07:14:13 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Uni-Select Inc
Symbol UNS
Shares Issued 42,273,812
Close 2018-04-23 C$ 20.13
Market Cap C$ 850,971,836
Recent Sedar Documents

Uni-Select's The Parts Alliance adds 3 branches in U.K.

2018-04-24 10:15 ET - News Release

Mr. Henry Buckley reports

UNI-SELECT INC.: THE PARTS ALLIANCE CONTINUES TO EXPAND ITS NETWORK WITH THREE BRANCH OPENINGS

The Parts Alliance (TPA), one of Uni-Select Inc.'s subsidiaries, has recently opened three new branches in the United Kingdom (two in March and one in April). This follows the two branch openings in February and two in the fourth quarter of 2017, for a total of seven openings since the acquisition of TPA by Uni-Select in August, 2017. In the past few months, it also integrated two stores in its network. Therefore, on a net basis, it added five new stores.

These branch openings fully align with TPA's commitment to extend its geographic coverage and build market density in core markets across the United Kingdom. It now operates 174 branches and remains committed to growing its network organically and through select acquisitions.

"The seven greenfield store openings since we are part of Uni-Select are a testament to the continued success of our strategy and provide us with increased coverage in our target market. These new locations will enable improved service for both independent garages and the group's growing national accounts portfolio. In fact, we recently renewed a large national account for several years," said Peter Sephton, president and chief executive officer, European automotive group.

"Our goal is to help The Parts Alliance expand its customer service and coverage through a combination of select acquisitions and new branch openings. The Parts Alliance has a history of being able to successfully open branches and achieve profitability in a relatively short time period. We are very pleased with the pace of branch openings and expect to continue to expand our network in the coming year," added Henry Buckley, president and chief executive officer of Uni-Select.

About Uni-Select Inc.

Uni-Select is a leader in the distribution of automotive refinish and industrial paint and related products in North America as well as a leader in the automotive aftermarket parts business in Canada and in the United Kingdom.

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