H-E Parts International LLC has completed the acquisition of Dom-Ex Inc., one of North America’s leading suppliers of reconditioned equipment and components to the global mining and heavy-equipment industries. Terms of the transaction were not disclosed.

Atlanta-based H-E Parts is headed by J.P. Richard, the former CEO of Massey Ferguson and AGCO Corporation, a farm equipment and parts distributor, and is funded by Frontenac Company, a Chicago-based private equity firm.

“H-E Parts is a new company formed with the objective of becoming the premier worldwide distributor of quality used/refurbished equipment and components as well as aftermarket parts to the mining and construction industries. The acquisition of Dom-Ex is our first major step toward achieving this goal,” said Richard.

The President of Dom-Ex, Dave Ellefson, will continue to run the company. He will be a major strategic and financial partner in the successful accomplishment of H-E Parts’ objectives, and will be one of the owners of H-E Parts, according to the company.

Other members of the Dom-Ex management team will remain in place at the company’s headquarters in Hibbing, MN, and its Dallas office.

Commenting about the acquisition Ellefson said, “This is great news for Dom-Ex, for its customers, and its employees. We will be a cornerstone of H-E Parts’ growth strategy. Dom-Ex will have access to new capital to finance our rapid growth. And we will also benefit from the marketing and supply synergies of being associated with sister companies under the H-E Parts banner.

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