Loading Audio Player...

Episode Description:

Kevin Callaghan and Larry Hamelsky are Managing Directors and long-time team members at Berkshire Partners, a 35-year-old private equity firm managing over $20 billion in middle-market deals and public equity. Kevin is a member of the Industrials and Consumer teams and Larry is a member of the Industrials and Communications teams at Berkshire.

Parts Town is a distributor of OEM repair and maintenance parts for the foodservice industry. The tech-enabled company provides 150,000 different after-market replacement parts to manufacturers of commercial kitchen appliances. Berkshire bought the business from Summit Partners in 2016 and transitioned ownership to a different Berkshire fund, continuation fund, and outside sponsor in 2021.

We discuss the business, finding and landing the deal, working with management, conducting tuck-in acquisitions, and recapping the business for another chapter of growth.

Most Recent Episodes:

The content and use of these transcripts is intended for the use of premium members only. Unless expressly granted permission by Ted, each corporate subscriber can share transcripts within their organization (if less < 50 employees) and both corporate and individuals subscribers can share two (2) transcripts with two (2) non-paying members, after which any non-paying members should consider a membership.

All opinions expressed by Ted and podcast guests are solely their own opinions and do not reflect the opinion of the firms they represent. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.