The Parts Alliance strengthens as GSF Car Parts joins the group

The Parts Alliance has strengthened its position as an aftermarket leader as GSF Car Parts (GSF) joins the group.

The addition of GSF’s 75 branches brings the total number in the Parts Alliance network to well over 300, 160 under common ownership, giving the Solihull-based business group increased coverage in the UK and Ireland.

HgCapital continues to support the Parts Alliance with the acquisition of GSF which will be a wholly-owned business within group but trade locally under its own brand name. GSF will continue under the Chairmanship of Stan West and his current management team. Stan West will also join the board of Parts Alliance Group.

Commenting on the merger, Stan West, Chairman and founder of GSF, said: “This marks a great new chapter in the evolution of the company that I founded in 1977. GSF’s merger with the Parts Alliance and HgCapital’s investment allow us to maintain not only our culture and brand but also helps to create a true market leader.”

Peter Sephton, Chief Executive of the Parts Alliance, said: “This is a hugely significant acquisition which strengthens the product choice, service, value and expertise that we offer to our independent and national customers alike.

“This is a hugely significant acquisition which strengthens the product choice, service, value and expertise that we offer to our independent and national customers alike.

“GSF is a dynamic and successful business and I’m delighted to welcome Stan West and his 1,000 colleagues to our growing group. It’s a great match. We share the same values and both believe in building lasting relationships with customers and suppliers.

“This deal gives us unrivalled coverage: ensuring delivery on the ground to national and independent garages and workshops by people who really understand their local market.” Stan West added: “I am looking forward to working with Peter and the board to position the group as a class-leading supplier to the automotive aftermarket.”

Strategic partnership with the IFA announced

The Parts Alliance and the IFA (Independent Motor Trade Factors Associated Ltd) have agreed a market changing strategic partnership that significantly increases the business group’s national footprint.

Under the agreement the IFA becomes a Key Supply Partner working with the Parts Alliance’s own distribution network of 160 branches to increase coverage to 240 distribution locations.

The IFA will provide service from over 80 distribution locations, working in partnership to provide a uniform approach on National Account contracts held by the Parts Alliance.

Peter Sephton, Chief Executive of the Parts Alliance, said the agreement underlines the Parts Alliance’s position as a leader in the aftermarket, providing unrivalled service to national customers, with the highest quality product offer and best on-demand service throughout England, Scotland, Wales and Ireland.

He also revealed other options were being explored that would see the network very quickly increase to over 330 distribution locations.

He said: “The IFA is well-established and respected within our industry, sharing similar values and ethics to the Parts Alliance, where we are both committed to supplying quality products to market, delivering outstanding customer service and are easy to deal with.”

Peter added that with the backing of investor HgCapital, the Parts Alliance has the funding to build through acquisition. But, he said: “Growth can also be achieved through partnership and I am delighted with this new partnership agreement.”

Mike Curry, Sales Director National Accounts for the Parts Alliance, said: “The Parts Alliance has a track record of outstanding service to both national and independent workshops across the UK and Eire.

“In addition, we have a proven capability of working with and integrating supply partners to provide a one stop shop solution for national account customers. This has been a key factor in us gaining and retaining supply contracts and agreements within a very competitive market.”

Steve Parker, General Manager of the IFA, said: “Everyone knows the aftermarket is changing and staying ahead needs bold thinking. Through working closely together there will be benefits for both organisations and our customers.”