Rosenblatt has acted for the Senior Management team of the Parts Alliance Group in connection with the sale of their shareholding in the Parts Alliance Group to Canadian publicly-listed, Uni-Select Inc. The majority shareholder, private equity house HG Capital Trust Plc, and the minority shareholders have agreed to sell the entire share capital of the Parts Alliance Group to Uni-Select Inc. for a transaction value of £205million.
The Parts Alliance Group, through a series of 10 acquisitions since 2012, has grown to become a market-leader in the distribution of automative aftermarket parts in the UK. It now forms part of an enlarged group of thirteen parts distributors (ten of which are owned by the Parts Alliance Group), with a combined group turnover of c.£450 million. The Group has a network of close to 200 locations including 161 corporate stores and supports over 23,000 customer accounts.
Uni-Select Inc. is a leader in the distribution of automotive refinish and industrial paint and related products in Canada and the USA, and in the automotive aftermarket parts business in Canada. The acquisition will provide Uni-Select Inc. with a point of entry into the UK and European automotive parts aftermarkets.
Jon Lovitt and Sandra Rodriguez from Rosenblatt’s corporate team advised Management with support from Rosenblatt’s employment and tax groups.
