ADDISON, IL — Parts Town, a parts distributor in the commercial foodservice equipment market, has acquired PartsXpress, the largest independent supplier of foodservice and commercial appliance parts in the country, powered by 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 share 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.
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.”