The Parts Alliance Group purchased by Uni-Select

‘Business as usual’ for customers, says The Parts Alliance

The Parts Alliance Group purchased by Uni-Select
The Parts Alliance has a network of close to 200 locations including 161 corporate stores and supports over 23,000 customer accounts.

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.

The Parts Alliance, through a series of ten acquisitions since 2012 has grown to become a market-leader by investing in people and technology and putting their customers first

Peter Sephton, chief executive of The Parts Alliance, said: “I and our management team would like to thank HgCapital for all their support as our 2,900 colleagues look forward to continuing that journey with Uni-Select, helping build a great international autoparts business together with the Uni-Select leadership team.”

The Parts Alliance emphasise that for customers it’s very much ‘business as usual’ and look forward to working under trade owners with a deep understanding of the automotive aftermarket.

The existing management team will continue to operate the business and Peter Sephton will join Uni-Select’s executive team while continuing his leadership role in the UK as president and CEO of the European business segment.

Uni-Select’s origins are similar to those of The Parts Alliance; Uni-Select was founded in 1968 by 12 Québec businessmen who joined forces to form a purchasing group for aftermarket parts.

The business now trade as a listed company on the Toronto Stock Exchange (TSX: UNS).

Henry Buckley, president and CEO of Uni-Select, said: “We are excited to establish a third growth pillar in the large UK parts aftermarket that is expected to be immediately accretive in a market with great upside potential from future consolidation opportunities.

“Parts Alliance is a great organization, with a market leadership position and national scale, a proven growth platform and an experienced management team that has demonstrated its ability to drive profitable growth both organically and through acquisitions.”

Martin Block, partner at HgCapital, said: “We are delighted with the sale of this very special business to Uni-Select.

“They will be a fantastic partner for the next phase of Parts Alliance’s continued growth and development.

“As a buy and build in a fragmented and dynamic sector, our management team were able to create a business of scale and real capability through their drive, professionalism and determination.

“The Parts Alliance brings together a high-quality group of distinct brands with a common culture and local identity. We wish both the team and the new owners every success for the future.”

For further information about The Parts Alliance, click ‘more details’ below.

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