AP NEWS

Parts Town Acquires 3Wire Group Foodservice Business

May 17, 2018

ADDISON, Ill.--(BUSINESS WIRE)--May 17, 2018--Parts Town, the global market leader in foodservice parts distribution, has acquired the foodservice parts distribution and field service business assets of 3Wire Group (“3Wire”), which is a Marmon company (“Marmon”). Financial terms were not disclosed.

These 3Wire businesses primarily distribute foodservice equipment parts, bringing unique value-added solutions to major chains and food equipment service companies. The origins of 3Wire’s foodservice parts distribution date back to independently owned industry pioneers Northern Parts, Pacific Coast Parts, and Restaurant Appliance Service, who came together under the 3Wire brand as part of IMI Cornelius, prior to becoming part of Marmon in 2014. 3Wire’s beverage parts distribution division and technical service support team will remain part of Marmon, will be re-branded, and will be the subject of a future announcement from Marmon.

“This acquisition will further strengthen the differentiated value we bring to both our manufacturer and customer partners,” commented Steve Snower, CEO of PT Holdings, parent company of Parts Town. “3Wire has built an excellent team, a strong brand and very solid major account partnerships, along with innovative technology. We are really excited to welcome the 3Wire team to Parts Town and to build on the legacy of such a great organization.”

Following the transaction, Jeff Audette, General Manager, will continue to lead the 3Wire foodservice parts distribution team as part of Parts Town. Tom McPeters, General Manager, will continue to lead the 3Wire field service team.

“Jeff and Tom are proven industry leaders and have built outstanding teams,” states Snower. “We are excited to take the best of Parts Town and 3Wire, and create something truly special in the foodservice equipment parts space to strengthen our manufacturer and customer partnerships.”

The 3Wire brand will continue as part of Parts Town, with the businesses coming closer together in the coming months.

Jeff Audette adds, “This combination is incredibly compelling. We are ready for this next exciting chapter of growth and innovation as part of a dynamic, fast-growing team. We have enormous respect for Parts Town and believe that this partnership is a game changer for our manufacturers, our customers, and our team members.”

To learn more about Parts Town and its offerings, please visit  www.partstown.com.

About Parts Town

Parts Town is the market-leading distributor of genuine OEM (original equipment manufacturer) foodservice equipment parts. When there’s a hiccup in any commercial kitchen, Parts Town is ready to jump in and help with the most in-stock parts on the planet, innovative technology, and an unmatched customer experience. Customized solutions benefit food equipment service companies, chain restaurants, institutions and independent restaurants.

Our 360-degree imaging technology, PartSPIN®, valuable interactive diagrams, convenient Smart Manuals, and the industry’s first mobile app allow customers to easily and conveniently find and view equipment manuals and parts in the field, where that info is needed most. These innovations, paired with same day shipping and extended hours of operation, ensure the correct part is ordered and delivered every time.

Partnering with the top manufacturers of commercial cooking, refrigeration, ice and beverage equipment and more, Parts Town improves the supply chain, increases sales of genuine OEM parts and keeps every customer’s business running like clockwork.

Parts Town makes finding and buying foodservice equipment parts easy, fast and kinda fun.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005419/en/

CONTACT: Lola Red PR

Bryce Butzer

partstown@lolared.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE MOBILE/WIRELESS MANUFACTURING OTHER MANUFACTURING RETAIL FOOD/BEVERAGE

SOURCE: Parts Town

Copyright Business Wire 2018.

PUB: 05/17/2018 08:00 AM/DISC: 05/17/2018 08:01 AM

http://www.businesswire.com/news/home/20180517005419/en

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