Tag Archive | "Alliance Automotive Group"

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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AAUK ACQUIRES WHITEHAVEN FACTOR

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AAUK ACQUIRES WHITEHAVEN FACTOR


The British arm of Alliance Automotive Group, AAUK, has resumed it’s buying spree with the acquisition of Whitehaven-based A&B Autoparts Ltd.

The single-branch light vehicle factor was an existing member of GroupAuto and had been run by the Farragher family since 2002.

Terms of the deal have not yet been disclosed.

READ: AAG MAKES MAJOR ACQUISITION OF 150 BRANCH DISTRIBUTOR

READ: AUTOQUIP MIDLANDS TAKEN OVER BY AAUK

A&B Autoparts now owned by AAUK

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RAPID GROUP FOUNDER SOLD TO GROUPAUTO PARENT

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RAPID GROUP FOUNDER SOLD TO GROUPAUTO PARENT


Carlisle-based motor factor chain TMS has been sold to Alliance Automotive Group (AAG), the parent company of the GROUPAUTO and UAN buying groups.

The 24-branch factor is active over Northern England and Southern Scotland. Terms of the deal have not been announced.

TMS Motor Spares Ltd started life as Teviot Motor Factors Ltd in the 1970’s when two of the current Directors bought a factors franchise.  A change of ownership led to TMS Motor Spares being set up in 1996 with a single branch (Annan). The business’ approach to trade factoring was a success and lead to expansion, resulting in the formation of the Rapid buying group in 2005.

AAG also announced the acquisition of three other Scottish single-branch factors that were already existing members. These are Livingston Autoparts Ltd, WD Motor Factors based in Dunfermline and Alloa-based Bridge Motor Factors.

 

 

 

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MOTORCARE MOTOR FACTORS ACQUIRED BY GROUPAUTO PARENT

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MOTORCARE MOTOR FACTORS ACQUIRED BY GROUPAUTO PARENT


Abergavenny-based Motorcare Motor Factors has been taken over by AAG, parent of the GroupAuto buying group.

The Motorcare chain comprises of six branches in Wales and the West of England. A branch in Brecon was opened as recently as April of this year.

Motorcare Discount (as it was originally known) was founded in 1984 in Abergavenny by Allen Bailey as an accessory and parts retail store, catering mainly for DIYers. In common with many parts shops it started doing an increasing amount of trade work, and it moved to an industrial unit in the mid-1990s.

Further branches followed from 2010 onwards, and the family-run chain picked up several GroupAuto member awards, including Member of the Year for the large factor, light vehicle category in 2017 (pictured)

Bob Ackroyd Managing Director GROUPAUTO, Justin Bailey and Simon Bailey of Motorcare Motor Factors.

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AAG ACQUIRE FAST PARTS WALES AND MORE

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AAG ACQUIRE FAST PARTS WALES AND MORE


Newport-based factor chain Fast Parts Wales and Peterborough-based Hereward Car and Truck Components are among a list of businesses acquired by Alliance Automotive Group in the last quarter.

Fast Parts Wales is a three branch light vehicle factor business based in South Wales with depots in Abercarn, Cwmbran & Tredegar.  The business was started around 25 years ago by the Travis family and the deal also includes the FastRads cooling system business based in Abercarn. The annual sales are around £9m and prior to the acquisition the business was a member of AAG’s GROUPAUTO buying group.

Hereward Car and Truck Components is another family run business, started in 1983 by the Saddington family. The two-branch factor was a member of the IFA buying group prior to the acquisition by AAG. Annual sales have been around £2.8m.

Single branch factors Macclesfield Motor Factors, DMFX (Darlington) and GD Components (Anglesey) have also been acquired by AAG.

There’s more info in the January issue of CAT Magazine.

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BREAKING: AAG ACQUIRED BY GENUINE PARTS COMPANY

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BREAKING: AAG ACQUIRED BY GENUINE PARTS COMPANY


BREAKING:  The following statement has been released by Genuine Parts Company:

ATLANTA and LONDON, September 25, 2017 — Genuine Parts Company (NYSE: GPC) (“the Company”) and Alliance Automotive Group (“AAG”), a leading European distributor of vehicle parts, tools and workshop equipment, announced today that they have entered into a definitive agreement under which Genuine Parts Company will acquire Alliance Automotive Group from private equity funds managed by Blackstone and AAG’s co-founders.  The acquisition is valued at a total purchase price of approximately $2 billion, including the repayment of AAG’s outstanding debt upon closing. The transaction has been approved by the Board of Directors of GPC and is expected to close in the fourth quarter of 2017, subject to the satisfaction of customary closing conditions and applicable regulatory approvals.    

AAG is the second largest parts distribution platform in Europe, with a focus on light vehicle and commercial vehicle replacement parts.  Headquartered in London, AAG has 7,500 employees and over 1,800 company-owned stores and affiliated outlets across France, the U.K. and Germany. AAG has a consistent track record of organic revenue and earnings growth supported by strategic investments based on a proven M&A strategy to gain scale, efficiencies and geographic coverage. 

AAG is expected to generate gross annual billings of approximately $2.3 billion (US$) including supplier direct billings, or $1.7 billion of revenue on a U.S. GAAP basis in 2017.  Additionally, the Company expects the acquisition to be immediately accretive to earnings in the first year after closing.  For 2018, incremental diluted earnings per share is estimated at $0.45 to $0.50 and adjusted earnings per share is estimated at $0.65 to $0.70, which excludes the amortization of acquisition-related intangibles.  The Company expects to incur one-time transaction costs in the fourth quarter of 2017.  

