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The Parts Alliance acquires Car Parts & Accessories

The Parts Alliance, backed by HgCapital, has made its eighth acquisition, buying associate member Car Parts & Accessories (CPA).

CPA, established in 1995, 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.

The acquisition was completed on Friday 26 September with CPA’s Managing Director Keith Anderson and other CPA leaders continuing with the autoparts distributor.

CPA becomes part of the Eastern Alliance of HgCapital-owned businesses within The Parts Alliance, the others being Allparts Automotive and SC Motor Factors.

The inclusion of CPA brings the number of branches in the Eastern Alliance to 33. The Western Alliance comprises GMF and CES UK.

James Geldart, MD of the Eastern Alliance, said: “I am delighted to have CPA as part of our business portfolio and I welcome all their employees to our family.”

The Alliance businesses work closely together sharing common systems and best practice but trade locally under individual brand names.

Peter Sephton, Chief Executive of The Parts Alliance, said: “CPA is a great business with an exceptional commitment to customer service.

“We have been working closely with Keith Anderson and his team to bring them into our family of businesses. At The Parts Alliance we invest in our people and it is clear from the dedication and camaraderie of the team at CPA that they will fit straight in.”

Keith Anderson said: “We are looking forward to integrating further with The Parts Alliance and becoming an even greater business as the group expands into a market leader.”

The Parts Alliance recruits 500 former Unipart Automotive employees

The Parts Alliance has taken on around 500 ex-employees of Unipart Automotive in the weeks leading up to and two weeks since the former parts distributor closed – with the number set to grow.

Some 320 jobs were saved when, in a joint rescue deal, The Parts Alliance and The Parts Alliance associate member Andrew Page agreed to take over 33 Unipart Automotive branches.

Peter Sephton, chief executive of The Parts Alliance, said: “It has been sad to see the decline and demise of Unipart Automotive. We have worked hard to interview and re-employ close to 500 talented individuals whose great experience and skills will benefit The Parts Alliance and our customers.

“Those re-employed include people at all levels, from senior members of the National Accounts team and Regional Directors to parts advisors, branch managers, business and operations specialists.”

‘’We take great care to allow prospective colleagues to understand us and our values, and get to know them. All too often I see employers making knee jerk reactions and false promises, offering jobs to people they have never seen or who have never seen and evaluated them. These are peoples lives we are dealing and it impacts their communities and families, so we owe it to all or colleagues to be open and transparent’

Sephton said The Parts Alliance had become the natural employer of choice in the sector as people have increasingly recognised the business group’s integrity and commitment to be a first choice place to work, backed by long-term substantial financial security.

He added: “We take great care to respect the individual and diversity in all respects, providing an environment in which colleagues can express their opinions and help us to build a great future together, while we invest in their development.”

Sephton said the recruitment drive is further proof of The Parts Alliance’s commitment to its existing customer base and others who are increasingly turning to it for quality products and services.

This, coupled with a quality parts offering, passion for service and industry leading catalogue and garage systems, with the most accurate look-up for parts of any supplier in the aftermarket with our proprietary Alicat online system, all help customers be more productive in their own businesses, and ultimately be more profitable, he said.

The HgCapital-backed The Parts Alliance has the largest distribution network in the automotive aftermarket with 278 branches across the UK and Ireland.

Unipart Automotive deal safeguards over 300 jobs

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.

The Parts Alliance welcomes Bromsgrove Motor Factors to the family

The HgCapital owned The Parts Alliance business group has welcomed an exciting new addition to the ‘family’ with the acquisition of the Worcestershire-based Bromsgrove Motor Factors (BMF).

BMF was founded in 1978 and has branches in Bromsgrove, Redditch, Worcester and Kidderminster, with a delivery fleet of 30 and a staff of 65.

The acquisition comes only 11 weeks after The Parts Alliance Ltd itself was acquired by HgCapital, the investment company with a £2 billion automotive fund and a commitment that the Parts Alliance would be ‘powered for growth’.

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’.

He said: “Bromsgrove Motor Factors is a great business with outstanding customer and staff loyalty, providing local service in the Worcestershire area, and adds to our national strength. This deal is an early demonstration of our declared aim to grow quickly, both organically and through the acquisition of successful parts distributor companies, large and small.”

When Sephton became Chief Executive of The Parts Alliance (April 2014) he retained his role as Group CEO of the HgCapital-owned Parts Alliance members that trade under local brand names and are organised into The Western Alliance and The Eastern Alliance.

“Since our investors HgCapital bought those businesses we have made significant strides in bringing them together, integrating best practice and introducing unified systems while encouraging a common vision and culture, but retaining the local brands, entrepreneurial spirit and customer focus,” said Sephton.

“This investment in our people has delivered a new level of camaraderie and confidence, which will be extended to our new colleagues from BMF, and I am delighted that MD Gary Kennett and Director Anthony Rollings will continue to lead the company and continue to grow the business. I am also delighted Gary has agreed to join our senior group leadership team to help us build a national market leader.”

Gary Kennett said: “We are looking forward to working with Peter Sephton and the rest of the management team and developing Bromsgrove Motors Factors into an even greater business.”

Powered for growth following aquisition by HgCapital

The Parts Alliance group has significantly strengthened its position as an industry leader in the automotive aftermarket after reaching a landmark agreement for investors HgCapital (HgC) to acquire the business ‘The Parts Alliance Ltd’ along with its Central Facilities operations of offices in Solihull and central warehouse in Smethwick, both in the Birmingham area and from where it services its members.

The acquisition, completed on Friday 4 April, sees Peter Sephton becoming Chief Executive and pledging ‘to build an industry leading board of industry experts’ to drive the enhanced business forward with quick decision-making and ‘best in class’ systems and practices.

Peter 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.

The other member companies (BBC Superfactors, BMS Superfactors, Car Parts & Accessories, Dingbro, Mill Autoquip, Motex and Qualvecom) become associate members. They continue to trade as independent businesses and were not part of the acquisition, though remain fully involved in The Parts Alliance activities with representation on the board. At the same time Central Auto Supplies will leave the group and has been granted a six-month notice period.

Sephton said: “From the outset we and our investors, HgCapital, recognised the value and potential of The Parts Alliance as a leading industry organisation. This further investment provides scope for enhancing performance further through a more dynamic and unified operating model.

“This will see us able to deliver even greater value to our members, suppliers and customers, both national accounts and, through our members, independent garages.

“The Parts Alliance is already one of the leading automotive buying and distribution groups in the UK and Ireland and we confidently believe that we can be even better,” said Sephton.

Early objectives will include the adoption of a more integrated commercial function, allowing greater clarity and visibility of the business and a customer and service-centric approach, with closer relationships with clients and sharper management of the supplier base. There is also the opportunity for new member distributors.

Sephton added: “It is important to underline that although we fully intend to enhance and revitalise elements of the operation, The Parts Alliance will very much remain a consultative business group at its heart, operating with joined-up commercial thinking.

“This deal is a game-changer not just for The Parts Alliance but for the aftermarket. There is much change and uncertainty in the marketplace. But here we have an organisation that is powered for growth with HgCapital behind it, expert investors with a two billion pounds fund and a heritage of seeking out and backing industry champions.”

The Parts Alliance Chairman and founder Steve Fulford, who was central to negotiations as they evolved over the past year, is stepping down but will continue to advise the board.

He said: “This further investment by HgCapital is more positive news for The Parts Alliance. As the largest unified national player in the aftermarket, this deal will not only help build on the group’s achievements of the past 14 years but, through developing a best in class commercial structure and an invigorated team, it heralds good news for all involved.”