Vehicles

Parts Supplier Takes On Familiar Name After Buying Competitor

Posted on February 4, 2015 by - Also by this author

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Infinite Innovations owner Bud Thomas (L), who acquired MTG Parts in November 2014 to form MTG Innovations, discusses a product order with Len Manners, the electronics assembly department manager. Manners has worked at Innovations for more than 12 years and has 25 years of limousine parts experience. MTG Innovations employees have a combined 175+ years of experience in the limousine manufacturing and parts industries.
Infinite Innovations owner Bud Thomas (L), who acquired MTG Parts in November 2014 to form MTG Innovations, discusses a product order with Len Manners, the electronics assembly department manager. Manners has worked at Innovations for more than 12 years and has 25 years of limousine parts experience. MTG Innovations employees have a combined 175+ years of experience in the limousine manufacturing and parts industries.

SPRINGFIELD, Mo. — Infinite Innovations, a longtime provider of all types of aftermarket parts for a wide variety of limousine vehicles, closed a deal Nov. 15, 2014 to acquire MTG Parts of Medford, N.J., building a combined inventory of about 5,000 different products and a list of more than 12,000 customers.

The historic deal means that Infinite Innovations now does business as MTG Innovations, creating a massive “one-stop shop” for parts in the limousine, funeral and bus vehicle aftermarket arena. Its core functions include warehousing, distribution, parts assembly and modification, manufacturing and licensed manufacturing.

Combo Deal
The combination also concludes a two decade-plus “friendly” competition between owner and President Bud H. Thomas, who founded Springfield, Mo.-based Infinite Innovations in 1987, and Iric S. "Ric" Cohen, who started MTG Parts of Medford, N.J., in 1990. [Cohen also owned the Limousine/Limo Digest trade magazine, which published from 1991 to 2014].

“Ric Cohen and I have been friendly competitors for many years in the industry,” says Thomas, owner and President of MTG Innovations. “He knew I would love to have that business, and I knew he would love to have this one. It was a gentleman’s agreement that either of us could buy the other out. Now we have the best of both worlds.”

Cohen approached Thomas in 2014 to sell his company so he could pursue other business opportunities. “He wanted to keep the MTG name he built out in front and moving forward. His goal in this acquisition was for the customers he’d taken care of for so many years to continue to be served.”

With Infinite Innovations as the registered holding company doing business as MTG Innovations, the combined operations offer a complete selection of aftermarket and OEM parts for Ford/Lincoln and General Motors/Cadillac limousine and funeral vehicles to clients nationwide. The addition of the MTG Parts inventory pushes the company further into the mini-bus, van, and motorcoach parts aftermarkets. “Our focus had been with limousines and funeral cars,” Thomas says. “This gives us the diversity with product lines to go into these other markets as well.” All MTG Parts products will remain available in the expanded MTG Innovations inventory.

As part of the deal with MTG, Infinite also acquired Master Air, a subsidiary that supplies air conditioning units, and Elite Seating, a subsidiary provider of limousine and bus passenger seats. MTG Innovations is working on enhanced product plans for both subsidiaries.

MTG Innovations operates as a one-stop aftermarket parts warehouse, distributor, parts assembler and modifier, manufacturer, and licensing manufacturer.
MTG Innovations operates as a one-stop aftermarket parts warehouse, distributor, parts assembler and modifier, manufacturer, and licensing manufacturer.

Growth Surge
Overall, the new MTG Innovations inventory covers more than 5,000 interior, exterior, engine and accessory parts for limousine and bus vehicles that are converted by more than 40 vehicle manufacturers and/or modifiers in the U.S. The supplier’s most popular parts categories include interior and LED lights, onboard electronics, climate control, trims and moldings, door handles, windows, glassware and beverage holders, and chauffeur-client intercoms. Any similar or duplicate Infinite and MTG-branded parts will continue to be sold separately for customers who prefer one or the other. The company also holds exclusive patents on some of its lighting products.

Situated in the heart of the legendary stagecoach-limousine industry hub of southwest Missouri, Infinite operates close to some of the major manufacturers it counts as clients, such as Executive Coach Builders, Springfield Coach Group (formerly Imperial/Limoland), Murgel Limousine Manufacturing, and First Class Customs, Inc.

FASTFACTS: MTG Innovations

  • Location: Springfield, Mo.
  • Owner: Infinite Innovations / President Bud Thomas
  • Founded: 1987 as Infinite Innovations
  • Acquisition: MTG Parts in Nov. 2014
  • Individual products/parts: 5,000+
  • Customers: 12,000+
  • Coachbuilder/vehicle
  • manufacturer clients: 40+
  • Annual sales: 25% projected increase, 2015
  • Employees: 28
  • Key managers: Keith Williams, general manager; John Matlack, Cliff Burns and Kevin Ruble, sales
  • executives; Debbie Walsh, MTG sales.
  • Facility: 54,000 square feet
  • Websites: www.infiniteinnovations.com; www.mtgparts.com
  • Information: (800) 362-6224; [email protected]

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