Parts Town Acquires Whaley Foodservice Repairs
PT Holdings, the parent company of Parts Town, has acquired Whaley Foodservice Repairs. Founded in 1987, Addison, Ill.-based Parts Town markets and distributes genuine OEM parts to the foodservice industry, and provides field service.
Whaley, established in 1944, is headquartered in Lexington, S.C., and operates 15 locations in the Southeast. Founder Wells Whaley will join the Parts Town board of directors and serve as an executive advisor to the company’s leadership. “Our partnership with Whaley will enhance our ability to bring unique value to our manufacturer and customer partners,” commented Parts Town CEO Steve Snower.
PT Holdings operates a group of companies in the foodservice market focused primarily on genuine OEM parts distribution. Parts Town is the group’s largest brand. PT Holdings also operates a group of locally focused field service companies that operate independently from Parts Town. PT Holdings is a portfolio company of Summit Partners. Summit’s Jay Pauley, who sits on the Parts Town board of directors, emphasized the acquisition’s strategic importance. “Parts Town is a strong platform in the market for OEM foodservice parts and repairs. This acquisition is a great example of the opportunities – both organic and inorganic – available to expand the company’s footprint and enhance customer service.”