Transaction

Clearwater advises the shareholders of Todd on the sale of its shares to Alliance Automotive Group

Transaction

Sale of Todd to Alliance Automotive Group

Sell-side

Undisclosed

Role

Adviser to the shareholders of Todd on the sale of 100% of its shares to Alliance Automotive Group

Sector

Business Services
Industrial & Chemicals

Region

France & Belgium

We have advised the historical shareholders of Todd, the family Tomasina, administrators, and former managers, on the sale of 100% of its shares to Alliance Automotive Group, owned by the American world leader, Genuine Parts Company.

Established in 1975 by French entrepreneur Jean-Pierre Tomasina, Chairman, and based in Normandy, Todd is the leading distributor of truck parts and accessories for the independent heavy-duty aftermarket.

Todd is an integrated group serving its customers such as Fraikin, Astre, GCA, TIP, and many more with parts and services for all brands of trucks, trailers, semi-trailers, buses, and commercial vehicles with more than 40,000 high-end SKUs covering all families of products, including breaking systems, suspension gearing, bodywork, and many more, distributed through a national network of 35 branches such as shops and garages, its own website and c.300 service centres.

Todd employs 500 staff and generated around €80m in turnover in 2018, 85% of which was from distribution and the remainder from after-sales services.

Todd Auto

Clearwater has been of valuable help all along the sale process of Todd, especially in regards with selecting appropriate potential buyers and interfacing between our family SME and a large US-listed group accustomed to M&A.

JEAN-PIERRE TOMASINA, CHAIRMAN, TODD

Advisers

Transactions