First Choice Group, a leading supplier of spare parts to the UK catering industry, has been acquired by PT Holdings, the parent company of Parts Town, the world's largest distributor of OEM parts for the foodservice industry.
Director John Whitehouse said: "The acquisition of First Choice Group by Parts Town, a $300-million distribution company, takes us to the next level and will enhance the customer experience.
"It's very exciting. It will grow our business immeasurably and expand our stock and service capabilities to even greater heights. It also opens up the very real possibility of First Choice Group entering new markets, something we've long had the ambition to do."
Fellow Director Carl Bate added: "We've worked ever so hard to achieve our success and the status that comes from that success. Now we can look to the future with real enthusiasm and excitement."
First Choice Group will continue to operate under its existing brand with John Whitehouse as Managing Director and Carl Bate as Director of Procurement and Logistics.
Chicago-based Parts Town was established in 1987 as a restaurant equipment parts distribution business designed to support local field service companies with the parts required to support their customers.
It is now the dominant industry force, recognized by Inc. Magazine for six consecutive years as being one of the fastest-growing privately held companies in North America.
Chief Executive Officer at PT Holdings LLC, Steve Snower, said: “This partnership further strengthens PT Holdings' market leadership in genuine OEM parts distribution. John, Carl and the whole First Choice team have built an extraordinary business. We respect and appreciate the integrity with which the business is run.’’