Reliable Parts is pleased to announce that Dot Foods and Svoboda Capital Partners have made a significant strategic investment in the company. Reliable will use the funds to invest in future growth initiatives, to support strategic acquisitions and to facilitate an ownership transition from the Loughran family. Reliable will remain an independent company, and no changes are planned for key management, sales, operations or customer service personnel.
“We are excited about our new partnership with Dot Foods and Svoboda Capital,” said Ann Marie Ward, CEO of Reliable Parts,” and believe their combined operational and financial resources will be very helpful as we pursue future growth. Phil Orazietti, President of Reliable Canada, said, “We believe this investment and ownership transition makes tremendous sense for our customers, staff and channel partners at this point in Reliable’s history.”
“We are extremely excited about our investment in Reliable,” said John Tracy, CEO of Dot Foods and Peter Gotsch, Managing Director of Svoboda Capital Partners,” and we look forward to working with the entire Reliable Parts team to support future growth at the business.”
About Dot Foods, Inc.
Dot Foods is the largest master distributor of food and related products in the U.S. Headquartered in Mt. Sterling, Illinois, Dot sells more than 100,000 products to regional and independent distributors through nine distribution centers located throughout the U.S. The company has been owned and operated by the Tracy Family for more than 50 years. (www.dotfoods.com).
About Svoboda Capital Partners LLC
Svoboda Capital Partners is a Chicago-based private investment firm with over $300 million of capital. Founded in 1998, SC is one of the leading private investors in growth oriented distribution businesses in North America (www.svoco.com).