Metronome Partners Represents Parts Town

Metronome Partners served as the exclusive financial advisor to Parts Town in its recent sale of a majority equity interest to Summit Partners.

“The Metronome team did a fantastic job. Their hands-on approach and 24/7 availability were critical to the success of our process,” said Steve Snower, CEO of Parts Town. “Not only did they find us a partner who understands our unique culture and will help us continue our aggressive growth, but they did it all in less than 90 days.”

Metronome worked with Parts Town’s senior management team to prepare marketing documents, compile diligence materials, approach potential partners, facilitate investor meetings, and evaluate and negotiate transaction terms.

Parts Town is a marketer and distributor of OEM restaurant equipment parts. Sectors served include commercial cooking, refrigeration, ice, and beverage equipment. Additionally, Parts Town provides field service and technical service support. The company has been recognized by Inc. Magazine as one of America’s fastest-growing private companies for five consecutive years. Parts Town was founded in 2003 and is based near Chicago in Addison, IL (www.partstown.com).

Metronome Partners is a mid-market investment bank which focuses on businesses nationwide that are valued from $30 million to over $500 million. Sectors where the firm has specific expertise includes business services, consumer, distribution & logistics, healthcare, manufacturing & industrial, and technology & software.

Metronome’s investment banking services include: advising owners of privately-held companies in the sale or recapitalization of their business; assisting private equity firms in the sale or recapitalization of their portfolio companies; representing publicly traded corporations and their boards in negotiating acquisitions, sales, and divestitures; raising capital for growth, acquisitions, recapitalizations, and management buyout transactions; and providing financial advisory services including valuations and fairness opinions.

Metronome has offices in Chicago and Memphis (www.metronomepartners.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 1-23-14