All 180 branches of GSF Car Parts has been sold by LKQ Corporation to private equity firm Epiris Fund III for an undisclosed sum.

GSF Car Parts was acquired by LKQ Corporation in February when it bought Canadian rivals Uni-Select, which owned GSF. The deal was finalised in August, but it was expected that GSF would need to be sold on to conform with UK competition rules.

Commenting on the deal, Chris Hanna, Partner at Epiris, said:“GSF serves a large and resilient market: in the UK there are more than 25 million cars that are over three years old, and all need to be maintained to the standards set by the MOT test. GSF has an established position supplying the myriad products required to maintain these vehicles, with an offering built on customer service, product range and availability. We look forward to building on the strong platform that the GSF team have created.”

Epiris Managing Partner Alex Fortescue added: “This is another classic Epiris deal: a corporate carve-out of a business with a strong position in an attractive, growth market. We see the opportunity to grow the business significantly with an acceleration of existing plans coupled with the fresh perspective we are able to bring.”

For more information, visit: www.epiris.co.uk