Vehicles

Parts Supplier Takes On Familiar Name After Buying Competitor

Martin Romjue
Posted on February 4, 2015
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.

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.
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.”

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.

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]

MTG Innovations has filled up its 54,000 square-foot plant in Springfield, Mo., and is ready to expand.
MTG Innovations has filled up its 54,000 square-foot plant in Springfield, Mo., and is ready to expand.
The MTG acquisition also marks a milestone comeback for Infinite Innovations, which has fully recovered from a 25% dip in sales volume during the Great Recession that started in 2008. Thomas reports that Infinite’s sales in 2014 returned to 2008 levels, increased another 50% with the acquisition of MTG Parts, and should be on track to grow another 25% in 2015.

MTG Innovations now employs 28 workers in Springfield and New Jersey. Although the old MTG facility in Medford, N.J., has been closed, a handful of former MTG Parts employees will work out of home offices, Thomas says. The company plans to grow beyond its 54,000 square-foot facility in Springfield to accommodate more business volume and inventory. It also will set up more technical and engineering teams to handle A/C sand electronic systems servicing and maintenance.

“We are now busting at the seams,” he says. “I’ve spoken with a real estate agent, and by the end of 2015, we will have to do something for expansion.”

Deep Bonds
Thomas and some Infinite/MTG employees gained previous professional experience at the region’s coachbuilders. He began working at Executive Coach Builders in 1978, when it was owned by founder John Bumgarner, and then branched into the supplier business.

“I started with a handful of parts because there wasn’t a reliable source for on-time shipment of products to convert limousines,” Thomas recalls. “I saw a niche, and found a banker who believed in me.”

The company reaps the efficiencies of 28 years of advances in accounting software, supply chain logistics and real-time inventory. MTG Innovations also owns tooling arrangements in Europe, Asia and Canada that include stamping dyes and electrical layouts. “We try to find the most reliable sources that will manufacture for and supply this industry,” he says. MTG Innovations also makes a few parts at its Springfield facility, such as divider partitions for stretch limousines.

“We have a lot to digest in all of this,” Thomas says of the recent deal. “I’ve got my hands full right now getting the bugs out of the systems so we have all the right inventory in stock. It’s a rebuilding phase for me. Things are really looking up. I am more excited today about the limousine and ground transportation market than I have been in many years.”

The MTG Innovations exhibit will be at booth Nos. 406-408 during International LCT Show floor hours March 16-18 at the Venetian-Palazzo Resort Casino convention center in Las Vegas. It will be the company’s first trade show exhibit in five years.

Related Topics: aftermarket parts, auto parts, business deals, industry vendors, Infinite Innovations, mergers & acquisitions

Martin Romjue Editor
Comments ( 2 )
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  • John

     | about 2 years ago

    100% correct Larry, needed the money and sold the company off while ripping off long time employees vacation / sick 401Ks.

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