Parts Town and Heritage Foodservice Group have agreed to combine to strengthen their OEM parts distribution capabilities. Financial terms were not disclosed.
This deal is expected to further enhance the availability, delivery and overall experience of finding and buying genuine OEM parts for service companies, restaurants and institutional customers in the U.S., Canada and around the world.
Parts Town has more than 1,800 global team members and over $650 million in revenue while Heritage has 800 team members across North America and more than $300 million in revenue.
Parts Town CEO Steve Snower will lead the combined organization and partner closely with John McDonough, who has been serving as Heritage’s CEO, through the integration. McDonough will join the combined company’s board of directors.
“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. As we join our extraordinary team members together, we will keep innovating to make finding and buying foodservice equipment parts easier than ever.”
The new organization will continue to have significant operations in both Addison, where Parts Town is based, and Ft. Wayne, Indiana, home to Heritage’s headquarters), in addition to other operations in the U.S., Canada, the U.K., and Germany.
In support of key manufacturer partners, 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.