The Parts Alliance has strengthened its position in the aftermarket sector after acquiring GSF Car Parts.
The addition of GSF’s 75 branches brings the total number in The Parts Alliance network to more than 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.
West 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."
Login to comment
Comments
No comments have been made yet.