Bapcor build small truck supplies expansion base


Accessories business buys five firms with Japanese truck exposure

Bapcor build small truck supplies expansion base
Darryl Abotomey

 

Automotive accessories, automotive equipment parts group Bapcor has snapped up five eastern-state truck parts firms specialising in Japanese makes.

The allied firms are Don Kyatt Spare Parts, He Knows Truck Parts, I Know Truck Parts HIM Spare and Japanese Commercial Spare, which operate businesses from 10 locations in Queensland, New South Wales, Victoria and South Australia.

 "This commercial truck group is an excellent fit as a specialist business and will provide further opportunities for consolidation and organic expansion," Melbourne-headquartered Bapcor says.

The full cost of the purchase, using existing debt facilities and new shares, is not disclosed but Bapcor says $15 million will be deferred for 12 months after completion "subject to certain conditions".


The upcoming Brisbane Truck Show will have plenty of parts suppliers on hand. Read about it here.


"The acquisition of this commercial truck group further strengthens Bapcor’s position as a specialist provider of aftermarket parts accessories and services," Bapcor CEO and MD Darryl Abotomey says.

"The growing prevalence of smaller commercial trucks in the Australian market will provide the group with further expansion opportunities."

Probably best known generally as the owner of Autobarn, Burson Auto Parts and Midas, Bapcor employs over 4,100 team members in more than 800 locations in Australia, New Zealand and Thailand.

But commercial vehicle owners may be familiar with its diesel and other motor parts suppliers including MTQ Engine Systems, AAD, Baxters and Diesel Distributors.

The group finished last financial year on a high note, with a net profit up 57 per cent to S84.5 million on a 22 per cent revenue rise to $1.2 billion.  

Bapcor’s inaugural chairman until earlier this year was the late Robert McEniry, who went on to chair Automotive Holdings Group before his untimely passing mid-year.

 

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