Parts Town LLC, Addison, IL, a distributor of OEM repair and maintenance equipment parts for the restaurant and foodservice equipment sectors, announced that private equity firm Berkshire Partners LLC has invested in the company. Terms of the transaction were not disclosed. Summit Partners, an existing shareholder, will remain a significant investor in the company.
“Parts Town possesses a customer-centric and innovative culture, which has driven remarkable growth,” said 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.”
Another distributor in Berkshire Partners' portfolio, SRS Distribution Inc., McKinney, TX, was featured in the recent MDM article, Sky’s the Limit at SRS Distribution.