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NEWS: IMPERIAL HOLDINGS ACQUIRES PENTAGON

NEWS: IMPERIAL HOLDINGS ACQUIRES PENTAGON

South Africa-based Imperial Holdings Limited has acquired dealer group Pentagon. The buyout was made through Imperial’s Motus subsidiary though terms have not been announced.

Pentagon, established in 1991 by its current Chairman, Trevor Reeve, has grown steadily from an initial Vauxhall franchise base to represent leading car and van manufacturers, Peugeot, Seat, Mazda, Citroen, Kia, Renault, Nissan, Fiat, Alfa Romeo, Jeep and Mitsubishi. The group employs 1,262 people, 46% of those have been with the business for 5 years or more.

Existing management will remain throughout Penatgon ‘for a transitional period’ to ensure integration with Imperial’s existing vehicle business. The Pentagon name will remain.

Commenting on the transaction, Mark Lamberti, Group Chief Executive Officer of Imperial said, “We are delighted to expand our international retail footprint into the passenger and light commercial vehicle market in the UK through the acquisition of Pentagon.”

Imperial Holdings Limited is not to be confused with the similarly-named Imperial Automotive Limited.

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BREAKING: A2 MOTOR PARTS JOINS IFA

BREAKING: A2 MOTOR PARTS JOINS IFA

 

A2 Motor Factors has joined buying group, the IFA

Group Chair, Gary Kennet has hailed the action, saying: “We are very pleased and extend a warm welcome”.

Interestingly, given the name, Burselem-based A2 is a member of A1 Motor Stores.

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BREAKING: AAG TO ACQUIRE CONTROLLING SHARE OF GROUPAUTO POLAND

BREAKING: AAG TO ACQUIRE CONTROLLING SHARE OF GROUPAUTO POLAND

The following statement has just been issued by the Alliance Automotive Group:

 

“GROUPAUTO Polska (GAP) and Alliance Automotive Group (AAG) are pleased to announce that AAG has entered into an agreement to acquire a 51.3% controlling shareholding in GAP. The agreement is subject to the approval of the Polish Competition Authority.  It is expected that this approval will be received within the next two months.”

“Jean-Jacques Lafont, the CEO of AAG said: “We are delighted to open this new page in the development of our Group.  This is the first step in our entry into the large and growing Polish market with exciting opportunities to replicate what we have done in our existing markets in the United Kingdom, Germany and France.  We are particularly happy to be partnering with the historical shareholders of GAP as well as their talented management team led by Mariusz Dankowski and Luiza Kaminska.” “

“Mariusz Dankowski said: “The shareholders and management of GAP are extremely pleased to bring AAG into our Group. This is a natural progression of a relationship that GAP and AAG have developed over many years within the Groupauto International family and we see many opportunities to benefit from AAG’s size and dynamic growth to develop and strengthen our position in the Polish market.””

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ECP TO STOCK FRAM FILTERS

ECP TO STOCK FRAM FILTERS

Sogefi Filtration has signed a supply agreement with Euro Car Parts. The latter will stock products under the Fram brand from the start of July, with the full range of light vehicle filters being sold through all of ECP’s outlets in the UK and Ireland.

Nigel Duffield, Sales Director at Sogefi commented: “The cooperation with Euro Car Parts is very promising and will surely contribute to further develop the presence of the brand throughout the country”.

Five years ago, Sogefi sold the Crosland brand to ECP. At the time the filter maker issued a statement emphasising that the deal was for the brand name only and that it could take ‘no responsibility’ for the products. The new Fram deal is a far more straightforward supply arrangement.

The Fram brand is owned by the Rank Group in the US and sold under license by Sogefi in Europe.

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BREAKING: PARTS ALLIANCE SOLD TO UNI-SELECT

BREAKING: PARTS ALLIANCE SOLD TO UNI-SELECT

BREAKING: The following release comes directly from The Parts Alliance

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 10 acquisitions since 2012 has grown to become a market- leader by investing in people and technology and putting their customers first

“This has been a fantastic journey, building a market leader in just over 4 years through 10 acquisitions and consistently strong organic growth,” said Peter Sephton.  “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, Chief Executive of The Parts Alliance, 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).

“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,” said Henry Buckley, President and CEO of Uni-Select. “Our two companies are a perfect fit in terms of business profile, customer focus, entrepreneurial culture and commitment to people development.”

Martin Block, Partner, 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”.

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IGA ANNOUNCE DATES FOR 20 TRAINING EVENTS

IGA ANNOUNCE DATES FOR 20 TRAINING EVENTS

The RMI’s Independent Garage Association has announced dates and locations for 20 training events for members around the country. This year’s programme features an-all new presentation, dealing with how best to run a business in a world with changing technology and cybercrime.

As in previous years, the DVSA will also be joining us at our member events to discuss annual training, the MOT system and more.

Here’s where the events are taking place:

Doors will open at 9:30am and presentations will start promptly at 10:00am. Tea, coffee and a buffet lunch will also be provided, and after the event you’ll get the chance to talk to both the IGA team and DVSA and ask your questions.

All of our member events are free to attend, however you will need to book tickets in advance as places are strictly limited to 100 per event. Simply click on the event you would like to book your place (up to 3 per member).

