Following in the footsteps of major parts suppliers Moss and Rimmer Brothers, SNG Barratt has been sold to US-based Radial Equity Partners
Classic parts specialist SNG Barratt has announced that it has joined the portfolio of private equity firm Radial Equity Partners, a group of leading specialty automotive parts suppliers for British marque vehicles that already includes Moss Motors and Rimmer Bros. One of the leading providers of restoration and replacement parts for classic and modern Jaguars, SNG Barratt operates four facilities across the UK, the Netherlands and France as well as the United States.
In a statement on Radial’s website SNG Barratt’s CEO Julian Barratt, said: ‘We’re thrilled to be partnering with Radial and joining the group. It is an experienced investor in the speciality automotive sector and we are confident that our vision aligns for an exciting future. ‘Together with Moss and Rimmer, SNG Barratt will help to create a leading player in this market globally, enabling both the expansion of the parts available for the existing marques served as well as growth in new marques and territories.’
Moss Rimmer CEO, Ben Smart, added: ‘SNG Barratt has unparalleled, longstanding connections to the Jaguar market, having started producing replacement parts for the iconic brand in the early 1980s. Its workshop and manufacturing facilities are a unique addition to our group, allowing further production of authentic, high-quality parts required by vehicle owners to keep their cars on the road. ‘This new partnership demonstrates our commitment to providing immense R&D, sourcing, marketing and distribution capabilities to comprehensively serve our loyal customers.’