CHARLOTTE, N.C., Aug. 7, 2024
/PRNewswire/ -- D&L Parts Company ("D&L"), a family-owned
leading distributor of appliance & HVAC parts and equipment has
acquired Cashwell Appliance Parts, Inc ("Cashwell"), another
wholesale distributor of HVAC and appliance parts headquartered in
Fayetteville, NC.
Founded in 1972, Cashwell is a family-owned company renowned for
its experienced professionals who are dedicated to delivering
high-quality parts and exceptional service to its clients. With
seven locations across North
Carolina and four in Virginia, Cashwell has established a strong
presence in these regions.
The acquisition of Cashwell will complement and enhance the
service quality for D&L customers across its Mid-Atlantic and
Southeast regions while offering an expansion opportunity for
D&L in attractive long-term markets. With this acquisition,
D&L will significantly bolster its mid-Atlantic and Southeast
market position with 11 new locations This strategic combination
will not only broaden D&L's reach but also optimize its product
offering, supply capabilities and enhance its service to existing
and new customers.
Susan Renegar, President of
Cashwell, commented, "Cashwell has been in our family for decades
and we had a lot of requirements we needed to see in a strong buyer
for our business. We have always admired D&L and their
operation, and we could not be happier for the future of our
employees, our customers and suppliers now that we have joined
forces with this great company and their talented employees."
Rachel Nystrom, President at
D&L, commented, "We are thrilled to welcome Cashwell Appliance
to the D&L Parts family. This transaction represents a
significant step forward in our mission to provide unparalleled
customer service and on-demand inventory to our customers. Through
our combined strengths we will deliver even greater value and
support to the appliance, HVAC and multifamily maintenance
industries."
Dvorak Law Group, LLC provided legal counsel to D&L and
Uplift Partners acted as the exclusive financial advisor to
D&L.
About D&L Parts Company
D&L Parts Company, an American family-owned business since
1955, is a leading HVAC and appliance repair parts distributor in
the Southeast representing major OEM's such as Trane, Whirlpool, GE
and Frigidaire. With 30 locations across Virginia, North and South Carolina, D&L is dedicated to
exceeding customer expectations with outstanding service,
competitive prices, and exceptional parts availability. The strong
relationships they have built with their customers are the
foundation of their success.
For more information, please visit www.dlpartsco.com or
contact Heather Jackson (704)
378-9931 or 381447@email4pr.com .
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SOURCE D&L Parts Company