June 1, 2017 / 10:30 AM / a year ago

BRIEF-Uni-Select acquires The Parts Alliance

June 1 (Reuters) - Uni-Select Inc:

* Uni-Select acquires The Parts Alliance, a leading and rapidly growing automotive aftermarket parts distributor in the UK

* Transaction value is approximately 205.0 million STG on a cash-free and debt-free basis

* Transaction fully funded with debt

* Transaction is fully funded with debt

* Transaction is anticipated to be immediately accretive to adjusted EBITDA and adjusted EPS

* ‍Sephton will join Uni-Select’s executive team while continuing his leadership role in UK as President and CEO of European business segment​

* Terms of transaction have been approved by Board of Directors of Uni-Select and Parts Alliance shareholders

* To finance transaction, Uni-Select has secured a US$625.0 million fully underwritten commitment from National Bank of Canada, Royal Bank of Canada Source text for Eikon: Further company coverage:

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