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BMS SUPERFACTORS ACQUIRED BY PARTS ALLIANCE

BMS SUPERFACTORS ACQUIRED BY PARTS ALLIANCE

Business group The Parts Alliance has acquired BMS Superfactors, their Greater Manchester-based associate member. BMS Superfactors has four branches in Bury, Oldham, Rochdale and Dukinfield, collectively employing over 120 staff. Prior to the deal, BMS had been an associate member of the Parts Alliance.

Founded 25 years ago, BMS Superfactors begun as an accessory shop and has grown into a business completing 1,000 trade deliveries per day. Since joining The Parts Alliance in December 2012 it has posted double-digit annual sales growth.

“We’re delighted to be taking what seems a very natural next step with The Parts Alliance,” said Tony Parr, Managing Director of BMS. “Joining the group and gaining access to their OE parts ranges, outstanding AlliCat parts catalogue and overall business support has been central to our success to date.

Peter Sephton, Chief Executive of The Parts Alliance said:  “We welcome BMS Superfactors and all our new colleagues.

“The growth they have achieved bears powerful testament to the skills of the management team led by Tony Parr, Chris Morley and Neil Hardisty as well as the hard work of a loyal staff team. This important acquisition strengthens our group’s position in one of the UK’s prime metropolitan areas.

“Chris and Neil will continue to run the business, whilst Tony will be available to help as necessary.

“We very much look forward to developing the business further under what’s a well regarded local brand by bringing more of our technology, distribution and sourcing capabilities to support Chris and his team wherever we can.”

BMS becomes a wholly-owned business within The Parts Alliance Group  but will continue to trade under its own name. Chris Morley will continue to lead the business and will be joined by Neil Hardisty on The Parts Alliance’s management team.

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FUTURE IS NOW AS AUTOPROMOTEC GETS UNDERWAY

FUTURE IS NOW AS AUTOPROMOTEC GETS UNDERWAY

The biennial Autopromotec trade fair is underway in Bologna.

The 2017 edition sees 1,651 exhibitors, of which 42 percent are from countries other than Italy with the UK, Germany and Spain as well as China and Taiwan making up the greatest number of international exhibitors.

Also new for this edition is an entire hall transformed into a ‘Workshop Concept’ with demonstrations of equipment, both current and prototype, that will form the garage of the future.

The show has returned all the usual features, including a busy seminar programme that has presentations and training by experts and legislators from all over Europe.

When asked, Autopromotec Show Manager Emanuele Vicentini admitted that it was ‘a risk’ to have such a number of training based attractions that could potentially take visitors away from the floor. “However, we feel that it is important that garage owners and technicians can touch and see the equipment of the future, as we want to make sure the aftermarket trade is ready for the challenges that await in the coming years” he said.

More information can be found on autopromotec.com

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ECP – ANDREW PAGE LATEST: COMPETITION AUTHORITY DEADLINE TONIGHT

ECP – ANDREW PAGE LATEST: COMPETITION AUTHORITY DEADLINE TONIGHT

 

The CMA (Competition and Markets Authority) has said that Euro Car Parts’ buyout of Andrew Page faces an ‘in-depth merger probe’, unless it ‘offers acceptable ways of addressing competition concerns’ by the end of today (Wednesday May 17).

ECP needs to come up with proposals to resolve the competition concerns. If it does not offer anything, or if the CMA is unable to accept undertakings offered, the merger will be referred for a ‘phase two’ investigation that is substantially more in depth and will take 24 weeks.

At the end of this period the CMA must rule whether the merger can go ahead, and if not, what can be done in the interests of a competitive market.

This follows from last year’s takeover of Andrew Page by ECP on the day that the former went into administration.

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‘DAMNING’ REPORT INTO ZAFIRA FIRES PUBLISHED

‘DAMNING’ REPORT INTO ZAFIRA FIRES PUBLISHED

The Transport Select Committee has published its long-awaited report on the spate of Zafira car fires and Vauxhall’s reaction to it.

The report follows last year’s hearing, in which a panel of MPs grilled GM bosses on the issue. In it, the committee is damning of the VMs original claim that the fires were caused by ‘improper repairs’ carried out by the aftermarket. “A fire cannot occur in a Zafira’s heating and ventilation system solely because the resistor controlling the speed of the blower motor has been improperly repaired; another fault, such as corrosion of the blower motor due to water ingress, would also need to be present” read the opening paragraph of the report’s summary.

The document is particularly critical of Vauxhall’s apparent reluctance to accept the part that corrosion in blower motors in the affected models has played in causing the fires, noting that Vauxhall’s initial investigation did not identify all the failings that could cause a fire.

An executive summary adds: “Vauxhall does not appear to have grasped the seriousness of the issue, placing the blame on third parties and addressing the problem, in the first instance, through a non-coded action rather than a recall”.

The report explains that while Vauxhall blamed the problem on ‘third party repairs’ the car-maker made no effort to find out where such ‘dangerous practices’ were carried out. However, the strongest words in the report were reserved for Vauxhall’s decision to let people to continue to use their cars after the first recall turned out to be infective ineffective amounted to ‘a reckless disregard for safety’. “This is particularly damning given its admission that it should have notified customers earlier”.

You can read the summary, recommendations and the full report here

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