In its bid to become a £1 billion turnover group, leading UK and Ireland automotive buying and distribution group, HgCapital-owned The Parts Alliance, together with latest associate member Andrew Page, today announced its joint acquisition of 33 branches from the former Unipart Automotive, which has entered administration.
The deal, which is for an undisclosed sum, bolsters The Parts Alliance network to 278 branches nationwide and reflects its ambition to capture more great regional talent and brands under The Parts Alliance umbrella and pursue its dynamic growth strategy.
Peter Sephton, Chief Executive of The Parts Alliance, said: “This is a real opportunity for us to safeguard and integrate more industry talent with some of the excellent staff from Unipart Automotive who will be joining us. As a service-centric organisation, the quality and calibre of our teams is a vital ingredient in our success, along with best-in-market products, systems and practices. This further increases our service levels to our major national and independent customers.
It is, of course, deeply sad when businesses enter administration as jobs are inevitably lost, but we are pleased that through this deal we will be saving over 300 jobs and bringing these into the fold” he added.
HgCapital, the investment company with a £2 billion fund and a commitment that The Parts Alliance would be ‘powered for growth’ has enabled quick decision making and a proactive approach to market opportunities. Focused on growing both organically and through acquisition, today’s news fuels The Parts Alliance ability to offer industry-leading service and products and power ahead with Sephton’s service-centric strategy.
The HgCapital owned members within The Parts Alliance Group are four motor factors that operate as one business divided into the Eastern Alliance (Allparts and SCMF) and Western Alliance (CES UK and GMF) but which distribute under local brand names plus the newly-acquired Bromsgrove Motor Factors. Its associate members, which trade as independently owned businesses, are Andrew Page, BBC Superfactors, BMS Superfactors, Car Parts & Accessories, Dingbro, Mill Autoquip, Motex and Qualvecom.