Chicago, IL – August 1, 2014 – Dot Family Holdings, LLC (“DFH”) is pleased to announce that it has partnered with Svoboda Capital Partners LLC (“SC”) to lead a significant equity investment in Reliable Parts Holdings (“Reliable” or the “Company”). Reliable plans to use this new capital to invest in future growth initiatives and to support strategic acquisitions.
Founded in 1933 and headquartered in Seattle, Washington, Reliable is one of the largest independent, value-added distributors of appliance parts, appliance accessories, filters, detergents, and related products in the Northwestern U.S. and across Canada. Reliable has 6 distributions centers across North America, 46 additional branch locations and serves as a full-service, authorized parts supplier of leading manufacturers including Whirlpool, General Electric, and Electrolux.
“Reliable is a market leader in the appliance parts distribution market, and DFH is excited to partner with SC and the Company’s talented management team to leverage our collective expertise in the distribution sector.” said John Tracy, CEO of DFH.
“This transaction exemplifies our strategy of investing in leading, value-added distribution companies with strong management teams.” said Joe Thomas, Vice President at Svoboda Capital Partners. “We look forward to supporting the Company’s plan to expand its product offering and geographic footprint.”
For more information, please visit www.reliableparts.com.