CarParts.com, Inc. (NASDAQ: PRTS) completed the sale of its Manila‑based captive operations to Lean Solutions Group, Inc. on January 27 2026, and announced the transaction the following day. The deal transferred 100 % of the issued and outstanding shares of CarParts.com (Philippines) Inc. to Lean, which will assume responsibility for the Manila teams in customer service, back‑office, finance and accounting, marketing, and technology under a master services agreement.
The sale is part of CarParts.com’s broader strategy to streamline non‑core functions and focus on its U.S. distribution network, supply‑chain investments, and technology initiatives. By divesting the overseas captive unit, the company aims to reduce operational complexity, create cost efficiencies, and strengthen its balance sheet amid a reduced credit facility and constrained liquidity.
CEO David Meniane said the Manila organization had grown to hundreds of employees and that the partnership will provide the team with greater career mobility, training resources, and continued service continuity. Lean Solutions Group, a global AI‑enabled business services provider with nearly 10,000 employees worldwide, will bring advanced technology platforms to support the transition.
CarParts.com’s recent financial performance underscores the need for the divestiture. In its third‑quarter 2025 earnings, the company reported a net loss of $0.19 per share versus an expected $0.15, and net sales fell 12 % year‑over‑year to $127.8 million. The sale is a cost‑management measure designed to address margin compression and liquidity constraints that have weighed on the company’s financial outlook.
Analysts have noted ongoing challenges with CarParts.com’s top‑line performance but have also highlighted progress in cost‑management efforts. The transaction signals management’s commitment to concentrating resources on core U.S. operations and improving financial health.
The deal is expected to streamline operations, free up capital for strategic investments such as the Las Vegas fulfillment center and mobile app platform, and position CarParts.com for future growth in its core markets.
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