SUBSEQUENT EVENT

12 Months Ended

Dec. 31, 2023

Subsequent Event

Subsequent Event

NOTE 19 – SUBSEQUENT EVENT

On December 18, 2023, the Company announced that it had entered into a definitive stock purchase agreement with the shareholders of Groupe Del Vasto, an auto parts supplier headquartered in Montreal, Quebec, Canada, under which O’Reilly would acquire all of the outstanding shares of Groupe Del Vasto and its affiliated entities.  In January of 2024, the Company completed the acquisition of Groupe Del Vasto.  At the time of the acquisition, Groupe Del Vasto operated two distribution centers and six satellite warehouses that support a network of 23 company-owned stores and thousands of independent jobber and professional customers across Eastern Canada.  The results of Groupe Del Vasto’s operations will be included in the Company’s consolidated financial statements and results of operations beginning on the date of acquisition.  Pro forma results of operations related to the acquisition of Groupe Del Vasto have not been presented as Groupe Del Vasto’s results are not material to the Company’s results of operations.