HgCapital sells The Parts Alliance
Canadian autoparts company Uni-Select has entered the UK market with the acquisition of The Parts Alliance Group, meaning the exit of private equity investor HgCapital. Uni-Select distributes aftermarket parts, equipment and refinish products through a network of 14 distribution centres, 270 corporate stores and over 1,100 independent wholesalers in Canada and the US, generating sales of around $1.2bn per annum. The Parts Alliance is one of the UK’s leading suppliers of automotive parts to the independent aftermarket. It has made 10 acquisitions since 2012 itself; the latest, of BMS Superfactors, was completed in May.