Tag Archive | "acquisitions"

NEW ACQUISITION FOR ALLIANCE AUTOMOTIVE

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NEW ACQUISITION FOR ALLIANCE AUTOMOTIVE


Millgate Motor Factors, Selby

Millgate Motor Factors, a single branch trade counter in Selby, North Yorkshire has been acquired by Alliance Automotive UK (AAUK).

READ: JIM BARKER LATEST FACTOR ACQUISITION BY AAUK

The business in its modern form was incorporated in 1999 by Steven Panas and was a member of the UAN buying group, which is itself part of  AAUK.

READ: ALLIANCE AUTOMOTIVE UK ACQUIRES ASMF

Millgate is only the second acquisition of 2020 for AAUK, having completed on Jim Barker Motor Factors in January, suggesting that the buying spree of multiple businesses between 2017 and mid-2019 is at an end.

 

 

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JIM BARKER LATEST FACTOR ACQUISITION BY AAUK

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JIM BARKER LATEST FACTOR ACQUISITION BY AAUK


Widnes-based Jim Barker becomes the latest factor to be acquired by Alliance Automotive UK.

It is the first acquisition completed by the trading group since the takeover of F.M.P and Glaze Auto Parts on the same day in August last year.

READ: ALLIANCE AUTOMOTIVE UK ACQUIRES ASMF

Jim Barker has 19 employees

Jim Barker in its modern form was set up by Graeme, Brian and Warwick Read in 2010 and is a member of the GroupAuto buying group, also owned by AAUK. It has an unusually high number of favourable online reviews from both trade customers and members of the public. It has sales of around £2m pa and 19 employees.

READ:  AUTOQUIP MIDLANDS TAKEN OVER BY AAUK

 

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HAYNES PUBLISHING ACQUIRED BY INFOPRO DIGITAL

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HAYNES PUBLISHING ACQUIRED BY INFOPRO DIGITAL


Technical data company InfoPro Digital has reached a deal to acquire Haynes Publishing Group for cash. 

The transaction is valued at £114.5m with shareholders to receive 700p per share. Haynes put itself up for sale last November, with Eddie Bell, Chairman of the Haynes Board, saying: “The Board now believes our future will be best secured by the whole Group becoming part of an organisation with the financial resources to invest for future expansion and take the Company through to the next 60 years of success.”

READ: FULL MARKET STATEMENT

Commenting on the acquisition this morning, Eddie Bell said: “Haynes has made a highly successful strategic transition to become one of the leading suppliers of content, data and innovative workflow solutions for the automotive industry and motorists. Its strategy and operational execution over the past five years have translated into strong financial performance and shareholder value creation. The Haynes Board believes that the markets it serves have great potential for Haynes’ future growth and development, and that a combination with Infopro Digital will provide Haynes with the scale, capabilities and resources to ensure that it stays at the forefront of these markets and maximises its potential. The proposal from Infopro Digital reflects these opportunities and represents an attractive opportunity for Haynes Shareholders to crystallise an immediate and certain value in cash for their shareholdings, at a significant premium to current and historical share price trading levels.”

READ: HAYNES PUT UP FOR SALE

Commenting on the Acquisition, Christophe Czajka, Founder and Executive Chairman of Infopro Digital, said: “At Infopro Digital we have long respected Haynes’ spirit of innovation and its reputation for excellence. With a deeply complementary product set and geographic footprint, the combined companies have an opportunity to serve our clients more effectively and to build on both organisations’ history of creating innovative, transformative products that the automotive industry has come to value. We are committed to working together to create a company that will continue to help define the future of automotive data.”

Shareholders will vote on the proposed deal in meetings to be held in March and April.

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BOSCH TO ACQUIRE UNIPART CAR CARE CENTRES

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BOSCH TO ACQUIRE UNIPART CAR CARE CENTRES


Industrial giant Bosch has announced its intention to acquire Unipart Group’s workshop programmes in the UK. These programmes include the Unipart Car Care Centres (UCCC), a network of independently run garages, the KiS online garage management software, which helps to organise all daily workshop activities, and the ‘Unipartner’ Consumer App. It is planned for all existing customer contracts to be transferred to Bosch. Terms of the deal have not been disclosed.

“This acquisition perfectly fits with our growth strategy for the United Kingdom and Ireland”, Steffen Hoffmann, President Bosch UK and Ireland, said. “It is a significant step that increases our network of partner garages creating new sales channels for our automotive parts, diagnostics, and workshop services with these customers.”

Established in 1995, Uniparts’ Car Care Centre is one of the most recognised workshop programmes in the UK. Bosch will take over the marketing support and training services for the garages plus ensure access to Bosch’s full range of automotive parts, diagnostics and workshop services.

UCCC to become part of Bosch

Mike Ferris, Unipart International Managing Director said: “We’ve been working in close partnership with Bosch for many years on a number of joint initiatives and they share many of Unipart’s core values and principles. I am delighted that the Unipart Autoparts Garage Programmes will be transferring to a trusted business in Bosch who will further develop the programmes, whilst maintaining the needs of the garage and consumer at the forefront of their plans”

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AUTOSUPPLIES COMPLETES LEISUREWAYS ACQUISITION

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AUTOSUPPLIES COMPLETES LEISUREWAYS ACQUISITION


Chesterfield-based Autosupplies Group has successfully completed the purchase of Leisureways (The Happy Motorist) of Rotherham.

Leisureways is a long-established family business and until the acquisition, was a member of the A1 Motor Stores buying group.

