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New Deal


Announced

Completed

PT Holdings completed the acquisition of General Parts.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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food service equipment

Single Bidder

Majority

Acquisition

Private

Friendly

Household Equipment and Products

United States

Domestic

Completed

Synopsis

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PT Holdings, a wholesaler and distributor of equipment and supplies, completed the acquisition of General Parts, a provider of food service equipment and commercial appliances. Financial terms were not disclosed. "General Parts has all of the attributes we look for in a business: high integrity, strong OEM parts distribution, great leadership, a fantastic brand, and deep manufacturer relationships. We have been huge fans of Gary, Linnea, and the General Parts team for a very long time. Bruce Hodge, previous President of General Parts, was a mentor to me, and we are thrilled to have General Parts join the PT Holdings family," Steve Snower, PT Holdings CEO.

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