Parts Town announced that Leonard Green & Partners, L.P. has made a significant investment in the company. Existing investor Berkshire Partners will retain its majority stake in the company.
Ritchie Bros. announced that it has completed its acquisition of SmartEquip, a technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers.
The results of the latest survey from home improvement platform Modernize indicate the trend of spending on the home will continue at least through the rest of the year.
Jorban-Riscoe, LLC has passed from prior ownership into the hands of Kevin Harre (CEO), Kurt Harre (COO), and Mike Lorenz (President). The former owners, Mark and Joe Riscoe, took over company ownership in 1975 and 1979 (respectively) from Founder Herman Jorban, who launched the HVAC representative business in 1947.