Tag Archive | "acquisitions"

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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DCS LEATHERHEAD BECOMES LATEST AAG ACQUISITION

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DCS LEATHERHEAD BECOMES LATEST AAG ACQUISITION


Leatherhead-based Discount Car Spares has been acquired by AAG, parent company of the GroupAuto buying group.

The factor was established in 1989 and has two branches. John and Gary Syrett and Robert Herman were Directors.

DCS was an existing GroupAuto member and participated in group promotions, such as the AutoCare network. Last year the factor presented customer Shirley Garage with a prize for becoming the 600th member of the scheme.

The news follows last week’s announcement that AAG had acquired nine-branch Lloyds Motor Factors 

 

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LLOYDS MOTOR SPARES SOLD TO AAG

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LLOYDS MOTOR SPARES SOLD TO AAG


Alliance Automotive Group has acquired the Wembley-based factor chain Lloyds Motor Spares (LMS). Terms of the deal have not been announced.

LMS can trace its history back to 1946. It has nine branches in West London and counts utility companies and the police among its fleet contracts. The chain currently employs 110 people and up until the acquisition counted John and Rod Hammond and Peter Benson among its Directors. It had previously been a member of the IFA buying group. 

The deal follows on from AAGs acquisition of a number of aftermarket brands over the last few months, including battery distributor Platinum International in October and Abergavenny-based Motorcare Motor Factors in July.

 

 

Discount Car Spares also acquired by AAG

 

Leatherhead-based Discount Car Spares has been acquired by AAG, parent company of the GroupAuto buying group. 

The factor was established in 1989 and has two branches. John and Gary Syrett and Robert Herman were Directors.

DCS was an existing GroupAuto member and participated in group promotions, such as the AutoCare network. Last year the factor presented customer Shirley Garage with a prize for becoming the 600th member of the scheme.

The news follows last week’s announcement that AAG had acquired nine-branch Lloyds Motor Factors

 

 

 

 

 

 

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AAG ACQUIRES PLATINUM INTERNATIONAL

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AAG ACQUIRES PLATINUM INTERNATIONAL


The Alliance Automotive Group (AAG) has acquired battery distributor Platinum International. Terms of the deal have not been disclosed.

Previously known as UK Batteries, Platinum International was formed in 2002 by Chris Taylor following the sale of a previous battery venture. Speaking about the acquisition, he said: ““I am delighted to see Platinum become part of AAG, especially with its reputation as a leader in the UK market. Platinum has been built over a long period of time and I would like to thank my team for their hard work and contribution to making the business a success. The development of Platinum is also a testament to how much support and loyalty we receive from our customers and suppliers and I am convinced that, together with AAG, Platinum will continue to achieve great things. I am confident that I’ve found the best long-term home for the business.”

AAG, which is owned by the U.S based Genuine Parts Company, has made a number of acquisitions in the UK over the year to date, most of which have been all-makes motor factors. Platinum joins Apec Braking and BTN Turbo as AAG’s specialist distributors.

Steve Richardson, Managing Director of AAG UK stated, “We are excited to welcome Platinum into our UK business and to strengthen our position in the UK battery market. We have tremendous respect for Platinum as a long standing supplier to our Group and are confident the integration of the company into AAG will add value for all our customer and lead to long term, sustainable, growth. Platinum has a strong and talented management team and is an excellent strategic fit for our group”.

 

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EVANS CYCLES TO BE SOLD BY PRIVATE EQUITY OWNERS

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EVANS CYCLES TO BE SOLD BY PRIVATE EQUITY OWNERS


Evans Cycles is to be sold by its private equity owner ECI Partners.

The cycle chain has been making a loss over the past two years, although ECI has perused a strategy of expansion.

At the time of writing bids have been invited for the firm, with Halfords being reported by Sky News as being among the front runners.

Halfords itself set up the Cycle Republic chain as a rival to Evans Cycles in 2014. Halfords has previously stated an aim for Cycle Republic is to double the number of branches.

In general terms, cycle retail on the High Street has been under pressure as there has been a willingness by consumers to buy mid to high-end bikes from non-traditional outlets, such as Go Outdoors or from sports shops such as Triathlon. Low-end family bikes have been under pressure from online retailers such as Wiggle, which one retail survey put as the UK’s second largest cycle retailer in August

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