Allparts receive 'significant investment'

HG Capital adds distributor to portfolio

Published:  03 October, 2012

COMPONENT distributor Allparts Automotive Ltd, based in High Wycombe, Buckinghamshire, has announced a 'significant investment' from equity group HG Capital in order to fund network expansion. The news comes a short time after another distributor, CES also received cash for equity from the same firm.

Founder Steve Fulford will continue to support the Allparts management team and retain his position as chairman of The Parts Alliance. Speaking about the investment he said: "HG Capital's investment allows us to build upon the success the Allparts team has helped to create over the years and continue to expand our distribution network."

Parts Alliance colleague, CES (UK) Ltd, is now also part of the HG Capital portfolio.  Steve McCann, managing director of CES commented: "When we announced the CES plans for expansion, we did so knowing that the shape of our future would be very different to what the market place anticipates. We look forward to working with Allparts as this will generate great benefits for our customers and our people."

Allparts and CES will retain their own regional identities and work forces.  They will now begin working together more closely and concentrate on growing the coverage of The Parts Alliance.

Related Articles

  • Our pick of news in 2012 

  • Type Approval Roadshow 

    THE SOCIETY of Motor Manufacturers and Traders (SMMT) is going on the road next year to host a series of workshops that will help businesses get to grips with European Whole Vehicle Type Approval.

  • Seized cars saved 

    A DEAL between the Metropolitan Police and finance body HPI will see uninsured cars in London that have been seized by police returned to their rightful owners - namely the finance companies that lent money on them.  Previously the vehicles would have either been sold at auction, or crushed.

  • Govt. reject mandatory Code for MOT centres 

    THE GOVERNMENT will not force new MOT stations to join an OFT-backed code, nor will it require existing ones to do so. This is according to the Department for Transport's response to a recommendation published in a report from a focus group known as The Motorists Forum.

  • Training centre opens 

    THE DUKE of York opened Bosch's new multi-million pound training centre in Uxbridge on Wednesday, 12 December. The new Service Training Centre (STC) has been built to satisfy demand for the firm's automotive training courses from the UK aftermarket industry.


Sign Up

For the latest news and updates from Aftermarket Magazine.


Where should the next Automechanika show be held?


©DFA Media 1999-2018