HgCapital aquires The Parts Alliance

Increased investment as new Chief Executive comes in

Published:  21 April, 2014

The Parts Alliance has been acquired by investment group HgCapital (HgC). The purchase includes the company's central facilities operations in Solihull and central warehouse in Smethwick.

Completed on the 4th April, the acquisition sees Peter Sephton become Chief Executive, while retaining his role as Group CEO of the HgC-owned members trading under local brand names. Other member companies, including BBC Superfactors, BMS Superfactors, Car Parts & Accessories, Dingbro, Mill Autoquip, Motex and Qualvecom become associate members and continue to trade as separate businesses, having not been part of the purchase, though each remains fully involved in The Parts Alliance activities with representation on the board.  At the same time Central Auto Supplies will leave the group and has been granted a six-month notice period.

Early objectives will include the adoption of a more integrated commercial function, allowing greater clarity and visibility of the business and a customer and service-centric approach, with closer relationships with clients and sharper management of the supplier base. There is also the opportunity for new member distributors.

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