Paul Donahue, Genuine Parts Company’s President and Chief Executive Officer, stated, “We are excited to combine with AAG and enter the European markets with critical scale and a leading market position in the automotive aftermarket.  AAG is poised to contribute significant sales growth and earnings accretion to Genuine Parts Company and also serves to enhance the GPC platform for long-term, sustainable expansion across the global automotive parts industry.  AAG has a strong management team and a deep bench of talent, and our similar cultures and histories make this acquisition an excellent strategic fit. We are confident this business investment will create significant value for our shareholders, and we welcome the AAG team to the Genuine Parts family.  We look forward to their future contributions to our ongoing success.”

Jean-Jacques Lafont, Chairman, Chief Executive Officer and co-founder of Alliance Automotive Group, said, “The AAG team has tremendous respect for Genuine Parts Company and its well-deserved reputation as a long-standing leader in the automotive parts industry.  We are very pleased to combine our two great businesses and leverage our collective resources and expertise to accelerate growth.  AAG’s success is a testament to the hard work and dedication of our wonderful employees, without whom this transaction would not be possible. I am confident that, together, we will achieve great things and continue to provide the highest quality parts and service to our combined customers across the globe.” 

Lionel Assant, Head of European Private Equity at Blackstone, said, “Over the past three years, AAG has experienced tremendous growth and transformed into one of Europe’s leading automotive parts distributors.  We would like to thank AAG’s management team led by Jean-Jacques Lafont and Alistair Brown for their vision and leadership as well as all its staff for their exceptional efforts.  We have no doubt that the business will go on to further growth under Genuine Parts Company, which is the right partner to support AAG’s continued success.” 

The Company intends to finance the transaction, including the pay-off of AAG’s existing debt arrangements, with approximately $2 billion of debt financing.  This will include the combination of new term loan agreements, new multi-currency debt and an upsized revolving credit facility

 

We’ll have more analysis on this breaking story soon.

 

 

 

 

 

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LDS ACQUIRED BY GROUPAUTO PARENT

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LDS ACQUIRED BY GROUPAUTO PARENT


LDS website

South Wales-based motor factor LDS appears to have been acquired by Alliance Automotive Group, parent of Groupauto.

Neither party has issued a statement as of yet (AAG usually issues quaterly round- ups of its activities) however, Companies House Lyndon Smith, Louise Smith and Wayne Thomas were terminated as Directors in July, while John Coombes, the Finance Director at Alliance Automotive Group was appointed Director on the same day. Additionally, the registered office details have been changed to AAG’s Birmingham HQ.

LDS was formed in 1990 and the first branch was in Barry. Over the years the company grew to three branches, the largest of which was a new site in Barry measuring 19,000sq ft. A merger in 2014 with factor Normag led to the creation of a branch called LDS Normag. At the time of writing, the chain consists of 30 vans and 60 staff. It has enjoyed a good relationship with Groupauto, winning the coveted ‘Member of the Year’ award in 2014.

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BREAKING: AAG TO ACQUIRE CONTROLLING SHARE OF GROUPAUTO POLAND

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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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ALLIANCE AUTOMOTIVE GROUP ANNOUNCES FURTHER ACQUISITIONS

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ALLIANCE AUTOMOTIVE GROUP ANNOUNCES FURTHER ACQUISITIONS


Alliance Automotive Group, parent of Groupauto has announced that it has made three UK acquisitions in the UK.

The first and largest is North-West factor chain Auto Battery Services.
The long-established business has branches in Rochdale, Chester, Ellesmere Port, Sheffield, Stockport, Thameside and Oldham and has sales of EU 11.6m

AAG also acquired Bromley-based Southern Motor Factors. This two branch light vehicle parts distributor has a branch in Crayford as well as in Bromley.

The final business to be acquired in this period is Havant Motor Factors. This single branch has been in business for 25 years and employs a modern cataloguing system. It reports sales of
EU 2.9m

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TOTAL LUBRICANTS CO-BRAND GROUPAUTO MEMBER’S VANS

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TOTAL LUBRICANTS CO-BRAND GROUPAUTO MEMBER’S VANS


Leicestershire based multi-site factor All Vehicle Parts received delivery of a new dual branded Peugeot Partner at the Auto Care Show in Cardiff last Friday.

The van contains the graphics of Total Lubricants, a brand recently taken up by GroupAuto and a new key supplier All Vehicle Parts. A new strategy across the buying group’s members is to have a single brand take up 50 percent of panel space on the vehicle, with the remainder used for the factor and GAU’s logos.

Lee Dunkley, Sales & Operations Manager explained: “Previously, most factors, including us, would have vans branded in our own scheme with a few supplier logos on them. However the logos seem to get lost in the layout and did not add any benefit, so we felt we needed to change this and not to let our biggest advertising asset go to waste”.

Explaining the switch to Total, Dunkley said: “We had been a Millers Oils distributor for a considerable amount of time with great success, so when Millers decided that they did not want to be a GroupAuto approved supplier it caused a great deal of anxiety initially.”

“We were approached by numerous oil suppliers and we had to make a decision on who would be our supplier for the considerable future, as the days are gone of stocking a dozen different oil brands”

“Some suppliers also quoted that an oil is approved but couldn’t provide any proof of that being the case, whereas with Total if an oil is approved, a signed, dated certificate from the vehicle manufacturer which also contains an expiry date is available for us to give to our customers for further piece of mind.”

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