Hagen (Germany), 12 May 2017
'Over the past five years, Europart has positioned itself as the clear European market leader in the distribution of spare parts for commercial vehicles. Along with improving the sales mix and product assortment and pushing private label, the company has streamlined the business through sourcing optimization and logistics centralization. Europart has invested in a strong future by expanding its geographical footprint in the Nordic region through the acquisition of Swedish parts dealers LVD and Trailereffekter. We are very confident that the business will continue to prosper under its new owner, Alpha, and its industry experienced team. We would like to thank the management team and the employees for their valuable contributions to the company's development', said Peder Prahl, Director of the General Partner for the Triton funds.
Edin Hadzic, Partner at Paragon, commented: 'We remain impressed by the company’s progress over the last five years and what the management team and Europart’s employees have achieved to date. As the firm enters a new phase in its development, Alpha, as the new shareholder, will have ample opportunity to support the future growth with its industrial network.'
Luca Zacchetti, Senior Operating Partner for Alpha, stated: 'Alpha is delighted to work together with the current management team of Europart with the goal to grow the business further, to satisfy employees, customers and suppliers and to support accretive acquisitions.'
Pierre Fleck, CEO of Europart, added: 'Thanks to the support of our shareholders Triton and Paragon, the management and the employees of Europart have accomplished the tremendous task of repositioning and developing the company during the last five years. The new partnership between Europart and Alpha, an investor which will bring its strong industry experience as well as financial capability, will allow Europart to further accelerate its development.'