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Associated Industries, Ltd., also known as AI Group, is the parent company of Parker’s, ACE, AI Rentals & Save the Date. It began in 1973 when the President and CEO, Mr. Parker Tibbetts, got involved in a junkyard business called Associated Industries, Ltd. After a few years he bought out his partners and changed the company’s business plan, and in 1984 he began offering new and rebuilt auto parts. This became the main business and it has grown steadily over the years becoming the leading automotive parts business on the island. In 1987 Associated Industries, Ltd became a member of Ace Hardware Corporation and added some hardware lines to its offerings and in 1994 it was joined by a paint store division known as ACE Paint and décor.

In 1998 Associated Industries, Ltd. Purchased Payless Auto Parts, Ltd. which was located on Eastern avenue for over 20 years. Given the acquisition of this store and the expansion of items offered due to AIL’s affiliation with ACE, in 1999 the company decided to have Associated Industries, Ltd. be known as the parent Company and gave it’s main store a name and identity of its own, “Parker’s”, to reflect the changed nature of the business.

In 2018 Ace Paint & Decor and Payless Auto Parts merged in to one store and Ace Cayman was born.

Parker’s is located at 327 North Sound road.  This store offers High Performance parts, auto parts, paint, hardware, hydraulic hoses, marine hardware etc.