Uncategorized

Reliable Parts Announces Strategic Investment

Blog

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…

View original post 129 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s