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National auto parts supplier acquires Vic competitor
Two firms have advised on ACM Parts' acquisition of Justoyota and JustService.
Lara Bullock
Firms: Herbert Smith Freehills (ACM Parts); Russell Kennedy (Justoyota)
Value: Undisclosed
Area: M&A
Key players: The Herbert Smith Freehills team was led by partner Peter Dunne (pictured), who was supported by senior associates Jacob Kahwaji and Nicholas Lazarou.
Deal significance: National auto parts supplier ACM Parts is a Suncorp Group business that specialises in selling recycled, certified and OEM parts to Australia’s auto repair industry.
ACM Parts has acquired Justoyota and JustService, a recycled auto parts supplier and service centre based in Victoria.
The acquisition represents an expansion of ACM Parts’ national footprint, increasing its existing presence in Victoria.
Herbert Smith Freehills lead partner Peter Dunne said: “It was a pleasure to once again work with the Suncorp and ACM Parts teams on what is an important transaction for ACM Parts as part of its overall growth strategy.”
