Leading UK parts supplier GSF Car Parts has been acquired by investment company Epiris.
GSF is national distributor of automotive parts for the independent aftermarket in the UK. It has both national and regional distribution centres supporting 180 branches across the country supplying acomprehensive product range sourced from around 700 global suppliers.
The acquisition of GSF by Epiris follows LKQ Corporation’s undertaking to sell the business given to the UK’s Competition and Markets Authority in connection with its acquisition of Uni-Select Inc.
Chris Hanna, Partner at Epiris, said, “GSF serves a large and resilient market. In the UK there are more than 25 million cars that are over three years old, and all need to be maintained to the standards set by the MOT test. GSF has an established position supplying the myriad products required to maintain these vehicles, with an offering built on customer service, product range and availability. We look forward to building on the strong platform that the GSF team have created.”
Alex Fortescue, Managing Partner at Epiris, said, “This is another classic Epiris deal, a corporate carve-out of a business with a strong position in an attractive, growth market. We see the opportunity to grow the business significantly with an acceleration of existing plans coupled with the fresh perspective we are able to bring.”