Parts Town Reports 33% Revenue Growth in 2021

Parts Town, a distributor of OEM foodservice equipment parts, announced 33% annual revenue growth last year, a spike it attributes to technology innovations, acquisitions, global expansion and new master distribution programs.

With the increase, the company says it reached annual revenue of $1 billion last year and expects to grow to over $1.8 billion in revenue this year.

“We are incredibly proud of Parts Town’s continued growth in 2021,” says Steve Snower, CEO of Parts Town, in a press release. “Our team members have always risen up to meet new challenges and will continue to do so in 2022. As the restaurant and foodservice industry continues to come back, Parts Town will continue supporting the industry through technology advancements, innovation and fast delivery of the genuine OEM foodservice parts commercial kitchens need to thrive.”

Recent highlights for the company include seven acquisitions last year, including General Parts, and the company has acquired REPA Group and Encompass Supply Chain so far this year. Last November, the company also welcomed a new investor, Leonard Green and Partners.