1ST SOURCE SERVALL PURCHASES APPLIANCE PARTS COMPANY OF LOUISIANA
Acquisition includes all eight locations and continues national expansion
Centerline, Michigan- 1st
Source Servall, one of the North America’s largest distributors of appliance
parts, just became larger with the purchase of the Appliance Parts Company of
Louisiana (APCOLA) and its eight retail operations throughout Louisiana
(Alexandria, Shreveport, Lake Charles, Lafayette, Baton Rouge, Metairie, Monroe and Bossier City). The acquisition includes all of the APCOLA’s
inventory, real estate and business infrastructure. 1st Source Servall will keep all
of the acquired stores fully operating and plans to retain all of the
approximate 50 employees currently employed by APCOLA.
“We are very
excited about the acquisition of Appliance Parts Company of Louisiana, which is
an organization with a remarkable reputation because of the leadership of its
owner Fred Lambert. We look forward to
maintaining that reputation, while enhancing the inventory to provide the best
customer service possible,” said Kim Adler, president, 1st Source Servall. “I think customers will also appreciate the
fact that 1st Source Servall is also a family owned company and that
we will provide the same type of personal attention they deserve.”
Source Servall, APCOLA is a family
owned operated business, founded in 1972 in Alexandria, LA, that offers a full
line of original equipment manufacturer (OEM) parts for Electrolux, General
Electric, Maytag, Haier and Whirlpool. APCOLA also provides a wide range of
supplies and accessories from industry names such as Sealed Unit Parts, Fasco,
Diversitech and Ritchie.
In addition, APCOLA distributed a full line of
HVAC Parts and equipment from International Comfort Product (ICP), which
include brands like Heil, Tempstar, and AirQuest. 1st Source Servall
will continue to stock all of the same inventory brands, but will expand its
offerings to provide customers with more convenience and purchasing options.
“It is very difficult to sell a business that you
have poured your heart and soul into for many years, but I am absolutely
confident that 1st Source Servall will be able to carry on the
reputation that the Appliance Parts Company of Louisiana has
become famous for in this great state,”
said Fred D. Lambert, founder, Appliance Parts Company of Louisiana.
Source Servall's acquisition of APCOLA includes all of the company’s extensive
inventory, its entire real estate portfolio and the store infrastructure that
APCOLA has developed in order to provide premium customer service. The addition of the eight stores will
increase 1st Source Servall’s national footprint to 51 stores,
including 12 distribution centers. While
this acquisition will mark 1st Source Servall’s first brick and
mortar location in Louisiana, the company has been shipping product to
customers within the state for many years.
purchase, which continues 1st Source Servall’s expansion plans, is integral
in the company’s Southern U.S. growth. 1st Source Servall entered
the Southeast region last year when it purchased the Alabama Parts Company and the
Appliance Parts Company of Mississippi and established a large Southeast
distribution center in Birmingham, AL.
Within the past five years, the company has grown from 13 locations in
two states to 51 store locations in 13 states.
The company has also grown from servicing customers in only Michigan and
Ohio to a client base that spans the entire Continental U.S.
Source Servall is committed to expanding our operations throughout the country,
and this latest acquisition makes our company the fastest growing in the
appliance parts industry,” Adler continued.
in 1929, 1st Source Servall is a third-generation family-owned and operated
distributor of appliance parts. With branch offices and call centers located
throughout the Midwest, Southwest, Southeast and Northeast, 1st Source Servall is the country's second-largest distributor of appliance
parts. For more information about 1st Source Servall, please
visit www.1stservall.com or