M&A Deal Summary

Berkshire Partners Acquires Parts Town

On June 30, 2016, private equity firm Berkshire Partners acquired distribution company Parts Town from Summit Partners

Acquisition Highlights
  • This is Berkshire Partners’ 4th transaction in the Distribution sector.
  • This is Berkshire Partners’ 62nd transaction in the United States.
  • This is Berkshire Partners’ 4th transaction in Illinois.

M&A Deal Summary

Date 2016-06-30
Target Parts Town
Sector Distribution
Buyer(s) Berkshire Partners
Sellers(s) Summit Partners
Deal Type Recapitalization

Target

Parts Town

Addison, Illinois, United States
website
Parts Town is a distributor of genuine OEM restaurant equipment parts for the foodservice industry. Focused on delivering a unique customer service experience and website, Parts Town customizes solutions for both chain restaurants and food equipment service companies. Parts Town partners closely with the leading manufacturers of commercial cooking, refrigeration, ice, and beverage equipment to improve their parts supply chain, delight their customers, and grow genuine parts sales. Parts Town was founded in 1987 and is based in Addison, Illinois.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 70 of 98
Sector (Distribution) 4 of 4
Type (Recapitalization) 20 of 23
State (Illinois) 4 of 5
Country (United States) 62 of 87
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Asurion

Nashville, Tennessee, United States

Asurion provides insurance tech support for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry. Asurion was founded in 1994 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 Aritzia

Vancouver, British Columbia, Canada

Aritzia is a vertically integrated retailer of women's apparel. Headquartered in Vancouver, British Columbia, Aritzia has provided a complete range of quality clothing and accessories to 15 to 30-year-old female consumers for over 20 years. Aritzia was founded in 1984 and is based in Vancouver, Canada.

Sell -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 200 of 280
Sector (Distribution) 4 of 5
Type (Recapitalization) 3 of 4
State (Illinois) 6 of 9
Country (United States) 182 of 243
Year (2016) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-13 Acacia Communications

Maynard, Massachusetts, United States

Acacia Communications, Inc. provides advanced solutions to the optical transport and network infrastructure equipment market for coherent 100G, 200G, 400G and beyond transceivers. Acacia designs, manufactures and sells leading-edge optical transponder technology that enables customers to reduce overall development costs while increasing performance and reducing time to market. Acacia Communications was formed in 2009 and is headquartered in Maynard, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 WellCentive

Roswell, Georgia, United States

WellCentive, Inc. is a provider of healthcare intelligence solutions to healthcare organizations in the United States. It offers Advance Outcomes Manager, which collects, analyzes, and reports on administrative and clinical data.

Sell -