Levine Auto and Truck Parts has been acquired by Parts Authority. The Danbury based company was founded by Irving Levine more than 60 years ago.  Parts Authority is one of the largest distributors of automotive and truck parts to the aftermarket industry.  AfterMarket News reports that the transaction was finalized last Friday.  Levine specializes in automotive and heavy-duty truck parts and auto-body painting.  Owner and CEO Jeff Levine says transitioning the business was a difficult decision since there was not a next generation to take over.  He noted that his concern was for the staff to be disrupted as little as possible and that Parks Authority understands the most valuable asset in an acquisition is not the location, equipment or customers, but the human capital.