US Auto Parts Acquires Whitney Automotive Group

US Auto Parts are hoping to have $110-$120m in revenue in 2011.

US Auto Parts has acquired the Whitney Automotive Group for $27.5m and assumption of approximately $11m in trade-related and other payables

Whitney Automotive Group is expected to have $110 - $120m in revenues under US Auto Parts ownership in 2011.

Silicon Valley Bank has provided the company with acquisition financing totalling $35m.

US Auto Parts is an online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories.

Through the company's network of websites, it provides individual consumers with products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years.