Parts Town Gets Private Equity Backing

Summit Partners buys majority interest in national parts distributor.

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Growth equity investor Summit Partners made a majority investment in Parts Town LLC, a distributor of genuine OEM repair and maintenance equipment parts for the foodservice industry.

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Parts Town's founder Bill Reedy, CEO Steve Snower, and the management team will remain sizeable shareholders in Parts Town, according to a company release. Additional terms of the investment were not disclosed.

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Founded in 1987, Parts Town markets and distributes OEM parts for foodservice equipment. Additionally, Parts Town provides field service and technical service support.

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