W.W. Williams Sold by One Equity Partners

Deal News | Jan 30, 2025 | One Equity Partners

One Equity Partners (OEP), a middle market private equity firm, successfully completed the sale of W.W. Williams, an aftermarket service and parts provider founded in 1912 and headquartered in Columbus, Ohio. W.W. Williams serves the North American markets through over 50 facilities in the U.S. and Mexico, offering services for on-highway and off-highway diesel engines, medium and heavy-duty trucks, and packaged generators for critical applications. Under OEP's ownership, W.W. Williams nearly tripled its EBITDA, achieved through both organic growth and strategic acquisitions. OEP executed multiple acquisitions to strengthen Williams’ position, expanding its service capabilities and geographical reach. Their investment in Williams aligns with OEP's strategy of driving transformational growth through strategic initiatives and business combinations. The detailed financial terms of the sale were not disclosed.

Sectors

  • Private Equity
  • Automotive Aftermarket Services
  • Industrial Equipment

Geography

  • United States – The primary operational region for W.W. Williams' service facilities and a key market for their growth and operations.
  • Mexico – Part of the North American region covered by W.W. Williams, highlighting its cross-border operations.
  • North America – Represents the broader regional market where both W.W. Williams operates and One Equity Partners invests.

Industry

  • Private Equity – Involves the investment and management of middle-market companies, exemplified by One Equity Partners' management and strategic development of W.W. Williams.
  • Automotive Aftermarket Services – W.W. Williams operates in the aftermarket services sector, providing parts and services for diesel engines and trucks, which is central to its business model.
  • Industrial Equipment – Provides equipment-related services such as packaged generators for critical applications, relevant to W.W. Williams' service offerings.

Financials

  • Not disclosed – The financial terms of the private transaction regarding the sale of W.W. Williams by One Equity Partners were not disclosed.
  • EBITDA nearly tripled – A measure of W.W. Williams' financial performance growth under OEP's ownership.

Participants

NameRoleTypeDescription
One Equity PartnersSellerCompanyA middle market private equity firm focused on building market-leading companies through transformative business combinations.
W.W. WilliamsTarget CompanyCompanyAn aftermarket service and parts provider for diesel engines and trucks, founded in 1912 and headquartered in Columbus, Ohio.
Jamie KovenPartner at One Equity PartnersPersonProvided insights into OEP’s value creation strategy during W.W. Williams' growth under their ownership.
Matt HughesPartner at One Equity PartnersPersonCommented on the strategic efforts and geographic expansion of W.W. Williams under OEP's ownership.