Sequeira Partners acted as advisor to Reliable Parts Inc. in its sale to DOT Foods and Svoboda Capital Partners. The Dot Foods press release is below with the original Dot Foods press release.
May 29, 2014
MT. STERLING, Ill. – Dot Foods, the nation’s largest food industry redistributor, is proud to announce a significant investment in Reliable Parts Inc., which is one of the largest and most respected appliance parts and BBQ parts distributors in North America.
“The Tracy family looks forward to working with the talented people of Reliable Parts,” said Dot Foods CEO John Tracy. “It’s a company and group of people with a similar family business, customer service approach to customers and suppliers, and that’s very important to us.”
Dot Foods investment in Reliable Parts is in unison with Svoboda Capital Partners, a Chicago-based private investment firm. The growth investment will also provide Dot an insight into different methods of distribution across industries.
“We are extremely excited about our investment in Reliable,” said Tracy and Managing Director of Svoboda Capital Partners Peter Gotsche, “and we look forward to working with the entire Reliable Parts team to support future growth at the business.”
Washington state-based Reliable Parts will continue normal operation as an independent company with no personnel or benefit changes planned. The investment will support the future growth of Reliable Parts, strategic acquisition initiatives and ownership transition facilitation.
About Reliable Parts Inc.
Reliable Parts was established in 1933 and has evolved into one of the largest and most respected appliance parts and BBQ parts distributors in North America. Although a mature company in experience, our outlook is young as we face the challenges of the future with excitement.
The United States market is served by a Distribution Center and Head Office in Tukwila, Washington, which is south of Seattle and there are several branches located on the west coast.
The Canadian market is served by our Distribution Centre and Head Office in Coquitlam, British Columbia, which is close to Vancouver, BC, Canada. We have Reliable Parts branches located in major cities across Canada as well as regional appliance part distribution centers to assist in prompt delivery of orders.
All our branches are located for convenience and contain showrooms effectively displaying our most popular appliance parts, and accessory items. Click here for our Reliable Parts branch locations in The United States.
About Svoboda Capital Partners LLC
Svoboda Capital Partners is a Chicago-based private investment firm with over $300 million of capital. Founded in 1998, SC is one of the leading private investors in growth oriented distribution businesses in North America (www.svoco.com)
About Dot Foods and Dot Transportation
Dot Foods and Dot Transportation continue to experience exceptional growth and are hiring in record numbers. Both companies are looking to fill positions for full and part-time drivers and warehouse personnel in all eight locations.
Dot Foods Inc. carries 105,000 products from 650 food industry manufacturers and is the largest food redistributor in the United States. Dot Foods distributes foodservice, convenience, retail and vending food products to distributors in all 50 states. Dot Foods operates eight distribution centers in: Modesto, California; Vidalia, Georgia; Burley, Idaho; Mt. Sterling, Illinois; Cambridge City, Indiana; Williamsport, Maryland; Liverpool, New York; and Ardmore, Oklahoma. A ninth distribution center in Dyersburg, Tennessee is under construction and scheduled to open in September 2014.