It has been announced that major European aftermarket supplier, PHE (Parts Holding Europe) Group, via its subsidiary Autodistribution, has begun advanced exclusive negotiations with the shareholders of Top Part for a majority stake acquisition. 

This majority stake acquisition project will be subject to prior approval from the relevant competition authorities.

Top Part is one of the leaders in Ireland for multi-brand distribution of automotive parts, consumables, tools, and garage equipment. Founded in 1978 in Tralee, Co. Kerry, the group currently has 21 retail outlets across the country. In 2024, Top Part had a turnover of over €50 million and employed around 300 people.

This acquisition project marks a significant milestone in PHE's international expansion. By establishing a presence in the Irish market, PHE reaffirms its European growth strategy. PHE say the Republic of Ireland boasts one of Europe’s most dynamic economies, with the automotive aftermarket sector offering favourable growth prospects, with an average vehicle age of 9 years and a strong culture of repairability. The Irish market also presents significant opportunities for both organic and external growth.

Top Part Managing Director Donal Dillane and Finance Director Pat Daly will remain in their current positions and remain as shareholders in Top Part. Peter Daly, Managing Director of Synergy VSRI, will also remain in his position. The management team of Top Part will remain in charge of the company following the transaction. Top Part will continue to operate as normal with its existing staff.  The PHE Group says it is committed to maintaining long-term partnerships with all suppliers, and all Top Part’s teams will benefit from PHE’s training and expertise resources.

Stéphane Antiglio, President of PHE, stated, “With this project, PHE strengthens its international development, expands its geographic footprint to include the Republic of Ireland and consolidates its position as a leading European aftermarket player. True to our strategy and values, this acquisition enables us to complement our European presence with a market-leading company. Top Part shares our vision of the business. Under the leadership of its founders, the Top Part teams have built a national leader through strong entrepreneurial culture, a long-term perspective, and remarkable professionalism. We are delighted at the prospect of welcoming the Top Part teams into our Group.”

Donal Dillane, CEO and founder of Top Part, stated, “This is an exciting moment for everyone at Top Part. With the backing of a multinational organisation, our business can move to the next level, and we are excited for the opportunities that it will present for growth. We are particularly pleased for all our staff, past and present, who have been so important to our business’s success over the past 47 years; we thank them most sincerely for all their hard work over the years. This transaction protects and secures all into the future. Finally, to our customers, it’s business as usual. They can continue to enjoy the same great service and product that has always been the hallmark of Top Part.”