Linsalata Capital Partners, a Cleveland-based private equity firm, announced that it has acquired Stag-Parkway Inc. from Ares Capital Corp. Terms of the transaction were not disclosed.
According to a press release, Stag-Parkway?s senior management team invested alongside Linsalata Capital. Stag-Parkway CEO Martin Street noted, ?Our team is excited to partner with LinCap and leverage their distribution expertise as we accelerate our strategic growth initiatives in 2013 and beyond.?
Headquartered in Atlanta, Stag-Parkway is the largest aftermarket distributor of recreational vehicle parts and accessories in North America serving as a link between a diverse base of 6,000 customers and over 600 suppliers. Stag-Parkway also offers next-day delivery to areas covering 95% of the U.S. population.
Stephen B. Perry, co-president and senior managing director at Linsalata Capital Partners, stated, ?Stag-Parkway is an excellent opportunity for us to build on our previous experience investing with industry leading distribution companies. We are excited about the prospects for the business going forward.?
?Martin Street has developed a deep and talented management team building a company based on customer service and a dedication to helping their customers enhance performance?, added Michael J. Faremouth, principal at Linsalata Capital Partners. ?We like niche aftermarket sectors and are excited about the opportunity to continue growing the business through internal initiatives and potential acquisitions.?
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Source: http://www.rvbusiness.com/2012/12/private-equity-firm-acquires-stag-parkway-inc/
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