Parts Town

• Led a majority investment in December 2013 as the company's first institutional investor
• Worked closely with CEO Steve Snower to add an experienced CFO, who had previously served as CFO at a prior Summit portfolio company. Summit’s Talent & Recruiting Team also helped fill key roles in sales and marketing.
• Collaborated with management to formulate an acquisition strategy focused on accelerating growth. Assisted in sourcing, diligencing and financing three acquisitions – including the acquisition of Whaley Foodservice Repairs – to expand Parts Town’s geographic reach and enhance its customer service capabilities.
• Summit’s Capital Markets team helped structure, negotiate and execute multiple credit facilities to help fund the company’s acquisition strategy
• Summit’s Peak Performance Group helped to optimize Parts Town’s value proposition, sales force and customer success teams, identifying opportunities to segment the team to improve productivity and implement standardized processes and pricing

During Summit’s investment, Parts Town grew significantly, fueled primarily by new customer and acquisition-driven growth, expansion into new service segments, an enhanced technology platform and new master distribution partnerships. The company continues to innovate and works every day to delight customers and support its more than 1000 manufacturing partners. In 2021, Parts Town completed a majority recapitalization led by Berkshire Partners and Leonard Green Partners, representing an exit for Summit Partners.

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_{The Portfolio Company Executive quoted herein did not receive compensation for any statements regarding Summit Partners. However, since Parts Town is a former portfolio company of Summit, this individual did receive general compensation in connection with his employment by the company. In addition, this individual is not an investor in a Summit fund but may have conflicts arising from his role with Parts Town due to the company’s relationship with Summit.}