Parts Town Acquires 3Wire Group
Parts Town, the Addison, Ill.-based giant in foodservice parts distribution, has acquired the foodservice parts distribution and field service business assets of 3Wire Group, a Marmon company. Financial terms were not disclosed.
The 3Wire businesses primarily distribute foodservice equipment parts to major chains and service companies. Headquartered in Osseo, Minn., it has distribution centers in Dallas, Minneapolis, and the Philadelphia area and service centers in Los Angeles, Seattle, and Plattsburgh, N.Y. The origins of 3Wire’s foodservice parts distribution date back to the merger of Northern Parts, Pacific Coast Parts, and Restaurant Appliance Service under the 3Wire brand (as part of IMI Cornelius) prior to becoming part of Marmon in 2014.
“This acquisition will further strengthen the differentiated value we bring to both our manufacturer and customer partners,” states Steve Snower, CEO of PT Holdings, parent company of Parts Town. “3Wire has built an excellent team, a strong brand and very solid major account partnerships, along with innovative technology.”
Following the transaction, Jeff Audette will remain as general manager and continue to lead the 3Wire foodservice parts distribution team as part of Parts Town. Tom McPeters will continue to lead the 3Wire field service team as its general manager.
“Jeff and Tom are proven industry leaders and have built outstanding teams,” states Snower. “We are excited to take the best of Parts Town and 3Wire, and create something truly special in the foodservice equipment parts space to strengthen our manufacturer and customer partnerships.”
The 3Wire brand will continue as part of Parts Town, with the businesses coming closer together in the coming months. A future announcement is pending about 3Wire’s beverage parts distribution division and technical service support team, which will remain part of Marmon and will be re-branded.