Bapcor

What Bapcor does

Bapcor Limited (ASX: BAP) is Australia's largest automotive aftermarket parts distributor, founded in 1971 and headquartered at Melbourne Airport, Victoria. The company operates across four business segments — Trade, Specialist Wholesale, Retail, and Service — through a portfolio of wholly-owned sub-brands including Burson Auto Parts, Autobarn, AutoPro, Midas, Truckline (commercial vehicles), and BNT (New Zealand). Geographically, Bapcor serves Australia as its core market, with established operations in New Zealand and a foothold in Thailand via a 25% stake in Tye Soon (acquired March 2021). The company employs 5,001–10,000 staff across corporate stores, franchise networks (notably Midas), and direct B2B sales relationships.

The company makes money through a combination of B2B parts distribution (Trade and Specialist Wholesale serving mechanics, workshops, and specialist resellers), B2C retail sales of parts and accessories through Autobarn and other retail brands, and automotive service revenue under franchise and company-owned models (Midas and others). Revenue for H1 FY2026 was AUD 973 million, down 2.3% year-over-year, with FY2026 underlying EBITDA guided to AUD 150–160 million. Technology underpinning the business is primarily operational rather than proprietary: a Supplier Portal exists for purchase order, invoice, and supply-chain interactions, and group IT/digital is overseen by a Chief Technology Officer (Morris Lieberman, joined 2022). No proprietary AI or software platform is publicly described. Pricing is not publicly disclosed; the model operates across trade credit terms, retail markups, and franchise/service fee economics.

Bapcor is currently in a turnaround phase. New CEO Chris Wilesmith (joined January 2026), supported by a refreshed executive team including CFO Kim Kerr (May 2025) and COO & Strategy Officer Angus McDonald (May 2026), has unveiled a four-pillar strategy targeting profitability, cost optimization, capital efficiency, and growth. The company completed a AUD 200 million equity raise in February 2026 at AUD 0.60 per share (a 65% discount) to repay debt and restore covenant headroom (leverage at 3.39x EBITDA versus a 3.5x covenant). The board also rejected a non-binding A$1.83 billion (~US$1.21 billion) takeover proposal from Bain Capital Private Equity in June 2024, choosing to remain independent. A AUD 110.3 million goodwill impairment against New Zealand operations crystallized in H1 FY2026, and gross margins contracted 154bps to 44.9%.

Name

Bapcor

Legal name

Bapcor Ltd

Website

https://bapcor.com.au

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Bapcor Limited is Australia's largest automotive aftermarket parts distributor, operating Trade, Specialist Wholesale, Retail, and Service segments through sub-brands including Burson Auto Parts, Autobarn, AutoPro, Midas, Truckline, and BNT, serving mechanics, workshops, and consumers across Australia, New Zealand, and Thailand.

Ownership category

akta.pro rank

Product category

Automotive Aftermarket Parts Distribution

NAICS

Motor Vehicle Supplies and New Parts Merchant Wholesalers (42312), Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers (4231)

SIC

Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies (5010), Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Automotive Aftermarket Parts Distribution (Light-Duty) (TLAKAOAA)

akta.pro secondary industry

Maintenance, service & repair (MSR) parts distribution (filters, belts, hoses, wipers, fluids) (CRAOANAB)

Keywords

• Automotive aftermarket parts
• Auto parts distribution
• Commercial vehicle parts
• Automotive service network
• Trade parts supply

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Distribution channels4 records

Marketing channels2 records

Core offering

Bapcor distributes automotive aftermarket parts, accessories, tools, and equipment through a portfolio of owned brands operating across four business segments: Trade (Burson Auto Parts), Specialist Wholesale, Retail (Autobarn, AutoPro), and Service (Midas, AutoPro), as well as Truckline for commercial vehicles and BNT in New Zealand. The company supplies trade mechanics and workshops via direct B2B distribution and serves retail consumers through company-owned and franchised stores across Australia, New Zealand, and Thailand.

