Uni-Select to buy Parts Alliance from HgCapital in $356 mln deal
Uni-Select Inc (TSX: UNS) has agreed to acquire Parts Alliance Group Ltd, a British distributor of automotive aftermarket parts with 161 corporate stores and 38 affiliated locations. The deal is valued at about $356 million (£205.0 million) and expected to close in the third quarter of 2017. The seller is U.K. private equity firm HgCapital, which first invested in Parts Alliance in 2012. Uni-Select, a Boucherville, Québec distributor of automotive refinish and industrial paint products and aftermarket parts, said the deal will facilitate its entry into the European market with a leadership position in the United Kingdom.
1 June 2017•6 mins read
