The Parts Alliance Group has been acquired from its private equity owner HgCapital by Uni-Select Inc., a North American automotive aftermarket distributor. Uni-Select is a market-leader in the USA and Canada, distributing automotive aftermarket parts, equipment and refinish products through a network of 270 corporate stores and over 1,100 independent wholesalers, generating sales of $1.2 billion each year.
The Parts Alliance emphasises that it’s very much ‘business as usual’ for its customers. The existing management team will continue to operate the business and Peter Sephton, Chief Executive of The Parts Alliance, will join Uni-Select’s executive team while continuing his leadership role in the UK as President and CEO of the European business segment.
Martin Block, Partner, HgCapital, comments: “We are delighted with the sale of this very special business to Uni-Select. They will be a fantastic partner for the next phase of Parts Alliance’s continued growth and development. The Parts Alliance brings together a high-quality group of distinct brands with a common culture and local identity.”