PDG expands again
Headquartered at Breda in the Netherlands and founded in 2017, the Powersports Distribution Group (PDG) has made another play for growth in the UK market.
Describing itself as the fast growing motorcycle parts distributor, PDG has bought a third UK business - Neo Distribution (aka Putoline Distribution - not to be confused with the Dutch Kroon Oil owned Putoline brand).
The purchase of Neo Distribution follows the acquisition of Bradbury Brothers and Rob Hunter in 2019 - the combined company having been rebranded as Hoco Parts UK Ltd.
Neo/Putoline Distribution Directors John and Sally Hayden are quoted as saying: "We are delighted with this transaction and look forward to working together with our staff and the Hoco Parts UK team under the umbrella of Powersports Distribution Group."
Tom Beyers, CEO of parent company PDG, said: "We are very pleased to welcome Neo Distribution to the group and we look forward to further developing the company together with John and Sally. The acquisition of Neo Distribution is an important step in the further development of our Hoco Parts UK platform, which we are actively expanding with a well filled M&A pipeline still ahead of us."
Starting with leading Dutch distributor Hoco Parts, acquired from David O'Neill and colleagues in 2017, Torqx Capital Partners has deployed an aggressive 'Buy and Hold' M&A strategy that has seen them add vintage parts specialist CMS (Consolidated Motor Spares) and Motoria in the Netherlands, Arno van de Glind's Rino Trading and DC AFAM (both in Belgium) from German owner KettenWulf, and now three businesses in the UK market.
www.neodistribution.co.uk
www.powersportsdistributiongroup.com
