The Parts Alliance strengthens its position as an aftermarket leader as GSF Car Parts (GSF) joins the group
The addition of GSF’s 75 branches brings the total number in The Parts Alliance network to well over
300, 160 under common ownership, giving the Solihull-based business group increased coverage in the UK and Ireland.
HgCapital continues to support The Parts Alliance with the acquisition of GSF which will be a wholly- owned business within Group but trade locally under its own brand name. GSF will continue under the Chairmanship of Stan West and his current management team. Stan West will also join the Board of the Group.
Commenting on the merger, Stan West, Chairman and founder of GSF, said: “This marks a great new chapter in the evolution of the company that I founded in 1977. GSF’s merger with The Parts Alliance and HgCapital’s investment allow us to maintain not only our culture and brand but also helps to create a true market leader.”
Peter Sephton, Chief Executive of The Parts Alliance, said: “This is a hugely significant acquisition which strengthens the product choice, service, value and expertise that we offer to our independent and national customers alike.
“GSF is a dynamic and successful business and I’m delighted to welcome Stan West and his 1,000 colleagues to our growing group. It’s a great match. We share the same values and both believe in building lasting relationships with customers and suppliers.
“This deal gives us unrivalled coverage: ensuring delivery on the ground to national and independent garages and workshops by people who really understand their local market.”
Stan West added: “I am looking forward to working with Peter and the Board to position the group as a class-leading supplier to the automotive aftermarket.”
Quelle: Nexus Automotive International