Radial Equity Partners Announces Partnership with Multi Parts
Jupiter, FL April 19, 2023 —
Radial Equity Partners (“Radial”) today announced a partnership with Multi Parts (“MPS”), a leading supplier of non-discretionary replacement parts to the vehicle aftermarket. Terms of the transaction were not disclosed.
MPS provides turnkey solutions to industry leading 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.
About Multi Parts (MPS):
MPS is a developer and provider of vehicle aftermarket parts to suppliers and their leading global brands. MPS has a fully integrated global operating network that provides product design & development, manufacturing, testing & quality control, logistics, and customer support from the company’s locations in North America, Europe, and Asia. More information about MPS is available at www.multiparts.net.
About Radial:
Radial is a private equity firm focused on investing in middle-market businesses serving consumer and industrial markets. Radial invests in businesses where the firm can apply relevant prior experience and a network of industry relationships to support its management teams. More information about Radial is available at www.radialequity.com.