The Parts Alliance has bought Birmingham-based German Swedish & French Car Parts (GSF) in a deal which strengthens the Solihull company’s position in the automotive aftermarket.
The addition of GSF’s 75 branches brings the total number in The Parts Alliance network to well over 300, 160 under common ownership.
HgCapital supported The Parts Alliance with the acquisition of GSF which will be a wholly-owned business within the group but trade locally under its own brand name.
GSF will continue under the chairmanship of Stan West and his current management team. Mr West will also join the board of the group.
He 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.
“GSF is a dynamic and successful business and I’m delighted to welcome Stan West and his 1,000 colleagues to our growing group. It’s a great match. We share the same values and both believe in building lasting relationships with customers and suppliers.
“This deal gives us unrivalled coverage - ensuring delivery on the ground to national and independent garages and workshops by people who really understand their local market.”
Mr West added: “I am looking forward to working with Peter and the board.”
PwC advised GSF on the deal.
PwC deals adviser who led the team, Sarah Taylor said: “As a family-owned business, GSF is a real Midlands success story. Based in Birmingham, the company has created an iconic brand in the industry and developed a nationwide network of branches.
“Its growth into one of the UK’s leading players in the sector is testimony to the innovation and drive of Stan and his team.