Allparts receive ‘significant investment’

3 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.