Dualparts group description

Founded in 2022, Dualparts Group is the leading independent distributor of automotive spare parts in the automotive aftermarket in Portugal, resulting from the consolidation of Auto Delta, AleCarPeças and Fimag, three leading regional operators. The company operates a nationwide network of 14 logistics centres, through which it has developed a highly scalable logistics and commercial model, with full national coverage and a differentiated value proposition based on a broad product range (>160 SKUs) and high service levels (more than 5 daily deliveries in some areas). Dualparts benefits from a resilient and defensive sector, supported by the ageing vehicle fleet and market dynamics that favour larger, more professionalised operators.

Portobello will support Dualparts Group in its next phase of growth through a plan focused on the full integration of the platform, the expansion and optimisation of the logistics network, and the strengthening of the Group’s technological and operational capabilities. In addition, Portobello will drive inorganic growth through an active M&A strategy and support the expansion into the Spanish market.

Why did we invest in Dualparts Group?

• Recurring and resilient demand, with a proven track record of performance in adverse macroeconomic environments
• Leading platform with meaningful barriers to entry, supported by an unmatched logistics network in Portugal, a differentiated value proposition and strong relationships with customers and suppliers
• Cash generative business model, with low recurring investment requirements and a stable bottom-line
• Multiple value creation levers, supported by a footprint expansion through the opening of new warehouses and overall optimization of the footprint network
• Opportunity to execute an M&A strategy in a highly fragmented market, with clear synergies in procurement and cross selling
• Experienced management team with deep sector expertise, backed by over 70 years of combined industry experience and a proven track record in M&A integration, following the successful merger of the three companies