The Blackstone Group has acquired Alliance Automotive Group, a wholesale distributor of automotive parts in France and the U.K., from Weinberg Capital Partners. The deal was rumored to be for €440 million ($589 million). Operating under the brands GROUPAUTO France, GROUPAUTO UK, Partners, Gef'Auto and Précisium, AAG has its own buying organization and operates a wholesale distribution network, with 1,500 outlets and 3,500 employees. Backed by Weinberg Capital since 2006, AAG saw its sales increase from €540 million ($723 million) in 2006 to €1.2 billion ($1.6 billion) in 2013. Weinberg Capital reportedly doubled its investment through the sale.