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GenNx360 Capital Partners Announces Investment in Vintage Parts, Inc.
GenNx360 Capital Partners, a New York-based private equity firm investing in middle market companies, today announced its investment in Vintage Parts, Inc. (“Vintage Parts” or the “Company”). Headquartered in Beaver Dam, Wisconsin, Vintage Parts supplies slow-moving replacement parts sourced from original equipment manufacturers (OEMs) to OEM-approved dealers and distributors. The Company is 100% aftermarket focused and has partnerships with more than 60 OEMs in the automotive, construction, agriculture, and trucking end markets. The Company operates 16 facilities and employs over 100 people. The transaction represents the fourth platform investment for GenNx360’s Fund II. Terms of the transaction were not disclosed.
Vintage Parts has experienced significant growth, and plans to expand its services in existing as well as new end markets and partnerships. "We are excited about the new business relationship with GenNx360," said Darrell Armbruster, Vintage Parts' President and Chief Executive Officer. "GenNx360's relationships with companies in our target markets will help us win new business as well as grow existing accounts."
Matt Guenther, the GenNx360 Partner who led the transaction, said, “We are impressed by the Company’s level of service to its partners and their dealer networks. As an industry pioneer, Vintage Parts has been successful in consistently adding new OEM partners to its network. We look forward to partnering with the Company’s experienced management team to help them continue to grow while maintaining their high quality of service.”
About GenNx360 Capital Partners
About Vintage Parts, Inc.
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