Edison, Sick.–(enterprise wire)-Components City, expertise innovator and market-leading distributor of OEM meals service tools elements, right now introduced that Los Angeles-based development funding agency Leonard Inexperienced & Companions, LP (“Leonard Inexperienced”) has made a major funding within the Firm . , Current investor Berkshire Companions (“Berkshire”) will retain its majority stake within the firm, reinvesting with the Components City administration staff and Leonard Greene.
These investments will allow Components City to speed up innovation throughout its provide chain, distribution and e-commerce operations, whereas additional investing in its staff to drive sustained excessive development. The transaction may also assist the corporate’s fast worldwide growth and its imaginative and prescient to increase into different mission crucial elements classes together with residential equipment elements, HVAC elements and laundry elements.
“We’re thrilled that Berkshire Companions has reinvested in Components City and can proceed to accomplice with us for years to come back. We’re additionally extremely excited to welcome Leonard Inexperienced & Companions to the staff. There are enormous ambitions, and the mixture of Berkshire and Leonard Inexperienced positions us to quickly scale and additional differentiate,” mentioned Steve Snover, CEO of Components City. “We’re dedicated to accelerating innovation, delivering an unparalleled buyer expertise, and performing with utmost integrity. We’re delighted to have companions who share each our values and ambition.”
“Components City is an extremely particular firm. Steve and the complete staff are keen about creating best-in-class expertise to serve our suppliers and clients,” mentioned Larry Hamelsky, managing director of Berkshire Companions. We’re very happy with our long-standing partnership with U.S.A., and we’re excited to collaborate with Components City and Leonard Inexperienced to assist the subsequent chapter of innovation and development.”
Jonathan Seifer, Senior Associate, Leonard Inexperienced, commented, “We’re delighted to accomplice with the distinctive staff at Components City. We put money into firms that win with individuals, have a definite tradition and a number of methods to develop. – and Components City is the right instance. The corporate’s customer-first mission and employee-centered values are absolutely according to our perception in Leonard Inexperienced. We now have lengthy admired Components City and the corporate We’re excited to accomplice with Components City Administration and Berkshire Companions to assist the subsequent part of its development.
Components City companions with main producers to extend the market share of OEM elements, present revolutionary instruments to make researching and manufacturing elements sooner and simpler, and enhance tools up-time. The corporate has grown from 5 staff members in 2004 to over 2,500 right now, with annual revenues in extra of $1 billion, and for 13 consecutive years as one of many quickest rising American firms, Inc. It’s named in 5000 record.
About Components City
Components City is a number one, technology-enabled international distributor of real OEM (Unique Gear Producer) elements for the meals service trade. Pushed by its dedication to expertise and innovation, Components City is increasing to serve new segments together with HVAC and residential equipment elements. When an issue arises for any meals service supplier or service technician firm, Components City is able to leap in and assist with essentially the most inventory elements on the planet, revolutionary expertise and an unmatched buyer expertise. Its personalized options profit a rising record of meals service operators, service firms and different buyer segments. Partnering with over 1,100 main producers, Components City improves the provision chain, will increase gross sales of real OEM elements, and retains each buyer’s enterprise working like clockwork.
Components City’s drive for innovation is led by Purple Lightning Group, a brand new and separate division of PT Holdings, centered solely on innovation within the meals service trade and past, which is a part of the group’s numerous Accelerates the tempo of successes supporting the shopper base. Purple Lightning Group’s mission is to boldly strike at lightning velocity to ship game-changing innovation and expertise in an effort to find the subsequent large factor.
For extra data go to www.partstown.com/.
About Berkshire Companions
Boston-based agency Berkshire Companions has a 35-year funding historical past. Berkshire Personal Fairness has made greater than 135 personal fairness investments since its inception and has a powerful historical past of partnering with administration groups to develop the businesses by which it invests. Stockbridge, the agency’s public fairness enterprise, was established in 2007 and seeks to make public fairness investments in prime quality firms with sturdy aggressive positions and long-term development prospects. The agency has partnered with excessive potential companies for a number of a long time, specializing in the expertise, companies, trade, client, communications and healthcare sectors. For added data, and to see a whole record of the agency’s personal fairness investments, please go to www.berkshirepartners.com.
About Leonard Inexperienced & Companions, LP
Leonard Inexperienced is a number one personal fairness funding agency based in 1989 and based mostly in Los Angeles with over $50 billion in property underneath administration. Companies accomplice with skilled administration groups and infrequently with founders to put money into market-leading firms. Since inception, Leonard Inexperienced has invested in additional than 100 firms within the type of conventional purchases, personal transactions, recapitalization, development equities, and choose public fairness and debt positions. The agency primarily focuses on firms offering companies together with client, healthcare and enterprise companies, in addition to retail, distribution and trade. Please go to www.leonardgreen.com for extra data.