Dividend favorite Genuine Parts Company (NYSE: GPC) announced a near $2B move to enter the European market with a deal to acquire Alliance Automotive Group; sending GPC shares up more than $5 or nearly 6% on the day.

While not cheap, I believe today’s deal makes the company even more attractive for the long-term investor looking for a well-run business operating in an attractive sector.

Check out my original post on GPC from October 2015:

Tuning Your Car’s Engine…And Your Portfolio.