Private equity firm, CounterPoint Capital Partners, announced the acquisition of manufacturer and distributor of printer components, Parts Now! from its existing shareholders. Financial terms of the acquisition were not disclosed.
CounterPoint was represented by Rob Carlson of Paul Hastings (corporate M&A and tax) and Matthew Wrysinski of Alston & Bird (banking).
CounterPoint said Parts Now is one of North America’s largest value-added suppliers of consumable printer parts and related accessories. In addition to printer consumables and aftermarket repair parts, Parts Now is also one of the nation’s largest trainers of printer repair technicians and is an award-winning industry leader in providing managed print services.
Los Angeles, CA-based investment firm CounterPoint Capital Partners focuses on acquiring lower middle-market companies headquartered throughout the United States and Canada with $10 million to $200 million in annual revenues.