Alliance Automotive Group acquired by BLACKSTONE
Context
Blackstone, together with the founders of Alliance Automotive Group (AAG), has announced the acquisition of the company from Weinberg Capital Partners. The transaction marks a new phase in the development of one of Europe's leading independent automotive aftermarket distributors, with strong positions in both France and the United Kingdom. The investment is consistent with Blackstone’s strategy of supporting market-leading businesses operating in fragmented industries with significant consolidation opportunities. Alliance Automotive Group’s extensive distribution network, logistics capabilities and proven acquisition-driven growth model provide a strong platform for continued expansion across Europe. Blackstone intends to support the group in accelerating organic growth while continuing its strategy of targeted acquisitions to strengthen geographic coverage and expand its distribution network. The continued involvement of the founders reflects a shared commitment to maintaining the company’s long-term development strategy and preserving its close relationships with independent distributors and repair professionals. Following completion, the group plans to implement several operational initiatives aimed at improving efficiency, including the harmonisation of selected business processes, optimisation of inventory management and further development of digital tools supporting its distribution network. The transaction is also expected to strengthen collaboration across the group’s various distribution brands while preserving their individual market identities. With Blackstone’s support, Alliance Automotive Group aims to reinforce its position as a leading European automotive aftermarket platform by combining operational excellence, an extensive logistics network and a disciplined long-term growth strategy.
Alliance Automotive Group, which reported an EBITDA margin of [members only] in 2013, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Industry & Manufacturing sector (11.7x).
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Target
Alliance Automotive Group (AAG) is one of Europe's leading independent automotive aftermarket distributors, specialising in the distribution of replacement parts, accessories and value-added services for the automotive repair industry. Established in 1989, the group has built a particularly strong presence in France and the United Kingdom through a portfolio of well-established distribution networks serving professional repair businesses. The company supplies a comprehensive range of automotive replacement parts, workshop equipment, tools and consumables to independent garages, repair workshops and maintenance networks. Its offering is complemented by technical support, training programmes, logistics services and digital solutions designed to improve the operational performance of its customers. Alliance Automotive Group operates through an integrated business model combining centralised procurement, large-scale distribution centres and an extensive network of owned subsidiaries and independent distributor partners. This structure enables the group to maintain high product availability, rapid delivery capabilities and efficient market coverage across its core regions.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Alliance Automotive Group
Other operations with Alliance Automotive Group
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | Alliance Automotive Group | Eldis | BELGIUM | Industrial & Technical Distribution |
| 09/2017 | Genuine Parts Company | Alliance Automotive Group | FRANCE | Aftermarket & Repair |
| 12/2016 | Alliance Automotive Group | Groupe de Jackie Vercaigne | FRANCE | Auto Parts & Systems |
| 10/2016 | Alliance Automotive Group | FPS Distribution | UNITED KINGDOM | Aftermarket & Repair |
| 09/2016 | Alliance Automotive Group | Genève Occasion | FRANCE | Aftermarket & Repair |
| 06/2016 | Alliance Automotive Group | BUSCH | GERMANY | Industrial & Technical Distribution |
| 01/2016 | Alliance Automotive Group | Electro Diesel Service | FRANCE | Industrial & Technical Distribution |
| 10/2015 | Alliance Automotive Group | Coler | GERMANY | Auto Parts & Systems |
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|---|---|---|---|---|
| 02/2016 | ALPHA PRIVATE EQUITY | FINANCIÈRE COFIDIM (FEU VERT) | FRANCE | Aftermarket & Repair |
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €1–10bn
EV/Revenue range: below 1.5x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: alliance automotive group
Acquirer: blackstone