Uni-Select expands operations in mid-Atlantic region of US

The assets and operations to be acquired by Uni-Select include nine regional parts distribution warehouses and 67 parts stores located in Virginia, West Virginia, North and South Carolina, Delaware, Maryland, Ohio, Pennsylvania and Tennessee that cater to independent jobbers, installers and, to a lesser extent, retail customers. Parts Depot will retain its Florida-based warehouse and store operations. The acquired business and its assets will be included in the activities of Automotive Group USA; this development is expected to add annual sales of $180 million. William Alexander, president and CEO of Parts Depot will join Uni-Select USA along with the operating management team assigned to the acquired operations. The transaction should be completed on September 15, 2008 subject to customary closing conditions. Richard Roy, president and CEO of Uni-Select, said: "This transaction supports our strategy of expanding our distribution footprint in the US. The Parts Depot operations cover a territory that is almost completely complimentary to Uni-Select's Distribution Network and this acquisition provides a wonderful opportunity to continue our growth in the US market." Rollance Olson, chairman of Parts Depot, said: "This is exciting news for our employees, customers and vendors. It will allow both companies to more effectively compete and grow in our consolidating industry. Also, we have found the right partners in Uni-Select as their culture, values and business model, including support of the independent Jobber, are so similar to ours."