recent SEC filings
0
Evidence clips
6
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.22 rows+-
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 27, 2026 | Annual M&A 10-K | warning (1 warn) | N/A | $14.4MM | N/A | SEC filing |
| FY2024 | Feb 28, 2025 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2023 | Feb 28, 2024 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2022 | Feb 28, 2023 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2021 | Feb 28, 2022 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2020 | Feb 26, 2021 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2018 | Feb 27, 2019 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2017 | Feb 28, 2018 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2016 | Feb 28, 2017 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2015 | Feb 26, 2016 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2014 | Feb 27, 2015 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2013 | Feb 28, 2014 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2012 | Feb 28, 2013 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2011 | Feb 28, 2012 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2010 | Feb 28, 2011 | Annual M&A 10-K | accepted | 0 | N/A | N/A | SEC filing |
| FY2009 | Feb 26, 2010 | Annual M&A 10-K | warning (1 warn) | 1 | $42.3MM | $542MM | SEC filing |
| FY2008 | Mar 2, 2009 | Annual M&A 10-K | accepted | 1 | $33.8MM | $542MM | SEC filing |
| FY2007 | Mar 3, 2008 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2006 | Mar 1, 2007 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2005 | Mar 15, 2006 | Annual M&A 10-K | accepted | 1 | $63.0MM | $63.0MM | SEC filing |
| FY2004 | Mar 15, 2005 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2003 | Mar 15, 2004 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.9 rows+-
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 28, 2025 | 10-K | Groupe Del Vasto | Annual M&ANamed deals | SEC filing |
| Feb 28, 2024 | 10-K | Groupe Del Vasto | Annual M&ANamed deals | SEC filing |
| Feb 26, 2021 | 10-K | Mayoreo de Autopartes y Aceites, S.A. de C.V. | Annual M&ANamed deals | SEC filing |
| Feb 27, 2019 | 10-K | Bennett Auto Supply, Inc. | Annual M&ANamed deals | SEC filing |
| Feb 28, 2018 | 10-K | Bond Auto Parts | Annual M&ANamed deals | SEC filing |
| Feb 28, 2012 | 10-K | CSK | Annual M&ANamed deals | SEC filing |
| Mar 3, 2008 | 10-K | W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. and combined affiliates; Midwest Auto Parts Distributors, Inc. | Annual M&ANamed deals | SEC filing |
| Mar 1, 2007 | 10-K | W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. | Annual M&ANamed deals | SEC filing |
| Mar 15, 2004 | 10-K | Mid-State Automotive Distributors, Inc. | Annual M&ANamed deals | SEC filing |
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.6 rows+-
Medium
W.E. Lahr Company and Midwest Auto Parts Distributors, Inc. acquisition
10-K - Mar 3, 2008
On May 31, 2005, the Company purchased all of the outstanding stock of W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. and combined affiliates (“Midwest”) for approximat...
W.E. Lahr Company and Midwest Auto Parts Distributors, Inc. acquisition
10-K - Mar 1, 2007
On May 31, 2005, the Company purchased all of the outstanding stock of W.E. Lahr Company and its subsidiary, Midwest Auto Parts Distributors, Inc. and combined affiliates (“Midwest”) for approximat...
Midwest Auto Parts Distributors, Inc.
10-K - Mar 3, 2008
The changes in cash used in investing activities during 2006 were the result of changes in capital expenditures and the $63 million acquisition in 2005 of Midwest Auto Parts Distributors, Inc. (“Mi...
Mid-State Automotive Distributors, Inc.
10-K - Mar 15, 2004
On October 1, 2001, the Company purchased all of the outstanding stock of Mid-State Automotive Distributors, Inc. (Mid-State) for approximately $20.5 million including acquisition costs. Mid-State ...
Groupe Del Vasto
10-K - Feb 28, 2025
On January 22, 2024, the Company completed the previously announced strategic acquisition of Groupe Del Vasto (“Vast Auto”), an auto parts supplier headquartered in Montreal, Quebec, Canada. At the...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.