AP NEWS

Parts Town Acquires PartsXpress Parts Distribution Business

July 12, 2018

ADDISON, Ill.--(BUSINESS WIRE)--Jul 12, 2018--Parts Town, the leading parts distributor in the commercial foodservice equipment market, has acquired PartsXpress, the commercial foodservice equipment parts business division of Smart Care Equipment Solutions. Financial terms were not disclosed.

As part of this acquisition, Parts Town will become the primary supplier of genuine OEM parts to Smart Care Equipment Solutions’ technicians. The acquisition will further expand Parts Town’s leadership in supporting field service companies across the globe with the genuine OEM parts they need to deliver field service excellence. Smart Care Equipment Solutions will retain and build on its growing national field service capability, not acquired by Parts Town.

“PartsXpress is an exciting addition to the Parts Town family and will further strengthen the value Parts Town brings to both manufacturers and customers,” said Steve Snower, CEO of PT Holdings, parent company of Parts Town. “This acquisition moves us one step closer to our vision of making it easier, faster and even kinda fun for customers to find and buy foodservice equipment parts. The PartsXpress team brings a strong and diverse customer base and demonstrated expertise and passion for servicing customers, and we look forward to welcoming a new group of accomplished team members to Parts Town’s dynamic culture.”

The acquisition of PartsXpress further strengthens Parts Town’s global market leadership in the industry. In addition to its growth from acquisitions, Parts Town continues to sustain high organic growth rates, with 2018 on pace to deliver over 30 percent growth, building on its streak of 15 consecutive years with more than 20 percent organic growth. The company’s consistent growth is driven by a differentiated inventory, unique technology and partnerships with the industry’s leading manufacturers.

Bill Emory, CEO of Smart Care Equipment Solutions adds, “The sale of PartsXpress is another key step in our strategic plan to build Smart Care Equipment Solutions into the nation’s premier foodservice equipment care company. It allows us to focus on growth by doing what we do best: delivering great service for our customers through the strongest and largest team of commercial kitchen equipment technicians. ”

To learn more about Parts Town and their current services, visit www.partstown.com and follow their updates on Facebook, LinkedIn and Twitter.

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/20180712005517/en/

CONTACT: For Parts Town

Robert Molke, 612-333-1723

partstown@lolared.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT RESTAURANT/BAR MANUFACTURING AUTOMOTIVE MANUFACTURING ENGINEERING PACKAGING OTHER MANUFACTURING RETAIL FOOD/BEVERAGE SPECIALTY

SOURCE: Parts Town

Copyright Business Wire 2018.

PUB: 07/12/2018 12:00 PM/DISC: 07/12/2018 12:01 PM

http://www.businesswire.com/news/home/20180712005517/en

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