Motor Parts Direct (“MPD”) is a leading independent motor factor in the South of England.
Keen to expand by acquisition as well as organically, the company engaged Strategic Corporate Finance to search for “off-the market” opportunities.
This was the third acquisition we found and completed for Motor Parts Direct Limited, following the acquisitions of CAT Components and Kevin Cooper Motor Factors.
SP Piercy (trading as Central Auto Supplies) operated 19 branches.
The three acquisitions found and completed by Strategic Corporate Finance added 39 branches taking the number operated by Motor Parts Direct to over 80.
These three transactions have also increased the buying power of Motor Parts Direct as well as expanding their geographic coverage.
“The acquisition search process we followed for Motor Parts Direct shows that it pays dividends to take a proactive approach when pursuing an acquisition strategy – these deals would not have happened by waiting for opportunities to come along.”