Original One Parts, a portfolio company of private equity firm Kinderhook Industries,has announced the acquisition of PartCycle Technologies LLC.
PartCycle Technologies is an e-commerce marketplace for quality recycled OEM auto parts. Based in Florence, Alabama, the company was founded in 2015 by two tech entrepreneurs with a shared passion for automobiles, DIY repair, and technology. Designed specifically for the auto parts industry, PartCycle connects people who need auto parts with the people who have them, using a platform that is trustworthy, modern, and very simple to use.
“Original One Parts plans to leverage PartCycle’s platform as a full-service e-commerce solution for our line of products,” said Wade Hilburn, CEO of Original One Parts. “PartCycle will immediately enhance Original One Parts technology capabilities, as well as expand our parts procurement and recycler relationships.”
PartCycle Technology President Ryan Anderson and his entire team will be joining the Original One Parts team.
“We are very excited to join forces with Original One Parts and Kinderhook Industries,” said Anderson. “Our technology and years of industry experience within the management team puts us in a unique position to have an immediate positive impact on the Original One Parts certified parts program.”
Jerry Sullivan, executive chairman of Original One Parts added, “PartCycle’s strong relationships with licensed recyclers will also enable Original One Parts to vastly expand its parts purchasing which will be a big boost for recyclers.”
