Parts Now! Acquires Canadian Distributor Pieces Express
MADISON, Wis. — Parts Now! announced it has acquired
the Canadian firm Pieces Express, Inc., based in Lacolle, Quebec.
Pieces Express is a leading Canadian distributor of laser
printer parts. The acquisition enables Parts Now!, which is already a large
supplier of laser printer parts in North America, to expand its product
offering in the Canadian marketplace.
“We see this as an intelligent combination of two
well-regarded companies,” said Kevin Guy, vice president of sales and marketing
at Parts Now! “We expect the combined sales of Pieces Express and Parts Now!
will allow us to become the industry’s largest supplier in Canada inside the
next 18 months.”
“The acquisition of Pieces Express leverages the strengths
of both companies,” said Clifford Peterson, principal at Banc of America
Capital Investors. “It strategically positions us to accelerate our growth and
enhance our capabilities in the North American marketplace.”
Parts Now! is primarily owned by Banc of America Capital
Investors and Svoboda, Collins LLC.
“We are excited to join Parts Now!,” said Gilles Robichaud,
president of Pieces Express. “Our customers will benefit from their impressive
track record of 16 years of consecutive growth.”
The two companies share little customer overlap, giving each
the ability to capture additional business opportunities. In addition, Parts
Now! gains strategic distribution facilities in Quebec, Vancouver and the
Maritime Provinces.
Pieces Express will continue to operate under the trade name
Pieces Express, Parts Now! ULC.
Contact Parts Now!
- Toll free: 800-886-6688
- Ph: 608-276-8688
- Fax: 608-276-1458
- Visit: www.partsnow.com
This article originally appeared in the September 2006 issue of Recharger.