The Parts Alliance Group, one of the leading autoparts distributors in the UK, has been acquired from its private equity owner HgCapital by Uni-Select Inc., a Canadian publicly listed, North American automotive aftermarket distributor.
New owners Uni-Select operate as a market leader in the USA and Canada, distributing automotive aftermarket parts, equipment and refinish products through a network of 14 distribution centres, 270 corporate stores and over 1,100 independent wholesalers with 3,000 employees generating sales of $1.2 billion USD per annum.
The Parts Alliance, a founder member of NEXUS Automotive International SA, has grown quickly to be No. 2 in the UK market through a series of 10 acquisitions since 2012. The Group employs 2,900 colleagues.
NEXUS CEO Gael Escribe said, “We congratulate The Parts Alliance on its new investor. The aftermarket continues to consolidate, and this new investment into the UK by a Canadian company underlines the increasingly global nature of the market the progressive N! Community operates in.”