Uni-Select acquires Parts Alliance
Uni-Select has completed the acquisition of The Parts Alliance, a major automotive aftermarket parts distributor in the UK.
Uni-Select Inc has completed the acquisition of 100% of the shares of PA Topco Ltd doing business as The Parts Alliance, one of the largest nationwide independent distributor of automotive aftermarket parts in the UK.
The transaction, in the amount of £205m was fully funded with debt from available credit facilities.
‘We could not be more pleased to be adding The Parts Alliance to the Uni-Select family. 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,’ said Henry Buckley, president and chief executive officer of Uni-Select.
‘The Parts Alliance is very thrilled to now be part of Uni-Select,’ said Peter Sephton, president and chief executive officer of The Parts Alliance.
Peter Sephton joins Uni Select’s executive team as president and chief executive officer of the European Automotive Group.
The transaction provides Uni-Select with 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.