Customer Service: +61 3 8470 7300
Founder: Rod Wilkinson
Founded: 1996
Business: Leading Australian specialist of superior automotive workshop equipment.

Short History of Precision Automotive Equipment

Precision Automotive founder and general manager, Rod Wilkinson is 59 years-old, and says he is not looking to retire anytime soon.

“I love the industry and am enjoying working for Bapcor,” he said.

“After 32 years of self-employment, this is a great business to work for; there is a camaraderie and great balance about the business I am involved in.”

As with many other auto industry managers, Rod learned and honed his craft in his teenage years while working for auto industry giant, Repco in Canberra. He stayed for 11 years before buying a food wholesale business, Midwest Foods based at Dubbo, New South Wales.

Four years later and Rod was back in the auto trade as a franchisor, selling garage equipment. He ended up owning three franchises under the company Garaquip at Dubbo, Canberra and Newcastle.

When he sold the businesses Rod moved to Queensland and worked for the company that owned the franchises he’d sold.

“I observed that I could probably do it better than Garaquip were,” he said.

“My background was sales and there was an opportunity in the Brisbane area as it was under serviced. In 1996 I started Precision Automotive, which was based around vehicle hoist maintenance and relocation.

“About 12 months later, with the business growing, Phil Atkins, my former partner in the Canberra franchise, moved to Queensland to come into the business with me.”

Precision Automotive started as a vehicle hoist maintenance company but grew into selling equipment, and then became a major importer of quality automotive equipment and services. These days the company sells world renown brands of equipment including Rotary Vehicle Lifts. As well, there is CEMB Wheel Service Equipment, Guiliano Tyre Equipment and a complete range of sundry workshop equipment.

Precision also developed its own national brand range under the Summit label. Precision Automotive opened its first outlet in Brisbane before expanding into Sydney in 2012 and Melbourne in 2014, and had distribution in Adelaide, Hobart and Perth.

Precision Automotive focussed on dealerships for the bulk of its business, with about 25 per cent of trade made up by independent repairers. To get to the independent repairers without a footprint Rod spoke to Burson.

He told Burson purchasing manager, Andrew Schram, that he had a product range better suited to Burson’s customer base than what the company was selling. Subsequently, Rod developed a range of products for Burson under the Summit brand.

Rod said the Summit brand grew dramatically through the Burson network, and Burson became 30 per cent of his business. 

Precision Automotive was bought by Burson Auto Parts in February 2016, just prior to the name transformation to Bapcor. In July, 2017, Bapcor purchased a Melbourne-based manufacturing and engineering company, Tricor. The purchase gave Precision Automotive a bigger footprint in the Victorian market where the two entities are now called Precision Tricor.

Interviewed May 2018

view the full history

History of Precision Automotive Equipment

 

1974

Rod Wilkinson goes to work in the Repco warehouse in Canberra.

1979

Rod, at 21 years of age, is appointed a manager at Repco.

1985

Rod leaves Repco and buys Midwest Foods, a food wholesaler based at Dubbo.

1989

Rod is back in the auto market as a franchisor with Garaquip.

1996

Having sold his Garaquip shares, Rod starts Precision Automotive in Brisbane.

1997

Phil Atkins, joins Rod as an equal partner.

2012

Precision Automotive opens a Sydney outlet.

2014

A Melbourne base is established; the company also has distribution in Adelaide, Hobart and Perth.  

2016

Precision Automotive bought by Burson Auto Parts.

Back to Top    Back to top
Bapcor

Registered Office

Bapcor Limited
61 Gower Street
Preston VIC 3072
Australia

T +61 3 8470 7300

View location

Mailing Address

P.O. Box 8251
Northland
VIC 3072
Australia

Share Registry

GPO Box 2975
Melbourne VIC 3001
Australia

T +64 1300 850 505

www.investorcentre.com

Cobussen & Cobussen
© 2019 Bapcor All Rights Reserved | Site by Cobussen
Document Launch