Leading aftermarket parts supplier The Parts Alliance has been acquired by Canada-based Uni-Select Inc for £205m.
Uni-Select completed the acquisition of 100% of the shares of PA Topco Limited, trading as The Parts Alliance, the second largest nationwide independent distributor of automotive aftermarket parts in the United Kingdom.
Henry Buckley, president and chief executive of Uni-Select, said that the acquisition presented his business with “significant growth prospects”.
He added: “This is an exciting new growth pillar for Uni-Select in the large and fragmented UK marketplace.
“The Parts Alliance is the UK’s second largest automotive aftermarket parts distributor with 161 locations and growing plus affiliated members, all serving local and national customers across the UK.”
Peter Sephton, president and chief executive of The Parts Alliance, said: “All of my colleagues in our organization, our suppliers, members and all other stakeholders see the opportunity for long term financial growth and stability, as well as personal growth as we join a team of like-minded individuals.”
Peter Sephton joins Uni Select’s executive team as president and chief executive of the European Automotive Group.
A statement issued by Uni-Select said that the deal provided an attractive point of entry into a new geographic market currently in consolidation with high growth and accretion potential and a third growth pillar to complement its segments, Canadian Automotive Group and FinishMaster US.
With the addition of The Parts Alliance, Uni-Select now has a strong team of over 6,000 dedicated team members, spread across a network of 16 distribution centres and over 430 corporate stores located in North America, United Kingdom and Ireland.