Leonard Green & Partners, L.P. joins Berkshire Partners as investors in the company
Parts Town announced that Los Angeles-based growth investment firm Leonard Green & Partners, L.P. (“Leonard Green”) has made a significant investment in the company. Existing investor Berkshire Partners (“Berkshire”) will retain its majority stake in the company, reinvesting alongside the Parts Town management team and Leonard Green.
These investments will enable Parts Town to accelerate innovation across its supply chain, distribution, and ecommerce operations while further investing in its team to drive sustained high growth. The transaction will also support the company’s rapid international expansion and its vision to extend into other mission critical parts categories including residential appliance parts, HVAC parts, and laundry parts.