CarParts.com Closes Transaction to Transition Manila Captive Operations to Lean Solutions Group for New Efficiencies and Long-Term Savings

CarParts.com (NASDAQ: PRTS) closed a transaction to transfer its Manila captive operations to Lean Staffing Solutions, a subsidiary of Lean Solutions Group, effective Jan 27, 2026.

Rhea-AI Summary

CarParts.com (NASDAQ: PRTS) closed a transaction to transfer its Manila captive operations to Lean Staffing Solutions, a subsidiary of Lean Solutions Group, effective Jan 27, 2026. Under a Stock Purchase Agreement and Master Services Agreement, Lean acquired 100% of CarParts.com (Philippines) and will operate Customer Service, Back Office, Finance, Marketing, and Technology teams.

The move aims to streamline operations, sharpen focus on the U.S. distribution network, and provide Manila employees broader training and career mobility via Lean Solutions Group's nearly 10,000 global workforce. Financial terms were not disclosed.

Positive

• 100% subsidiary sale completed (CarParts.com (Philippines) fully acquired)
• Transaction closed on January 27, 2026
• Access to Lean's ~10,000 employees for training and career mobility

Negative

• Financial terms not disclosed, limiting investor transparency
• Operational control transferred as Lean will operate Manila teams under an MSA

Argus Jan 28 session

+1.20% close to close Open Argus

Details

News Market Reaction – PRTS

In the Jan 28 session, PRTS gained 1.20%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement shifts CarParts.com’s Manila captive operations to Lean Solutions Group under a St...

Analysis

This announcement shifts CarParts.com’s Manila captive operations to Lean Solutions Group under a Stock Purchase Agreement and Master Services Agreement, with LSG acquiring 100% of the Philippine subsidiary. The move is framed around efficiency, focus on the U.S. distribution network, and improved career paths for Manila staff. In the broader context of recent restructuring, strategic investment, and an effective S-3 registering 32,458,060 resale shares, investors may watch execution, service continuity, and any margin impact from the new structure.

Key Figures

Current price: $0.5318 1-day price change: -0.97% 52-week high: $1.40 +5 more

Current price

$0.5318

Prior close before Manila transition news

1-day price change

-0.97%

Move over last 24 hours before publication

52-week high

$1.40

52-week trading range high

52-week low

$0.3724

52-week trading range low

Stake sold

100%

Shares of CarParts.com (Philippines) Inc. acquired by Lean Solutions Group

Lean Solutions headcount

nearly 10,000 employees

Size of Lean Solutions Group supporting global operations

Closing date

January 27, 2026

Transaction closing for Manila operations transition

Publication date

January 28, 2026

Announcement of Manila transition completion

Historical Context

5 past events · Latest: Nov 10

5 events

1. Nov 10

   Q3 2025 earnings

   24h Move

   +1.7%

   Net sales and margin declines with continued net loss and restructuring.

2. Oct 31

   Earnings call reschedule

   24h Move

   -4.1%

   Change in third quarter conference call date without new financial details.

3. Oct 21

   Call scheduling

   24h Move

   -4.7%

   Announcement of timing for Q3 2025 earnings conference call.

4. Oct 15

   Conference attendance

   24h Move

   -1.6%

   Participation in LD Micro Main Event XIX for investor outreach.

5. Oct 08

   Board transitions

   24h Move

   +0.8%

   Board changes following strategic investment by new partners.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

stock purchase agreement, master services agreement, ai-enabled

3 terms

stock purchase agreement financial

"closed a transaction pursuant to a Stock Purchase Agreement and a Master Services Agreement"

A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.

master services agreement financial

"pursuant to a Stock Purchase Agreement and a Master Services Agreement under which it will transition"

A master services agreement is a standing contract that sets the main terms, responsibilities, pricing framework and processes for future work between two parties, allowing individual projects or orders to be added later without renegotiating core terms. For investors, it signals predictability and reduced legal friction around revenue streams and costs—like a subscription plan for services that makes future income and obligations easier to forecast and value.

ai-enabled technical

"Lean Solutions Group (LSG), a global leader in AI-enabled business operations solutions."

AI-enabled describes a product, service, or process that uses artificial intelligence—software that learns from data and makes decisions or predictions—as a core feature rather than a minor add-on. For investors it matters because AI-enabled offerings can boost productivity, lower costs or unlock new revenue streams; like adding a smart autopilot to a routine task, they can change a company's growth potential and competitive edge while also bringing higher upfront investment needs and distinct regulatory or ethical risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORRANCE, Calif., Jan. 28, 2026 /PRNewswire/ -- CarParts.com (NASDAQ: PRTS), a technology-driven leader in the automotive aftermarket, today announced that it has closed a transaction pursuant to a Stock Purchase Agreement and a Master Services Agreement under which it will transition its Manila-based captive operations to Lean Staffing Solutions, Inc., a subsidiary of Lean Solutions Group (LSG), a global leader in AI-enabled business operations solutions. This transaction is intended to support greater operational focus and expanded opportunities for CarParts.com's Manila team.

