THE PARTS ALLIANCE ACQUIRES BROMSGROVE MOTOR FACTORS FOR AN UNDISCLOSED SUM

Buying group The Parts Alliance has acquired Worcestershire-based Bromsgrove Motor Factors (BMF) for an undisclosed sum.

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

He said: “Bromsgrove Motor Factors is a great business with outstanding customer and staff loyalty, providing local service in the Worcestershire area, and adds to our national strength.”

“This deal is an early demonstration of our declared aim to grow quickly, both organically and through the acquisition of successful parts distributor companies, large and small.”

When Sephton became Chief Executive of The Parts Alliance in April of this year, he retained his role as Group CEO of the HgCapital-owned Parts Alliance members that trade under local brand names and are organised into The Western Alliance and The Eastern Alliance.

“Since our investors HgCapital bought those businesses we have made significant strides in bringing them together, integrating best practice and introducing unified systems while encouraging a common vision and culture, but retaining the local brands, entrepreneurial spirit and customer focus,” said Sephton.

“This investment in our people has delivered a new level of camaraderie and confidence, which will be extended to our new colleagues from BMF, and I am delighted that MD Gary Kennett and Director Anthony Rollings will continue to lead the company and continue to grow the business.

“I am also delighted Gary has agreed to join our senior group leadership team to help us build a national market leader.”

Gary Kennett said: “We are looking forward to working with Peter Sephton and the rest of the management team and developing Bromsgrove Motors Factors into an even greater business.”

BMF was founded in 1978 and has branches in Bromsgrove, Redditch, Worcester and Kidderminster, with a delivery fleet of 30 and a staff of 65.

The acquisition comes only 11 weeks after The Parts Alliance itself was acquired by HgCapital, an investment company with a £2 billion automotive fun

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

IAAF Awards: Winners announced

Annual conference and Awards takes place online

Read More

North and South branch openings for GSF Car Parts

Bournemouth and Warrington join newly-rebranded parts chain

Read More

National Tyres acquired by Halfords for £62m

604-branch chain to become part of retail giant in a deal totalling £81m after capital expenditure and integration costs

Read More

New van fleet for Marathon

Warehouse distributor renews fleet with new Citroen Dispatch vans

Read More

Schaeffler to buy ‘green steel‘ from Swedish start-up

H2 Green Steel to supply OE producer

Read More

Go to comments

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