Sukhpal teams up with private equity on GSF Car Parts acquisition
The purchase of GSF Car Parts to private equity firm Epiris was undertaken in conjunction with The Ahluwalia Family Office, and a result original ECP founder Sukhpal Singh Ahluwalia has become GSF’s Executive Chairman, with Steve Horne as Chief Executive Officer.
GSF Car Parts Executive Chairman Sukhpal Singh Ahluwalia said: “This is a hugely exciting time for GSF Car Parts, and I look forward to working with all of our valued team members, customers, and global suppliers as we start on this new journey together. I have a huge respect for the GSF team, including the business’ hard-working branch team members and head office colleagues. Relationships have always been at the centre of GSF’s success, and that’s something that we’re going to double down on.”
GSF Car Parts Chief Executive Steve Horne added: “We will turn the business into a fast-growth, sales-focused company with our customers, suppliers, and team members at its heart. This growth plan will deliver opportunities across the industry; New sales channels for our valued global suppliers, added convenience for our important customers, and new roles for our knowledgeable team members.”
The new team plans to increase the number of GSF branches, boost its e-commerce offering and invest in its catalogue, IT and delivery fleet.