The Parts Alliance Group 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 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 per annum. 

The existing management team will continue to operate the business and Peter Sephton, chief executive of The Parts Alliance, will join Uni-Select’s executive team while continuing his leadership role in the UK as President and CEO of the European business segment. 

“This has been a fantastic journey, building a market leader in just over four years through 10 acquisitions and consistently strong organic growth,” says Peter Sephton.  “I and our management team would like to thank HgCapital for all their support as our 2,900 colleagues look forward to continuing that journey with Uni-Select, helping build a great international autoparts business together with the Uni-Select leadership team.” 

Henry Buckley, President and CEO of Uni-Select says: “We are excited to establish a third growth pillar in the large UK parts aftermarket that is expected to be immediately accretive in a market with great upside potential from future consolidation opportunities.” 

Martin Block, partner, HgCapital, adds: “We are delighted with the sale of this very special business to Uni-Select.  They will be a fantastic partner for the next phase of Parts Alliance's continued growth and development. “