M&A Deal Summary

PartsASAP Acquires Summit Supply

On September 21, 2021, PartsASAP acquired automotive company Summit Supply

Acquisition Highlights
  • This is PartsASAP’s 4th transaction in the Automotive sector.
  • This is PartsASAP’s 7th transaction in the United States.
  • This is PartsASAP’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-09-21
Target Summit Supply
Sector Automotive
Buyer(s) PartsASAP
Deal Type Add-on Acquisition

Target

Summit Supply

Asbury, New Jersey, United States
Summit Supply is a provider of aftermarket rubber tracks as well as undercarriage wear parts, solid tires, and track pads for a wide range of machinery. Summit Supply was founded in 1982 and is based in Asbury, New Jersey.

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Buyer(S) 1

Buyer

PartsASAP

De Soto, Iowa, United States
Category Company
Founded 1998
Sector Retail
DESCRIPTION

PartsASAP is a supplier of used, rebuilt and aftermarket parts (collectively, “Alternative Parts”) for all makes and models of tractors, combines, and other farm machinery. The Company is a buyer of salvage agriculture equipment in the U.S. and maintains an extensive inventory of parts to support all OEM brands. ASAP provides a compelling value proposition to its customers based upon the price, availability, and warranty on its parts. PartsASAP was founded in 1998 and is based in De Soto, Iowa.

DEAL STATS #
Overall 8 of 10
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 8 of 10
State (New Jersey) 1 of 1
Country (United States) 7 of 9
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Rubbertrax

Conyers, Georgia, United States

Rubbertrax is a distributor of new aftermarket tracks and undercarriage parts for mini excavators, compact loaders, and other types of mobile industrial equipment. Rubbertrax was founded in 2001 and is based in Conyers, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Dominion Equipment

Ashland, Virginia, United States

Dominion Equipment is a distributor for yanmar construction equipment, Dominion Equipment Parts created a network of dealers throughout the country selling high-quality Yanmar mini-excavators. Dominion Equipment was founded in 1998 and is based in Ashland, Virginia.

Buy -
Mergr

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