Steve Fulford, Chairman The Parts Alliance
Steve Fulford, Chairman The Parts Alliance

Allparts Automotive will benefit from a significant investment from HgCapital.

The private equity firm has also invested in fellow Parts Alliance member CES, confirming Hg as the “mystery investor” alluded to in previous months.

The aim of the investment is to grow the Allparts chain and strengthen its position in the market.

Steve Fulford will continue to support the Allparts management team including Managing Director Mark Darvill, and will retain his position as Chairman of the Parts Alliance.

“Allparts has always strived to be at the forefront of industry change,” said Darvill “HgCapital’s investment allows us to build upon the success the Allparts team has helped to create over the years and continue to expand our distribution network.”

CES also received a significant investment earlier this year from HgCapital, again geared towards growing its network. Managing Director Steve McCann said: “When we announced the CES plans for expansion, we did so knowing that the shape of our future would be very different to what the market place anticipates. We look forward to working with Allparts as this will generate great benefits for our customers and our people.”

Both businesses have reaffirmed their commitments to the Parts Alliance, saying they would like to grow the group’s coverage in the coming months. Such expansion is already happening for the group with news that Motex has joined the Parts Alliance earlier this month.

Allparts benefits from new investment
Allparts benefits from new investment

Steve Fulford says he is “delighted” with the announcement: “[Allparts] remains a key member in the Parts Alliance and this latest investment reinforces the group’s intentions. It’s just another part of the plan.

“We will be seriously growing, we’re going to grow by members acquiring other businesses and taking on new members. We’re looking at the whole country.

“It’s good for the company, it’s good for the staff and it’s good for the group. Perfect.”

Published by Darrenmoss

CAT magazine's in-house reporter and self-confessed petrol head

National Auto Parts name to be dropped

Friction company to be renamed after parent company

Read More

GS Yuasa spend on national TV advertising

Combined brands to be marketed together for the first time

Read More

ECP opens Cirencester branch

New location for national chain in the Cotswolds

Read More

DVSA: ‘Stop using scissor lift immediately’ notice, following collapse

Users of Saturnus range of lifts advised to stop use until a repair kit has been installed

Read More

Optimal changes name to UKS Distribution

Rebrand follows from recent MBO by Geoff Jones

Read More

Go to comments

Your email address will not be published. Required fields are marked *