Parts Town has acquired Heritage Foodservice Group. Both companies distribute parts for foodservice equipment to service agents, operators and other members of the supply chain. Terms of the deal were not disclosed.
Steve Snower, Parts Town’s CEO, will continue to lead the organization. John McDonough, CEO of Heritage, will work with Snower during the integration of the two companies. McDonough will also join the combined company’s board of directors.
The new organization will continue to have operations in both Addison, Ill., and Ft. Wayne, Ind., the homes to Parts Town and Heritage. The company will have other facilities in the U.S., Canada, the U.K., and Germany, too. In addition, the companies will continue to operate field service organizations in select U.S. markets and across Canada. Those businesses operate separately from the core parts distribution operations and will continue to do so, per a release announcing this deal.
“Both of our businesses have been relentlessly focused on genuine OEM parts, and we intend to continue to improve the safety, reliability, and performance of foodservice equipment in support of our manufacturer and customer partners all over the world,” Snower said in a statement. “This combination will help field-service organizations serve their customers faster than ever before, improving equipment up-time and performance.”
Combined the two companies have annual revenues of $950 million and a staff of more than 2,600 people, per a Parts Town press release.