3min chapter

Private Equity Deals with Capital Allocators cover image

Berkshire Partners, Kevin Callaghan and Larry Hamelsky – Culture and Compounding at Parts Town (S1, EP.04)

Private Equity Deals with Capital Allocators

CHAPTER

Parts Town - Was It a Family Owned Business?

The business had been owned by the family until 2014 or 13. Summit partners became an investor in that year and saw some of the same things we did shortly thereafter. The company diligenceed a company that largely distributed generic parts, so knockoff parts. We sort of underwrote a lower growth rate and we bid for that company but ended up not winning it.

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