Exit: Riverside sells REPA to PT Holdings

Munich, Germany — The River­side Company, the global private equity firm focu­sed on middle-market growth compa­nies, has sold its port­fo­lio company REPA to PT Holdings, a U.S. distri­bu­tor of restau­rant repair and repla­ce­ment parts, which is owned by private equity firm Berkshire Partners.

River­side had acqui­red a stake in REPA in Octo­ber 2016, a leading spare parts distri­bu­tor for profes­sio­nal kitchens and for coffee and vending machi­nes, today with over 700 employees in 13 inter­na­tio­nal loca­ti­ons. — During his holding period, River­side built REPA into a Euro­pean market leader with a growing inter­na­tio­nal presence. In addi­tion to conti­nuous orga­nic growth, REPA was able to make six acqui­si­ti­ons in Italy, Spain, Great Britain, Austria and Austra­lia and successfully inte­grate them into the Group.

River­side part­ner Peter Scha­ber­ger was respon­si­ble for the invest­ment in REPA for River­side Europe and says: “I am proud of our long and successful part­ner­ship with the REPA team. In addi­tion to imple­men­ting a pan-Euro­­pean acqui­si­tion stra­tegy, estab­li­shing new product cate­go­ries and streng­thening OEM part­ner­ships, we have conti­nuously worked to profes­sio­na­lize the orga­niza­tion, expand warehouse capa­city, auto­mate proces­ses and lay the ground­work for a group-wide imple­men­ta­tion of an ERP system.”

In addi­tion, REPA contin­ued to expand its presence in Europe while further impro­ving its excel­lent custo­mer service, fast deli­very times and regio­nal coverage. River­side drove REPA’s stra­te­gic evolu­tion from an inde­pen­dent specia­li­zed distri­bu­tor at the time of acqui­si­tion, to a relia­ble and holi­stic outsour­cing part­ner for the after­mar­ket busi­ness of manu­fac­tu­r­ers around the world.

“Once again, we are demons­t­ra­ting our ability to profes­sio­na­lize and inter­na­tio­na­lize leading mid-market compa­nies through orga­nic as well as inor­ga­nic growth initia­ti­ves,” added Kars­ten Langer, Mana­ging Part­ner of River­side Europe.

“We thank River­side for the excel­lent coope­ra­tion over the past five years. This tran­sac­tion is the next logi­cal step in REPA’s evolu­tion and is in line with our own growth aspi­ra­ti­ons. We have always expan­ded our port­fo­lio of parts and now, with PT Holdings, we are even better posi­tio­ned to provide our custo­mers with outstan­ding service in all aspects of spare parts,” said Alex­an­der Wiegand, CEO of REPA.

In addi­tion to Peter Scha­ber­ger, Riverside’s invest­ment in REPA Group was mana­ged by Prin­ci­pal Till­mann Immisch, Asso­ciate Nicola Tomaschko and Senior Opera­ting Part­ner Fabio Pesiri.

About River­side Company

The River­side Company is a global private equity firm focu­sed on invest­ments in middle-market growth compa­nies valued at up to $400 million. Since its foun­ding in 1988, River­side has made over 800 invest­ments. Riverside’s inter­na­tio­nal private equity and struc­tu­red capi­tal port­fo­lios include over 140 compa­nies. River­side Europe is an inte­gral part of the company’s global network and has been inves­t­ing in Europe since 1989. River­side belie­ves this global presence provi­des excep­tio­nal insight into local condi­ti­ons, culture and busi­ness prac­ti­ces, making the River­side team better inves­tors and busi­ness part­ners. www.riversidecompany.com

REPA — The Spare Parts Group

REPA is a leading distri­bu­tor of spare parts for profes­sio­nal kitchens and for coffee and vending machi­nes in Europe. We offer the largest selec­tion of high quality spare parts and the best service. With over 700 employees at 13 inter­na­tio­nal loca­ti­ons and seve­ral auto­ma­ted warehou­ses, we can deli­ver all spare parts quickly and effi­ci­ently. Orde­red today, deli­vered tomor­row. The REPA Group includes LF (Italy), GEV (Germany), EPGC (France), Atel (Italy) and CCS (UK). www.repagroup.com