Parts Town Gets Investment Infusion From Berkshire Partners

Parts Town has undergone a major recapitalization led by Boston-based investment firm Berkshire Partners. Summit Partners, an existing shareholder in Parts Town, will remain a significant investor in the company. Terms of the transaction were not disclosed.

“Parts Town possesses a customer-centric and innovative culture, which has driven remarkable growth,” states Kevin Callaghan, a managing director at Berkshire Partners. “We look forward to working with its team and Summit Partners to support the company’s next chapter.”

Founded in 1987 in Addison, Ill., Parts Town distributes genuine OEM repair and maintenance parts for the foodservice industry and provides locally focused field service and technical support. Earlier this year, the company acquired Lexington, S.C.-based Whaley Foodservice Repairs, expanding Parts Town’s footprint and further enhancing its customer service capabilities.

“We welcome this new collaboration with Berkshire Partners and look forward to continuing our work with Summit Partners as we invest to further differentiate our business in support of our manufacturer and customer partners,” says Parts Town CEO Steve Snower. “Parts Town is committed to growing our business by striving for excellence, encouraging extraordinary innovation and acting with complete integrity. We are delighted to have investors who share our values and vision for success.”