SC hasn’t disclosed the size of the investment, only describing it as “significant.”
The company says the investment will help it to accelerate plans to expand its network and strengthen its position within the UK aftermarket.
Co-Founder and Managing Director of SC Motor Factors Jeremy Stopher said: “The investment by HgCapital in SC Motor Factors is recognition of the great business that we’ve built. SC Motor Factors has gained a strong reputation within the automotive aftermarket and the investment by HgCapital will allow us to build on our success and strengthen and develop our business network further.”
The company has confirmed that following the investment Stopher will continue to manage the company and will drive forward its plans for growth.
SC Motor Factors will also remain part of The Parts Alliance. Chairman Steve Fulford said: ““We’re absolutely delighted that another member of The Parts Alliance will receive investment. This will further strengthen the capabilities of The Parts Alliance, increase the group’s distribution network and help drive forward our plans for the future. It’s an exciting time for everyone connected with the group.”
Fellow UKPA members CES and Allparts Automotive have also received significant investments from HgCapital.