The Parts Alliance Group has been acquired from its private equity owner HgCapital by Uni-Select Inc., a Canadian publicly listed, North American Automotive aftermarket distributor.
New owners Uni-Select operate as a market-leader in the USA and Canada, distributing automotive aftermarket parts, equipment and refinish products through a network of 14 distribution centres, 270 corporate stores and over 1,100 independent wholesalers with 3,000 employees generating sales of $1.2 billion USD per annum.
75 GSF Car Parts (GSF) branches have merged with The Parts Alliance, taking the network to well over 300. 160 of these are under common ownership. Together they give the Solihull-based business group increased coverage in the UK and Ireland.
The Parts Alliance has been recognised for providing the ‘Best UK Automotive Transactions in 2014’ in Deal Feed International’s inaugural Sector Success Awards. The website’s new business awards examine mergers and acquisitions across the globe, asking a panel of financial professionals and writers to judge award winners across various segments. The Parts Alliance’s victory comes on the back of “the group’s rapid growth and financial performance as well as other key strengths such as customer service, employee development and overall strategy,” according to the Alliance’s statement.
The Parts Alliance has made its eighth acquisition, buying out associate member Car Parts & Accessories (CPA). Established in 1995, CPA employs 120 people in 12 branches serving Hampshire, Sussex and Surrey. It has a delivery fleet of 60 vehicles and a turnover approaching £12 million.
A second former Unipart Automotive director has been recruited by The Parts Alliance. Joining south west regional director Paul Dineen, James Geldart will be responsible for the Eastern Alliance’s 21 branches, serving independent garages in London and the South East of England. Geldart was previously a divisional director with Unipart Automotive (UA), and was appointed with effect from Monday, 1 September.
The Parts Alliance has acquired three more former Unipart Automotive (UA) branches. Located in the south west of England, the Chard, Frome and Plymouth sites are expected to re-open around the end of September, according to The Parts Alliance. They bring the number of former Unipart Automotive branches acquired by the HgCapital-owned business group to 15 including the 12 acquired in July after UA went into administration. 24 more jobs have been saved as a result, while Paul Dineen, formerly regional director with UA and head of the Unipart Car Care Centres (UCCC) programme, has been recruited to oversee the eight ex-UA sites in Barnstaple, Penryn, Taunton, Tiverton and Exeter.
The Parts Alliance business group has completed its acquisition of the Worcestershire-based Bromsgrove Motor Factors (BMF). It follows the acquisition of The Parts Alliance by HgCapital, the investment company with a £2 billion automotive fund. The Parts Alliance’s new chief executive Peter Sephton said he was excited to be welcoming new colleagues from BMF to the HgCapital backed Parts Alliance group ‘family’.
The Parts Alliance group has been acquired by investors HgCapital (HgC). The acquisition of the business, along with its central facilities in Solihull and central warehouse in Smethwick, was completed on Friday 4 April. Peter Sephton has become chief executive, pledging “to build an industry leading board of industry experts” to drive the enhanced business forward. Sephton retains his role as Group CEO of the HgCapital-owned Parts Alliance members which trade under local brand names and are organised into The Western Alliance and The Eastern Alliance.