Uni-Select To Increase Presence In Virginia With Acquisition Of J.K. Distributors Inc.
Uni-Select's subsidiary Uni-Select USA Inc. has signed an agreement to acquire substantially all the assets of J.K. Distributors Inc. The transaction is subject to usual conditions and is expected to close March 17. Uni-Select says the...
Uni-Select‘s subsidiary Uni-Select USA Inc. has signed an agreement to acquire substantially all the assets of J.K. Distributors Inc. The transaction is subject to usual conditions and is expected to close March 17. Uni-Select says the acquisition will complement and strengthen its activities on the East Coast.
Established in 1971, J.K. Distributors Inc. is involved in the wholesale distribution of automotive replacement parts, maintenance items and accessories. The company’s team of 150 employees serves a clientele of service centers and fleet accounts from its warehouse and nine corporate stores located in Virginia.
“This strategic acquisition will bring significant value to our activities,” said Brent Windom, president and chief operating officer, Automotive USA at Uni-Select. “We will combine the acquired assets and expertise of J.K. Distributors to the activities of our newly inaugurated distribution center in the Washington, D.C., area to offer our new customers access to highly efficient services and access to a wide array of products. This acquisition will further leverage recent investments made to our network and systems and will provide attractive synergy opportunities.
“Our team was very successful in the past months in optimizing our operations,” Windom added. “Their commitment and efforts allowed Uni-Select to be positioned for solid and sustainable growth. Our industry continues to consolidate and we intend to capitalize on this trend while continuing to deliver solid results and preserving our healthy financial position. We welcome this consolidation opportunity that will contribute to the strengthening of our presence on the U.S. East Coast.”