Uni-Select completes acquisition of The Parts Alliance

The transaction in the amount of £205 million was fully funded with debt from available credit facilities

Uni-Select completes acquisition of The Parts Alliance
With the addition of The Parts Alliance, Uni-Select now has a strong team of over 6,000 dedicated team members.

Uni-Select Inc. is pleased to announce that it has today completed the acquisition of one-hundred per cent of the shares of PA Topco Limited doing business as The Parts Alliance.

“We could not be more pleased to be adding The Parts Alliance to the Uni-Select family,” said Henry Buckley, president and chief executive officer of Uni-Select.

“The Parts Alliance is the UK’s second largest automotive aftermarket parts distributor with 161 locations and growing plus affiliated members, all serving local and national customers across the UK.”

“We welcome all our new team members, customers and suppliers.

“The cultural fit is exceptional and the growth prospects are significant,’’ added Mr. Buckley.

Looking forwards

The transaction provides Uni-Select with an attractive point of entry into a new geographic market currently in consolidation with high growth and accretion potential and a third growth pillar to complement its segments, Canadian Automotive Group and FinishMaster US.

“The Parts Alliance is very thrilled to now be part of Uni-Select,” said Peter Sephton, president and chief executive officer of The Parts Alliance.

“All of my colleagues in our organization, our suppliers, members and all other stakeholders see the opportunity for long term financial growth and stability, as well as personal growth as we join a team of like-minded individuals.”

With the addition of The Parts Alliance, Uni-Select now has a strong team of over 6,000 dedicated team members, spread across a network of 16 distribution centres and over 430 corporate stores located in North America, United Kingdom and Ireland.

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