Tag Archive | "parts alliance"

BREAKING: PARTS ALLIANCE SOLD TO UNI-SELECT

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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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BMS SUPERFACTORS ACQUIRED BY PARTS ALLIANCE

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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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GSF REPLACE 60 PERCENT OF VAN FLEET

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GSF REPLACE 60 PERCENT OF VAN FLEET


350 new vans for GSF in 2017

350 new vans for GSF in 2017

Factor chain GSF Car Parts has ordered 350 new vans to replace some of the older vehicles in its fleet in a deal valued at £3.5m

GSF has already taken delivery of 12 Peugeot Partner vans at its Birmingham head office but, during the course of 2017, will replace a total of 350 vehicles – representing some 60 percent of its UK fleet – across its nationwide network of 65 branches.

Following the takeover of the company by Hg-owned Parts Alliance in 2015, the management of the GSF fleet is being transferred into The Parts Alliance Group’s fleet team, under Steve Evans, Group Fleet Manager and Tony Shearer, Branch Operational Services Director.

“This is a major investment that will bring the GSF van fleet into line with our fleet policy for the rest of the group,” said Tony Shearer. “We generally work on a four to five year and 150,000 mile replacement cycle.”

The vehicles are being financed through fleet management firm Zenith and sourced though Robins and Day, a London dealer owned directly by Peugeot.

 

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WATERLOO ACQUIRED BY PARTS ALLIANCE

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WATERLOO ACQUIRED BY PARTS ALLIANCE


Waterloo Motor Factors has been acquired by private equity-backed business group The Parts Alliance. The East-Riding based business has branches in Hull, Beverley and Bridlington and was founded in 1928 by James Henry Munday.

It becomes a wholly-owned business within the HgCapital-owned Parts Alliance Group but will continue to trade under its own name. David Brooks, founder of SAS Autoparts will take over day-to-day running of the firm.

Current MD Jim Munday said: “As a three-generation family business, building long term relationships and providing quality local service are in our DNA. We look forward to working with (PA CEO) Peter Sephton and the rest of the management team to accelerate our growth in what are very exciting times for our trade.”

Peter Sephton said: “I’m delighted Jim Munday has agreed to work with us to facilitate the integration into The Parts Alliance and the transition of leadership to David Brooks, founder of SAS Autoparts, as we seek to extend our branch footprint and optimise our distribution and reach into the region”.

“Jim will continue to advise us on development projects and we are delighted to have Jim and his colleagues at Waterloo as part of our Group.”

The factor was previously a member of the IFA buying group. The change of ownership will see a number of different brands filling the stockroom.

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EXETER TRADE SHOW DRAWS LARGE CROWD


pa

Matt Neil shared stories

A very high turnout was recorded at a regional trade show organised by the Parts Alliance in Exeter.

The event was held in the function rooms of the Exeter Chiefs rugby club and had a variety of suppliers promoting their wares, running competitions and passing on fitting tips and best practice to technicians.

An added attraction was touring car driver Matt Neil who shared anecdotes about his career with the crowd throughout the evening. Exeter Chiefs’ and England forward Thomas Waldrom also gave special guest interviews with question and answer sessions to follow.

Visitors were mostly customers of branches in the South West. Most of these branches are former Unipart Automotive sites, which were simply re-branded as Parts Alliance.

Paul Dineen, Head of Garage Programmes at The Parts Alliance said: “To host a midweek evening event and attract so many people after the working day was a great achievement. It was also half- term so a number of owners brought their families
along too”.

“Huge credit goes to all the team who worked tirelessly to organise the evening and of course to the supporting suppliers and attending garage customers who made the effort to come along”.

The mix of suppliers included brands like Delphi, Yuasa, Valeo and Remy with the Angry Jester tools and equipment stand also doing brisk business on the night. Trade bodies such as The IMI, The Motor Ombudsman (which revealed it’s new logo at the show) and the IAAF were present, Arthur J. Gallagher Insurance and AA Garage Guide were also on hand to answer questions from technicians.

Appreciative customers included Jenny Hill from East Budleigh Garage, who said: “Thank you very much for a great evening. We all really enjoyed it!”.

Visiting garages gained some excellent value; a whole series of supplier ‘show special offers’ were supplemented by over £5,000 worth of prizes awarded on the night. These included an Android Tablet, Amazon Fire Stick, BTCC Tickets, a 50” Television and a free loan car for a year.

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500 ATTEND REGIONAL PARTS ALLIANCE SHOW


A very high turnout was recorded at a regional trade show organised by the Parts Alliance in Exeter.

The event was held in the function rooms of the Exeter Chiefs rugby club and had a variety of suppliers promoting their wares, running competitions and passing on fitting tips and best practice to technicians.

An added attraction was touring car driver Matt Neil who shared anecdotes about his career with the crowd throughout the evening.

Visitors were mostly customers of branches in the South West. Most of these branches are former Unipart Automotive sites, which were simply re-branded as Parts Alliance.

Paul Dineen, Head of Garage Programmes at The Parts Alliance said: “To host a midweek evening event and attract so many people after the working day was a great achievement. It was also half-term so a number of owners brought their families along too”.

“Huge credit goes to all the team who worked tirelessly to organise the evening and of course to the supporting suppliers and attending garage customers who made the effort to come along”.

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SAS AUTOPARTS ACQUIRED BY PARTS ALLIANCE

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SAS AUTOPARTS ACQUIRED BY PARTS ALLIANCE


Peter Sephton

Parts Alliance Group CEO Peter Sephton

Business group The Parts Alliance has swelled its ranks with the acqusition of SAS Autoparts. Terms of the deal were not disclosed.

