NAPSD News

Equiparts - Employee Owned Company

Equiparts Corporation — Thu, 05 Sep 2024 21:12:16 GMT

Equiparts Announces Employee Stock Ownership Plan

PITTSBURGH, Pennsylvania ‐ Equiparts Corporation is thrilled to announce that it is now an employee‐owned company. The Employee Stock Ownership Plan (ESOP) was announced to Equiparts employees on June 20th, 2024, and finalized on August 9th, 2024.

An ESOP is a unique opportunity for employees to become a direct stakeholder in the company. Through this benefit plan, eligible employees will own a portion of Equiparts, aligning employee interests with the long-term growth and prosperity of the Equiparts organization.

Joel Weiss, former owner and President of Equiparts, said he felt that the ESOP transaction was the next logical step for the team-centered company. He stated that “Whenever someone decides to sell their company, I’m sure it’s a difficult decision. However, in my case, making Equiparts 100% employee‐owned was easy. It’s the people, our employees, that made the company and built it into what it is today, and I’m so proud.”

Chris Pofi, Director of Operations, said that the change “benefits our customers because everyone has a vested interest in the success of the company. Helping each customer the best way possible is the key to that success, so that will always be our goal.”

“At Equiparts, we are more than just a company – we are a community,” said Yolanda Frank, Director of Purchasing & Inside Sales. “Our ESOP transaction reflects our unwavering belief in the power of collaboration, and the value of each and every member of our team. Together, we will continue to innovate, grow, and succeed.”

About Equiparts: Equiparts has been supplying a complete line of plumbing and mechanical specialties to solve a wide variety of maintenance repair problems since 1968. Equiparts customers include plumbers and maintenance teams from all types of facilities including schools, hospitals, prisons, national parks, apartment buildings, government buildings, restaurants, and many other commercial businesses.

Get an inside look at Equiparts and their team members in their company video ‘We Are Equiparts, The Repair Parts Specialists’

Equiparts

Watertown Supply, Div. of FW Webb — Fri, 03 Dec 2021 16:21:26 GMT

Equiparts Corporation Acquires Parts Unlimited Incorporated

PITTSBURGH, Pennsylvania - Equiparts Corporation, located in the Greater Pittsburgh Area, announced today that it has acquired Parts Unlimited, Incorporated (PUI). Located in Manassas, Virginia, Parts Unlimited is a Plumbing Supply Distributor that has been supplying local plumbers and facility managers with plumbing parts and maintenance solutions since 1992, for over 25 years.

Equiparts and Parts Unlimited have been friendly plumbing distributors since the company presidents met in the early 2000’s. Both distributors were members of the group North American Plumbing Specialties Distributors, also known as NAPSD. NAPSD is a professional group of distributors who provide specialty plumbing solutions to commercial businesses.

The addition of Parts Unlimited brings 15 new members to the Equiparts team. It also adds a second warehouse located in Manassas, Virginia. This secondary warehouse enables Equiparts to more quickly service customers located in Virginia, Washington DC, and Maryland. “We are very excited for the Parts Unlimited team to join Equiparts,” said Joel Weiss, President of Equiparts. “Our values - professional service and product expertise, align with PUI’s values, which made acquiring them an easy decision to make.”

Facts & Figures about Equiparts:

Equiparts has 60 employees
Equiparts ships throughout the US, Canada, and Caribbean.
Equiparts has three websites: Equiparts.net, Sloanrepair.com, and Equipartsdrinkingfountains.com.
Equiparts has an outside sales team that works with customers on-site throughout the following states: PA, OH, NY, DC, DE, MD, VA, WV, IN, MI, KY.
We have counter services for our local customers at both our headquarters in Oakmont, Pennsylvania, and now in Manassas, Virginia as well.

Since 1968, Equiparts has been supplying a complete line of plumbing and mechanical specialties to solve a wide variety of maintenance repair problems. Based in Pittsburgh Pennsylvania, we distribute the following types of parts and related products to commercial and institutional facilities across the United States: plumbing, commercial heating, hardware, drinking fountain parts, window, locker, partitions, glides and casters, electrical, fasteners, tools, chemicals, and more. Our customers include plumbers and facility maintenance teams from all types of facilities including schools, prisons, national parks, apartment buildings, government buildings, restaurants, and countless other commercial businesses.

Learn more in the Equiparts Acquires Parts Unlimited article.

Store.equiparts.net - 800-442-6622 - info@equiparts.net

Randy Grebel is retiring!

The Part Works, Inc. — Wed, 05 Feb 2020 18:38:44 GMT

Randy Grebel from Bemis Manufacturing is retiring this Friday, 2/5/20. Please join me in saying thank you to Randy for your long commitment to NAPSD and your support of specialty companies. We wish you all the best in your retirement years!