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.”