Oct. 12, 2011: 1st Source Servall Purchases Appliance Parts Company of Louisiana
DETROIT — 1st Source Servall has purchased the Appliance Parts Company of Louisiana (APCOLA ) and its eight stores throughout Louisiana (Alexandria, Shreveport, Lake Charles, Lafayette, Baton Rouge, Metairie, Monroe, and Bossier City). The acquisition includes all of APCOLA’s inventory, real estate, and business infrastructure. 1st Source Servall will keep all of the acquired stores fully operating and plans to retain all of the approximately 50 employees currently employed by APCOLA.
“We are very excited about the acquisition of Appliance Parts Company of Louisiana, which is an organization with a remarkable reputation because of the leadership of its owner Fred Lambert. We look forward to maintaining that reputation, while enhancing the inventory to provide the best customer service possible,” said Kim Adler, president, 1st Source Servall. “I think customers will also appreciate the fact that 1st Source Servall is also a family-owned company and that we will provide the same type of personal attention they deserve.”