Acquisitions and Divestitures

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Acquisitions and Divestitures

Acquisitions and Divestitures

Acquisitions

The Company acquired several businesses for approximately $20,874 and $153,200, net of cash acquired, during the three months ended March 31, 2020 and March 31, 2019, respectively. The measurement period is still open for certain businesses acquired in prior periods, but there have been no significant measurement period adjustments during the three months ended March 31, 2020.

Divestitures

Grupo Auto Todo

On March 7, 2019, the Company sold all of its equity in Grupo Auto Todo, a Mexican subsidiary within the Automotive Parts Group. Grupo Auto Todo contributed annual revenues of approximately $15,900 for the year ended December 31, 2019. The Company incurred realized currency losses of $27,037 from this transaction during the three months ended March 31, 2019. These losses are included in the line item “other” within non-operating (income) expenses on the condensed consolidated statements of income and comprehensive income.

SPR Canada and Safety Zone Canada

On January 1, 2020 and March 2, 2020, the Company sold all its equity in SPR Canada and Safety Zone Canada, respectively. SPR Canada and Safety Zone Canada were both Canadian subsidiaries within the Business Products Group. SPR Canada and

Safety Zone Canada contributed annual revenues of approximately $47,300 and $7,900, respectively, for the year ended December 31, 2019.