BUSCH acquired by Alliance Automotive Group
Context
Alliance Automotive Group (AAG) announced the acquisition of Busch GmbH, a family-owned German automotive parts distributor headquartered in Freiburg, Baden-Württemberg. The transaction strengthens AAG’s expansion strategy in Germany following the recent integration of Coler GmbH & Co. KG and highlights the group’s continued efforts to consolidate its position within the fragmented European automotive aftermarket sector. The acquisition provides Alliance Automotive with a stronger regional presence in southwestern Germany through Busch’s established distribution network and long-standing relationships with independent repair workshops. The combination creates a complementary fit between Busch’s local market expertise and customer relationships and AAG’s broader capabilities in procurement, logistics and network development. The transaction forms part of Alliance Automotive’s wider growth strategy focused on building an integrated European automotive parts distribution platform. By incorporating Busch’s operations, AAG aims to enhance its German footprint, strengthen supply chain efficiency and generate synergies across purchasing, inventory management and customer services. The integration process is expected to focus on gradually aligning operational systems and logistics processes to improve fulfilment performance and optimise distribution efficiency. The enlarged network should also create additional commercial opportunities through a broader product portfolio, increased purchasing leverage and the sharing of best practices across the group’s various business units. Through the acquisition of Busch GmbH, Alliance Automotive continues to expand its European aftermarket platform, reinforcing its position as a leading independent distributor of automotive parts and strengthening its ability to support repair professionals across Germany and beyond.
By taking control of Busch, Alliance Automotive Group continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Electro Diesel Service in 2016.
BUSCH, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).
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Target
Busch GmbH is a family-owned distributor of automotive replacement parts operating in Germany’s Baden-Württemberg region. Headquartered in Freiburg, the company relies on a network of distribution facilities across the southwest of the country to serve independent repair workshops and automotive service providers. The company supplies a broad range of original-equipment and aftermarket components, supported by long-standing supplier relationships and an integrated logistics platform. Its operating model combines inventory management, order processing and after-sales support to ensure reliable product availability and help customers reduce vehicle downtime.
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REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 10M - 30M EUR
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Acquirer: alliance automotive group