Los Angeles-based private equity firm, CounterPoint Capital Partners, LLC, announces acquisition of leading manufacturer and distributor of printer components, Parts Now, LLC.
LOS ANGELES, CA – CounterPoint Capital Partners announced today that it has completed the acquisition of Parts Now, LLC from its existing shareholders. Financial terms of the acquisition were not disclosed.
Parts Now is North America’s largest value-added supplier of consumable printer parts and related accessories. In addition to printer consumables and aftermarket repair parts, Parts Now is also the nation’s largest trainer of printer repair technicians and is an award-winning industry leader in providing managed print services.
“Parts Now has been at the forefront of its industry since its inception,” said Matthias Heilmann, CounterPoint partner and new CEO of Parts Now. “We are very proud of the Company’s authorized distributor status with our critical partners and will be making several strategic and operating improvements to strengthen and expand these key partnerships.”
Matt McLeish, Vice President of Sales & Marketing for Parts Now, added, “With CounterPoint’s financial commitment and operational support, Parts Now is well positioned for long-term growth and stability. Our day–to–day operations will remain the same and so will our dedication to providing our large and diverse customer base with solutions that enable them to win in their marketplaces.”
“This investment is a significant milestone for CounterPoint,” said Chris Iorillo, Managing Partner. “Our hands-on, front-line approach and operating expertise allowed us to quickly work through a variety of challenging issues and close this deal on the timeline we promised – less than thirty days from our selection as the buyer.”
CounterPoint was represented by Rob Carlson of Paul Hastings LLP (corporate, M&A, and tax) and Matthew Wrysinski of Alston & Bird LLP (banking).
About CounterPoint Capital Partners
CounterPoint Capital Partners (www.counterpointcp.com) is a Los Angeles-based investment firm focused on acquiring lower-middle market companies headquartered throughout the United States and Canada with $10 million to $200 million in annual revenues. CounterPoint looks for complex situations caused by operational, succession, or financial challenges within a company or industry and, by developing a close partnership with management teams and other stakeholders, implements structural and operational improvements to put portfolio companies on a successful trajectory.
Contact:
Jennifer Boyd
Marketing Manager
Phone: (800) 886-6688 x1240
jboyd@partsnow.com
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