About PartsSource
PartsSource is a company based in Cleveland (United States) founded in 2001 was acquired by Bain Capital Private Equity in July 2021. It operates as a Reseller / Distribution and Managed Services. PartsSource has raised $50 million across 1 funding round from investors including Bain Capital Private Equity, Polaris Partners and Primus Capital. The company has 284 employees as of December 31, 2021. PartsSource offers products and services including Medical Parts, Repair & Service Agreements, and PartsSource PRO. PartsSource operates in a competitive market with competitors including Attainia, System Stone, Adusso, Suwell and SterilWize, among others.
- Headquarter Cleveland, United States
- Employees 284 as on 31 Dec, 2021
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Partssource, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Private Equity Round
Aug 08, 2008
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Investors
Bain Capital Private Equity
& 3 more
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Employee Count
284
as on Dec 31, 2021
- Acquired by
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Products & Services of PartsSource
PartsSource offers a comprehensive portfolio of products and services, including Medical Parts, Repair & Service Agreements, and PartsSource PRO.
Medical parts for various healthcare devices are supplied.
Repair and service agreements for equipment are offered.
Solutions for equipment uptime maximization are provided here.
People of PartsSource
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Leadership Team
12 people
Product Management Team
5 people
Software Development Team
5 people
Sales and Marketing
4 people
Human Resources and Administration
4 people
Operations Team
3 people
Finance and Accounting
2 people
Data Analysis and Operations Team
1 people
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Funding Insights of PartsSource
PartsSource has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $50 million completed in August 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in PartsSource
PartsSource has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Bain Capital Private Equity, Polaris Partners and Primus Capital.
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US focused venture capital firm
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Private equity investments are directed toward the US and Canada.
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Investor details for PartsSource
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Investments & Acquisitions by PartsSource
Investment portfolio details for PartsSource
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- Transaction dates
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Financial Statements - PartsSource
Detailed financials for PartsSource
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Partssource Comparisons
Peer comparison for PartsSource
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Competitors of PartsSource
PartsSource operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Attainia, System Stone, Adusso, Suwell and SterilWize, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based capital equipment planning solutions are offered for healthcare.
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Maintenance and quality assurance app for factory and hospital
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Usability testing solutions for healthcare medical equipment are provided.
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Fixed asset maintenance for hospital equipment is managed via software.
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Smart sterilization workflow systems and software for dentists are provided.
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Detailed competitors of PartsSource
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Latest news on Partssource
Complete news archive for PartsSource
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Frequently Asked Questions about PartsSource
PartsSource was founded in 2001 and raised its 1st funding round 7 years after it was founded.
PartsSource is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Philip Settimi is the current CEO of PartsSource.
PartsSource is a funded company, having raised a total of $50M across 1 funding round to date.
As of Dec 31, 2021, the latest employee count at PartsSource is 284.
PartsSource is involved in the distribution of medical equipment parts and related services for healthcare providers. Operations are focused on ensuring equipment uptime and reducing operational risks through solutions like PartsSource PRO. A network of over 5,000 pre-qualified service technicians is maintained for quality repairs. Repair and service agreements are offered to unlock financial, clinical, and labor capacity for healthcare organizations. The company serves various sectors within healthcare, including imaging, patient monitoring, and facilities management.
PartsSource's top competitors include Attainia, System Stone and Adusso.
PartsSource offers Medical Parts, Repair & Service Agreements, and PartsSource PRO.
PartsSource has 4 investors. Key investors include Bain Capital Private Equity, Polaris Partners, Primus Capital, and Great Hill Partners.