We advised the agent and lender on the transaction

Davis Polk advised the administrative agent, collateral agent and lender on $1.52 billion in term loan facilities provided in connection with the refinancing of Parts Town’s existing facilities and a tuck-in acquisition.

Berkshire Partners is a U.S.-based private equity firm that has invested in over 100 middle-market companies since 1986 through nine investment funds with aggregate capital commitments of more than $16 billion.

Leonard Green & Partners is a private equity investment firm based in Los Angeles that has raised over $40 billion of committed capital since inception.

Parts Town was founded in 1987 as a restaurant equipment parts distributor for service companies and now employs almost 400 team members and supports local, national and international customers.

The Davis Polk finance team included partner Nicholas A. Palumbo and associate Ruben N. Henriquez. The tax team included partner Mario J. Verdolini and associate Dov Sussman. All members of the Davis Polk team are based in the New York office.