Omega Environmental Technologies Merges with Global Parts Distributors and Santech Industries

Chattanooga, TN, December 3, 2012

River Associates Investments, LLC (“River Associates”), a leading lower middle market private equity firm based in Chattanooga, TN, announced the merger of its portfolio company Omega Environmental Technologies (“Omega”) with Global Parts Distributors (“GPD”) and Santech Industries (“Santech”). Terms of the transaction are not being disclosed.

Collectively, the three companies offer the most complete line of automotive aftermarket air conditioning parts and radiators in the world.  The combined companies have a strong national presence with ten strategically located facilities, and sell products in over 85 countries around the world.  The three companies will continue to maintain separate distribution facilities and the headquarters for the combined companies will be in Irving, TX.

“We are pleased to bring these companies together to further grow our platform.” said Mike Brookshire, Partner at River Associates. “The merger bolsters the Company’s product offering, enhances our availability to better serve our customers, and creates a strong player in the aftermarket space.”

“I am excited that we can now offer the Omega, GPD and Santech product lines to our customers around the world while at the same time striving to provide industry leading customer service.” said Grace Davis, Chief Executive Officer of Omega. “Our line of compressors, components, radiators, small parts and patented rapid seal kits allow us to be a one-stop shop for virtually all of our customers.”