SAS was founded in 1960 and has branches in Harrogate, Otley, Skipton, Bradford, Castleford and Northallerton.

The Parts Alliance’s Chief Executive Peter Sephton said he was excited to be welcoming new colleagues from SAS to the HgCapital-backed group

‘’SAS Autoparts is a great business with outstanding customer and staff loyalty providing local service in the Yorkshire area and adds to our national strength’’ he said.

HgCapital continues to support The Parts Alliance with the acquisition of SAS, which will be a wholly owned business within The Parts Alliance Group but will continue to trade locally under its own brand name and will continue under Managing Director David Brooks and his current management team.

Peter Sephton added: “This is a great acquisition which strengthens our presence in the north while encouraging a common vision and culture, but retaining local brands, entrepreneurial spirit and customer focus.”

David Brooks said: “We are looking forward to working with Peter Sephton and the rest of the management team and developing and growing SAS into an even better business.”

 

 

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GSF ACQUIRED BY THE PARTS ALLIANCE

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GSF ACQUIRED BY THE PARTS ALLIANCE


GSF's 62nd branch is located in Middlesbrough

GSF’s 62nd branch is located in Middlesbrough

GSF Car Parts has been acquired by The Parts Alliance in the latest high-profile takeover in the aftermarket.

The addition of GSF’s 75 branches brings the total number in The Parts Alliance network to well over 300, 160 under common ownership, giving the Solihull-based business group increased coverage in the UK and Ireland.

Investment group HgCapital continues to support The Parts Alliance with the acquisition of GSF which will be a wholly-owned business within Group but trade locally under its own brand name.

GSF will continue under the Chairmanship of Stan West and his current management team. Stan West will also join the Board of the Group.

Commenting on the merger, Stan West, Chairman and founder of GSF, said: “This marks a great new chapter in the evolution of the company that I founded in 1977. GSF’s merger with The Parts Alliance and HgCapital’s investment allow us to maintain not only our culture and brand but also helps to create a true market leader.”

Peter Sephton, Chief Executive of The Parts Alliance, said: “This is a hugely significant acquisition which strengthens the product choice, service, value and expertise that we offer to our independent and national customers alike.

“GSF is a dynamic and successful business and I’m delighted to welcome Stan West and his 1,000 colleagues to our growing group. It’s a great match.  We share the same values and both believe in building lasting relationships with customers and suppliers.

“This deal gives us unrivalled coverage: ensuring delivery on the ground to national and independent garages and workshops by people who really understand their local market.”

Stan West added: “I am looking forward to working with Peter and the Board to position the group as a class-leading supplier to the automotive aftermarket.”

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FACTOR CHAIN HEADS WEST

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FACTOR CHAIN HEADS WEST


bipper van

bipper van

Swansea-based factor chain GMF has opened its 15th branch, creating jobs and expanding its network further into West Wales

The 10,000 sq ft purpose-built distribution unit, which will carry £1 million worth of stock, is at West Estate Business Park in Haverfordwest, close to Withybush Industrial Estate and Haverfordwest Airport.

It is the Part’s Alliance owned chain’s fifth outlet covering the region, and is said to be an ideal location from which to provide a delivery service to the coast and surrounding Pembrokeshire area.

It also allows Carmarthen’s distribution area to extend further north.

Branch manager Steve Moon said: “Having started my career as a 16-year-old at a local motor factor and owned my own classic car components business, I’m excited to return to my roots for what is my biggest and most exciting challenge yet, opening the new Haverfordwest branch.”

GMF is the current holder of the CAT Large Factor of the Year award. It is the only factor to have won this trophy four times.

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THE PARTS ALLIANCE ACQUIRES CPA

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THE PARTS ALLIANCE ACQUIRES CPA


Buying and distribution group The Parts Alliance has made its eighth acquisition, buying out associate member Car Parts & Accessories (CPA).

CPA, established in 1995, employs 120 people in 12 branches serving Hampshire, Sussex and Surrey. It has a delivery fleet of 60 vehicles and a turnover approaching £12 million.

The acquisition was completed on Friday 26 September with CPA’s Managing Director Keith Anderson and other CPA leaders continuing with the distributor.

CPA becomes part of the Eastern Alliance of HgCapital-owned businesses within The Parts Alliance, the others being Allparts Automotive and SC Motor Factors.

The inclusion of CPA brings the number of branches in the Eastern Alliance to 33. The Western Alliance comprises GMF and CES UK.

James Geldart, newly appointed MD of the Eastern Alliance, said: “I am delighted to have CPA as part of our business portfolio and I welcome all their employees to our family.”

The Alliance businesses work closely together sharing common systems and best practice but trade locally under individual brand names.

The acquisitions are completed by the takeover of Bromsgrove Motor Factors, in June, and 15 branches from the former Unipart Automotive.

Peter Sephton, Chief Executive of The Parts Alliance, said: “CPA is a great business with an exceptional commitment to customer service.

“We have been working closely with Keith Anderson and his team to bring them into our family of businesses. At The Parts Alliance we invest in our people and it is clear from the dedication and camaraderie of the team at CPA that they will fit straight in.

“Joint owner Nick Best has chosen this moment to retire and we wish him well and thank him for his great contribution.”

Keith Anderson said: “We are looking forward to integrating further with The Parts Alliance and becoming an even greater business as the group expands into a market leader.”

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