North American Commercial Parts and Service, Inc.
NACPS is a leading food equipment parts distribution and field service company. The Company provides parts, repair and planned preventive maintenance services for thousands of restaurants, hotels, hospitals, school districts, and universities. NACPS maintains relationships with many of the leading food service equipment manufacturers and operates factory authorized parts and service centers for select OEMs.
Wes Tyler and Jim O’Brien, the founders and owners of NACPS, had grown the Company from its founding to one of the largest parts and service companies in the industry. They recognized that in order to continue that growth they would need to make substantial investments in technology and infrastructure as well as continue to make strategic acquisitions. Wes and Jim are both industry veterans who sought to sell their business to a premier industry player that would invest in the growth of the business, treat their employees well, be a fun place to work and share the same service-oriented culture.
CMM ran a targeted auction process and approached a number of strategic buyers. Before approaching the market, CMM worked closely with the management team to prepare the company for an intensive marketing and due diligence process. CMM helped prepare a recast of the financial statements, a customer, tax and asset analysis before running a managed auction. Wes Tyler commented, “Having advisors who we trusted to represent our best interests was essential to us.”