Freedom Electronics completes acquisition of ESCO
Freedom Electronics has completed its acquisition of ESCO Services, Inc. (ESCO Michigan) and ESCO Manufacturing, LLC (ESCO Florida), a provider of aftermarket refurbished electronic parts with locations in Michigan, Colorado, and Florida.
ESCO provides aftermarket refurbished electronic parts to distributors and service technicians, primarily serving the retail fueling and petroleum end markets. Georgia-based Freedom Electronics is an aftermarket provider of electronic components, such as printers, screens, and card readers, for use in convenience stores and fueling stations (c-stores) across the U.S. and Canada.
The combination of the two companies will create one of the largest supplier of new and remanufactured aftermarket parts in the retail petroleum industry.
“ESCO is a very well-respected company with a long history. Both companies share the same values of providing outstanding customer service and a high level of urgency to our customers. We are confident that the combination will allow us to expand our relationships with many customers while allowing us to serve a much larger portion of their needs,” says Patrick Jeitler, CEO of Freedom, in a press release.
Mike York, a Partner at Summit Park, adds, “Freedom and ESCO are an exciting combination because it establishes a national platform with leading technical capabilities, expanded sourcing relationships, and a diversified product portfolio driving a better customer experience. We continue to be bullish on the aftermarket in the retail petroleum space and think adding ESCO to Freedom positions the business very well going forward.”