Radial Equity Partners has announced a partnership with Multi Parts (MPS), a Florida-based supplier of non-discretionary replacement parts to the vehicle aftermarket. Terms of the transaction were not disclosed.
MPS provides turnkey solutions to companies in the vehicle aftermarket supply chain. The company was founded in 1988 and is led by the second-generation Owner and CEO, Brian Cohn. MPS offers its customers the ability to completely outsource the design, development and sourcing functions necessary to bring critical vehicle replacement products to market.
“At MPS, we combine a deep understanding of the failures impacting modern vehicles with our expertise in engineering, manufacturing and a well-established global supplier network to provide innovative, high-quality solutions,” said Brian Cohn, CEO of MPS. “Our partnership with Radial will give us access to greater resources and capabilities to accelerate our growth both organically and through complementary acquisitions.”
“MPS is a highly respected supplier of replacement parts offering engineering resources across three continents. This allows the company to serve global aftermarket suppliers across multiple countries and vehicle platforms,” said Jim McDonough, partner of Radial. “We are excited to partner with Brian and the MPS team to support the realization of the company’s global growth initiatives.”
The partnership represents a continuation of the Radial team’s focus on investing in the vehicle aftermarket, a key area of focus for the firm. The Radial team has previously led vehicle aftermarket investments in both the performance and restoration categories.
