Parts Alliance member CES (UK) has attached â€˜significant investmentâ€™ to accelerate expansion plans and strengthen its already key position in the UK aftermarket.
Although the exact source and size of the investment is not being revealed at this stage, Andrew Wilson of CES said it was money from outside of the automotive industry.
Steve McCann will continue to head the company operation with the support of CES founders Howard Warren and Charles Colton.
Warren said: â€œCES occupies a market-leading position. Our goal is to grow and scale our business, either organically within existing markets or through acquisitions. Over the years, everyone at CES has pulled together to build a great and successful business. With investment on board, we have put a framework in place for an exciting future.â€
CES will remain a committed member of The Parts Alliance. Steve Fulford, Chairman of The Parts Alliance commented: â€œWe are pleased with the developments regarding CES, which has attracted significant investment into the group. This has been a long term initiative which has now become a reality. CES will continue to be a member of The Parts Alliance. We look forward with great confidence to exciting times ahead which will see us build on the strengths of the Group and the success we have achieved to date.â€