Under the agreement, Lean Solutions Group has acquired 100% of the issued and outstanding shares of CarParts.com (Philippines) Inc., and, under the Master Services Agreement, Lean Solutions Group will operate the Manila organization, including its teams across Customer Service, Back Office, Finance and Accounting, Marketing, and Technology. Financial terms were not disclosed.

David Meniane, CEO of CarParts.com, said, "Over the years, our Manila organization has grown to hundreds of employees, which requires a significant operational footprint. With the meaningful investments CarParts.com has made in proprietary tools, AI, and modern workflow systems, we are now able to operate more efficiently, streamline processes, and support our people with technology that reduces repetitive tasks and allows them to focus on work that draws on their skills and experience."

The move is intended to streamline CarParts.com's operations, reduce complexity, and enable the organization to focus more intently on its U.S.-based distribution network, supply chain investments, technology innovation, and customer experience initiatives.

By partnering with Lean Solutions Group, a best-in-class operator and global organization with nearly 10,000 employees, the Manila-based team supporting CarParts.com is expected to have access to greater career mobility, deeper training resources, and broader long-term growth opportunities.

"We are thrilled to welcome CarParts.com's Manila team into Lean Solutions Group," said Jack Freker, CEO of Lean Solutions Group. "These individuals bring tremendous talent and experience, and we look forward to supporting them as they continue to deliver strong results."

The transaction closed on January 27, 2026, with both organizations committed to maintaining service continuity and supporting employees throughout the change.

Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding expected operational efficiencies, complexity reduction, anticipated cost savings, and expected benefits to employees and operations. These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including risks related to service transition and continuity, employee retention, realization of anticipated cost savings and efficiencies, and execution and integration challenges. Additional risks and uncertainties are described in CarParts.com's filings with the Securities and Exchange Commission. CarParts.com undertakes no obligation to update any forward-looking statements, except as required by law.

About CarParts.com

CarParts.com, Inc. is a technology-led ecommerce company offering over 1 million quality automotive parts and accessories. Operating for over 25 years, CarParts.com has established itself as a premier destination for drivers seeking repair, maintenance, and upgrade solutions. Taking a customer-first approach, we deliver a seamless, mobile-friendly shopping experience across our website and app. With a commitment to delivering exceptional value backed by our nationwide, company-operated distribution network, fast shipping and experienced customer service team, CarParts.com aims to eliminate the uncertainty and stress often associated with vehicle maintenance and repair. The company operates CarParts.com and a portfolio of private-label and marketplace brands, including CarParts Wholesale, JC Whitney, Garage-Pro, Evan Fischer, and more. For more information, visit CarParts.com. CarParts.com is headquartered in Torrance, California.

About Lean Solutions Group

Lean Solutions Group is a global business services provider delivering scalable, high-performance nearshore and offshore solutions across logistics, transportation, retail, e-commerce, and corporate support functions. With a strong presence in the Philippines and Latin America, Lean Solutions Group supports some of the world's most recognized brands with world-class operational capabilities.

CarParts.com Media Relations:
media@carparts.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/carpartscom-closes-transaction-to-transition-manila-captive-operations-to-lean-solutions-group-for-new-efficiencies-and-long-term-savings-302670776.html

SOURCE CarParts.com, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CarParts.com (PRTS) announce about its Manila operations on January 28, 2026?

CarParts.com announced the transfer of its Manila operations to Lean Solutions Group, completed January 27, 2026. According to the company, Lean acquired 100% of CarParts.com (Philippines) and will operate customer service, back office, finance, marketing, and technology teams.

How will the Master Services Agreement affect CarParts.com (PRTS) Manila teams?

The MSA places Manila teams under Lean Solutions Group operational control while maintaining service continuity. According to the company, Lean will operate multiple functions and provide broader training and career mobility through its global organization.

Did CarParts.com (PRTS) disclose financial terms for the Manila transaction?

No, CarParts.com did not disclose financial terms for the transaction. According to the company, the agreements were executed but the purchase price and financial details were not released.

When did the transaction to transition Manila captive operations for PRTS close?

The transaction closed on January 27, 2026. According to the company, both organizations committed to maintaining service continuity and supporting employees through the change.

What strategic reasons did CarParts.com (PRTS) give for the Manila transition to Lean?

CarParts.com said the move is intended to streamline operations and reduce complexity to focus on U.S. distribution and technology innovation. According to the company, AI and workflow investments enable the streamlined approach.

What employee benefits did CarParts.com (PRTS) cite from joining Lean Solutions Group?

CarParts.com expects Manila employees to gain access to broader training, career mobility, and resources from Lean's global network. According to the company, Lean has nearly 10,000 employees and deeper training capabilities.