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New Deal


Announced

Completed

Leonard Green & Partners completed the investment in Parts Town.

Financials

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

Tags

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Completed

United States

Majority

Acquisition

Domestic

Household Equipment and Products

Single Bidder

Private Equity

foodservice equipment

Private

Friendly

Synopsis

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Leonard Green & Partners, a private equity investment firm, completed the investment in Parts Town, a distributor of OEM foodservice equipment parts. Financial terms were not disclosed. "We are delighted to be partnering with the exceptional team at Parts Town. We invest in companies that win with people, have a differentiated culture and are market leaders with multiple ways to grow — and Parts Town is the perfect example. The company’s customer-first mission and employee-centric values perfectly align with what we believe at Leonard Green. We have admired Parts Town for a long time and are excited to be partnering with Parts Town management and Berkshire Partners to support the next phase of the company’s growth," Jonathan Seiffer, Leonard Green Senior Partner.

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