NFI Parts® has combined the North American aftermarket parts business of Alexander Dennis Limited (ADL Parts) under its umbrella, integrating ADL Parts into NFI Parts.
Prior to this combination, NFI Parts and ADL Parts were standalone businesses, with redundant physical inventories, parts stocking locations and investments. Today, NFI Parts and ADL Parts have been fully combined.
“NFI Parts remains committed to providing industry-leading service to our customers and the vehicles those customers operate,” said Brian Dewsnup, president, NFI Parts. “We took the experience we gained through combining the parts businesses of Orion, NABI, MCI and ARBOC into the NFI Parts family. The additional combination of ADL Parts comes with tremendous advantages for our customer base. Almost all of the North American ADL customers are already NFI Parts customers so this transition will help them simplify their parts purchasing.”
The combination of ADL Parts into NFI Parts was a component of NFI’s transformative cost reduction initiative, NFI Forward, first announced in July 2020. NFI Forward is expected to drive approximately $67 million in annual Adjusted EBITDA savings by the end of 2023 from 2019 levels, plus an additional $10 million in annualized Free Cash Flow generation. In Fiscal Year 2020, NFI Forward achieved approximately $17 million in Adjusted EBITDA savings, and a further $1 million in Free Cash Flow savings.
"I would like to thank the teams at ADL Parts and NFI Parts for their tremendous and collaborative efforts in the completion of this combination, on time and on budget. Through our transformational NFI Forward initiative, we have been focused on moving NFI from a holding company to an integrated operating company,” said Paul Soubry, CEO, NFI. “As a result of this successful combination, NFI Parts is now in an even stronger position to continue providing world-class service to customers across North America.”
