The Parts Alliance acquires associate member Car Parts & Accessories

THE Parts Alliance, the Solihull-based automotive buying and distribution group backed by HgCapital, has made its eighth acquisition, buying out associate member Car Parts & Accessories (CPA).

CPA, established in 1995, employs 120 people in 12 branches serving Hampshire, Sussex and Surrey. It has a delivery fleet of 60 vehicles and a turnover approaching £12m.

Financial details of the deal have not been disclosed.

CPA’s managing director Keith Anderson and other CPA executives will stay with the company.

Peter Sephton, chief executive of The Parts Alliance, said: “CPA is a great business with an exceptional commitment to customer service.

“We have been working closely with Keith Anderson and his team to bring them into our family of businesses. At The Parts Alliance we invest in our people and it is clear from the dedication and camaraderie of the team at CPA that they will fit straight in.

“Joint owner Nick Best has chosen this moment to retire and we wish him well and thank him for his great contribution.”

Anderson said: “We are looking forward to integrating further with The Parts Alliance and becoming an even greater business as the group expands into a market leader.”

The Parts Alliance bought Bromsgrove Motor Factors in June and 15 branches from the former Unipart Automotive.