The Parts Alliance group has been acquired by investors HgCapital (HgC). The acquisition of the business, along with its central facilities in Solihull and central warehouse in Smethwick, was completed on Friday 4 April. Peter Sephton has become chief executive, pledging “to build an industry leading board of industry experts” to drive the enhanced business forward. Sephton retains his role as Group CEO of the HgCapital-owned Parts Alliance members which trade under local brand names and are organised into The Western Alliance and The Eastern Alliance.