Trevor Hinchliffe and David Clarke shake on the deal

READ: GSF, BBC SUPERFACTORS AND A1 ADD LOCATIONS

Autosupplies’ MD David Clarke thanked the previous owners for a smooth transition and said: “We are placing considerable investment into the business including the recruitment of new staff, increased stock availability, infrastructure and logistics. Leisureways is widely known for its retail business and so we are looking to replicate this success in the trade with exceptional customer service to independent garages throughout Rotherham.”

READ: AUTOSUPPLIES ACQUIRES BUTLERS AUTOMOTIVE

Autosupplies Chesterfield is one of the single largest motor factor sites in the UK with over 100 staff and 70 vans. In October 2017, the firm purchased Butlers Automotive of Barnsley.

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KERRIDGE ACQUIRES MAM SOFTWARE GROUP IN CASH DEAL


Software developer Kerridge Commercial Systems (KCS) has acquired component cataloguing firm Mam Software Group. Terms of the deal are a straightforward cash acquisition, with a reported $154.2m (approx £123m) being paid for the firm.

READ: Comline partners with MAM and EMI+

“This all-cash transaction provides MAM Software’s stockholders with a premium over the pre-announcement market price of their shares, and we believe it will allow our team to increase our focus on long-term success that will benefit customers, employees and partners. Together with KCS, we can offer a broader portfolio of solutions to our customers globally,” said Mike Jamieson, MAM Software CEO.

READ: TecDoc looks to the clouds in venture with software specialist

Cash deal agreed to acquire Autocat+ provider

“We have long believed that a partnership between MAM Software and KCS would create a range of significant strategic opportunities,” said Ian Bendelow, CEO of Kerridge Commercial Systems. “MAM has significant traction in the automotive aftermarket sector that augments our solution offering, and this combination also will expand our U.S. market presence.

 

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ALLIANCE AUTOMOTIVE UK ACQUIRES ASMF

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ALLIANCE AUTOMOTIVE UK ACQUIRES ASMF


Alliance Automotive UK, the parent company of GroupAuto and UAN buying groups has acquired the seven-branch Autostores Motor Factors chain (ASMF). Terms of the deal have not been disclosed. 

Originally known as Sureparts and Panels and Paints, ASMF was a member of the PDP Group and PDP Chairman Alistair Whatmore was Managing Director. 

READ: JIM MAZZA JOINS THE PDP

ASMF is Alliance Automotive UK’s 12th acquisition of 2019, although it is the first this year to have been obtained from outside of the firm’s own buying groups. 

READ: AUTOSTORES GROUP ACQUIRES BARUM

This deal brings the total number of branches to be added to AAUK’s portfolio this year to 26, with a combined annual turnover in the region of £40m. 

We’ll bring you more info on this story as we get it. 

 

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MUKESH: ‘I WANT A £200m BUSINESS BY 2025’

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MUKESH: ‘I WANT A £200m BUSINESS BY 2025’


Mukesh Shah, Founder and Chairman of independent factor chain Motor Parts Direct has told an audience of his plans to grow the business further.

Speaking at the firm’s 20th anniversary supplier meeting and conference, known to all by his first name, Mukesh, said: “Our vision is to have 200 branches and sales revenues of £200m by 2025”.

READ: MPD ACQUIRES ALS MOTOR PARTS

He went on to explain that the target would only be achievable with the commitment of everyone in the company. “You can have a clear vision, but you need excellent people to realise it… We believe that we have the best people in the industry to operate our business”.

Mukesh added that in 2014 he stated an aim to become a £100m business and this was realised a little over a year later through a mixture of organic growth and acquisitions.

Mukesh at MPD Awards

Originally a regional chain based in East Anglia, the firm now has 120 branches across England and Wales. It has benefitted from the acquisition of other long-established regional chains, including Kevin Cooper, CAFCO and Central Auto Supplies. MPD is now the UK’s largest independent factor chain.

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BREAKING: FMS SCUNTHORPE ACQUIRED BY AAG

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BREAKING: FMS SCUNTHORPE ACQUIRED BY AAG


Scunthorpe-based FMS Autoparts is the latest company to join AAG UK as a wholly-owned subsidiary.

The single-branch factor can trace its roots back to 1987 when the company was founded as Frodingham Motor Spares.  A pivotal moment occurred in 2000 when the company moved to its present 10,000 sq ft site, which includes a large modern factor warehouse and a good size public accessory shop.

The company in its most recent form was incorporated in 2011 and owned and run by the Lally family.

As reported last month, the Alliance Automotive Group has made a number of significant acquisitions throughout 2018 including Motorcare Motor Factors, Lloyds Motor Spares and battery distributor Platinum International.

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IRELAND’S J&S AUTOMOTIVE ACQUIRES ORIGO AUTOPARTS

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IRELAND’S J&S AUTOMOTIVE ACQUIRES ORIGO AUTOPARTS


Ken Tannam, Origo and Alan Gaynor, J&S shake on the deal

Ireland-based parts supplier J&S Automotive has acquired at the autoparts division of tool supplier Origo.

Origo is part of the SISK group of companies and is known as a key supplier of Bosch branded product throughout Ireland.

Terms of the deal have not been announced, but the deal is described by J&S as an ‘important strategic step’.

J&S Automotive MD Alan Gaynor said: “By adding Origo Automotive to J&S Automotive,  we look forward to delivering an even better range of automotive parts and services.

 

 

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