The Parts Alliance Group has been acquired from its private equity owner HgCapital by Uni-Select Inc., a Canadian publicly listed, North American automotive aftermarket distributor. The new owners are market leaders in the US and Canada, distributing aftermarket parts, equipment and refinish products through a network of fourteen distribution centres, 270 corporate stores and over 1100 independent wholesalers, has 3000 employees and generates annual sales of US$1.2 billion.
The Parts Alliance has, through a series of ten acquisitions since 2012, grown to become market leader in the UK. “This has been a fantastic journey, building a market leader in just over four years through ten acquisitions and consistently strong organic growth,” said Peter Sephton, CEO.
The Parts Alliance has emphasised to its customers that it is very much business as usual with the existing management team continuing to operate the business with Peter Sephton continuing in the UK as President and CEO of the European Uni-Select business segment.
The Parts Alliance has a network of almost 200 locations in the UK and Ireland which support over 23,000 customer accounts.
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