Reliable is a value-added distributor of appliance parts, appliance accessories, filters, detergents, and related products serving the Northwestern US and Canada. Reliable has 6 distributions centers across North America, 46 additional branch locations and serves as a full-service, authorized parts supplier of manufacturers such as Whirlpool, General Electric, and Electrolux. The company was founded in 1933 and is headquartered in Seattle (www.reliableparts.com).
“Reliable is a market leader in the appliance parts distribution market, and Svoboda Capital is excited to partner with Dot and the company’s talented management team to leverage our collective expertise in the distribution sector.” said Peter Gotsch, Managing Director at Svoboda Capital.
The company plans to use the new capital to invest in future growth initiatives and to support strategic acquisitions.
“This transaction exemplifies our strategy of investing in leading, value-added distribution companies with strong management teams.” said Joe Thomas, Vice President at Svoboda Capital. “We look forward to supporting the company’s plan to expand its product offering and geographic footprint.”
Svoboda Capital Partners invests from $10 million to $20 million in business services, value-added distribution, and consumer products companies that have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The firm was founded in 1998 and has over $300 million of capital under management. Svoboda Capital is based in Chicago (www.svoco.com).
2014 PEPD • Private Equity’s Leading News Magazine • 8-4-14