Product overview

Bapcor is Australia's largest automotive aftermarket parts distributor operating a multi-segment business model comprising Trade, Specialist Wholesale, Retail, and Service divisions. The company distributes automotive parts, accessories, and tools through a portfolio of retail and trade brands including Burson Auto Parts, Autobarn, AutoPro, Midas, Truckline, and BNT (New Zealand). The company operates across Australia, New Zealand, and Thailand, serving both trade professionals (mechanics, repairers) and consumers. Bapcor also provides a Supplier Portal for supply chain management.

Differentiator

Problem solved

Functional benefit

Brands

• Burson Auto Parts: Automotive parts retailer operating in Australia
• Autobarn
• AutoPro
• Midas
• Truckline
• BNT

Products and services

• Trade Distribution (Burson Auto Parts) Specialist automotive parts distribution to professional mechanics, workshops, and trade professionals, including Burson Auto Parts retail and trade locations. Bapcor's primary B2B revenue segment.
• Specialist Wholesale Wholesale distribution of automotive aftermarket parts and accessories to specialist automotive businesses with bulk purchasing options and trade terms.
• Retail (Autobarn) Consumer-facing retail brand selling automotive parts, accessories and tools to vehicle owners through Autobarn stores across Australia.
• AutoPro (Parts & Service) Automotive parts and service brand offering parts supply and workshop services to consumers and trade customers.
• Midas (Automotive Service) Automotive service and repair brand offering mufflers, brakes, and general automotive services under franchise and company-owned models.
• Truckline (Commercial Vehicle Parts) Specialist commercial vehicle and truck parts supplier serving fleet operators, truck workshops, and commercial vehicle businesses.
• BNT (New Zealand Wholesale) New Zealand-based automotive parts wholesale distributor serving the New Zealand market across trade and specialist channels.
• Supplier Portal Online portal enabling suppliers to manage orders, invoices, and supply chain interactions with Bapcor.

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Repco (Genuine Parts Company): Repco is Bapcor's closest Australian competitor in the automotive aftermarket parts distribution market. Both operate trade-focused distribution networks supplying mechanics and workshops across Australia, competing head-to-head for the same professional installer customer base.
• Supercheap Auto: Supercheap Auto is a major Australian automotive aftermarket retailer (owned by Super Retail Group). It directly competes with Bapcor's Autobarn and AutoPro brands in the consumer and small-trade segments for parts, accessories, tools, and related categories.
• GUD Holdings: GUD Holdings is an ASX-listed automotive aftermarket parts manufacturer and distributor (Ryco, Wesfil, Castle). It competes with Bapcor in the Australian MSR parts channel and has comparable exposure to vehicle parc maintenance trends.

Broad incumbents

• Genuine Parts Company (US): Genuine Parts Company owns NAPA Auto Parts and Repco and is the global benchmark for automotive aftermarket parts distribution. While US-centric, its ownership of Repco makes it the most strategic incumbent peer with overlapping distribution model and customer base.
• AutoZone: AutoZone is a US-focused retail auto parts leader with ~7,000 stores, comparable in scale to Bapcor's Australian network. Both operate vertically-integrated distribution and retail models selling replacement parts to DIY and DIFM customers.
• O'Reilly Automotive: O'Reilly is a major US aftermarket parts retailer/distributor with strong trade (professional installer) orientation. The dual DIY/pro mix and distribution-led model make it functionally comparable to Bapcor's multi-segment approach.
• Advance Auto Parts: Advance Auto Parts operates a large North American aftermarket parts distribution and retail platform. While primarily US-focused, it shares the hybrid trade/retail/wholesale model and faces similar EV-transition margin headwinds.

Regional players

• Metcash (MTI): Metcash's automotive/islandME business in Australia competes with Bapcor at the wholesale level. While more diversified beyond auto, it is a relevant regional incumbent for distribution overlap and scale advantages.
• Hellaby Holdings / Parts World: Hellaby Holdings is a New Zealand-based automotive and industrial distribution group (Bapcor acquired it in 2017). Comparable as a regional auto parts distributor in NZ, though now part of the Bapcor Group rather than an independent peer.

Others

• Midas International: Midas is a global automotive service franchise brand. Bapcor owns Midas Australia franchise rights, so the parent brand is an ecosystem/brand licensor rather than a competitor, but provides a model for service-led parts consumption.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bapcor