individual foodservice acquisition

Posted on November 7, 2022 by

With Hill & Markes, BradyIFS annual revenues now exceed $1.3 billion., BradyIFS is comprised of many family-focused businesses that have grown through a commitment to the employees, customers and the communities they serve, said Jason Packer, CEO of Hill & Markes. Individual FoodService has acquired 3 companies of its own, including 3 in the last 5 years. The firm is based in New York, NY. Owned by the Finkle and Packer families since the 1970s, Hill & Markes has seen tremendous expansion from its early days in ice cream supplies to now include a focus on JanSan, industrial packaging and food service. 2022 Individual Foodservice. Founded in 1906, Hill & Markes began as an ice cream distributor later expanding into one of the Northeasts most prominent distributors of janitorial supplies, packaging, food service and more. Operating since 1926, Individual Foodservice is one of the leading broad line distributors of foodservice, JanSan, packaging, dry goods and smallwares in the United States. October 17, 2019 Kelso & Company Acquires Individual FoodService BELL, Calif. ( BUSINESS WIRE) Individual FoodService ("IFS" or the "Company"), a leading distributor of Food Service Disposables and Janitorial & Sanitation products, announced today that Kelso & Company ("Kelso") has agreed to acquire a majority equity interest in the Company. I want to welcome Devin and the outstanding team at Cole to IFS. Cole is headquartered in Benicia, CA and also has a retail showroom, Super Clean, in Pleasant Hill, CA. FOR IMMEDIATE RELEASE Kelso has significant experience investing in distribution, having deployed over $1.5 billion of equity capital in the sector. The Packer and Finkle families are pleased to have found a partner that allows Hill & Markes to thrive as it always has - to remain entrepreneurial and invested in local communities, to foster an employee and customer-focused approach to business, and to continue to find compelling and innovative solutions to support our valued customers. No job security uncertain future of the company. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Terms of the transaction were not disclosed. Define Smart Foodservice Acquisition. The Firm seeks to invest in companies with at least $50 million of revenue and $5 million of EBITDA. Terms of the transaction were not disclosed. While it is never an easy decision to sell a family legacy, we are excited to have found the right strategic partner in BradyIFS.. With headquarters in Bell, CA and Las Vegas NV, BradyIFS is one of the largest foodservice and JanSan platforms in North America. At the heart of Brady's operation is a community-minded culture driven by a workforce of more than 500 employees currently in 30+ locations throughout Nevada, Utah, Arizona, Idaho, New . Kelso is one of the oldest and most established firms specializing in private equity investing. All rights reserved. Founded in 1987, Addison, Ill.-based Parts Town markets and distributes genuine OEM parts to the foodservice industry, and provides field service. Individual Foodservice and Brady Industries to Acquire Two Companies The Latest News The Editors October 01, 2021 BradyIFS, a distributor of foodservice disposables and janitorial and sanitation products, will expand its reach into Northern California with the acquisition of two distributors: Fishman Supply Company and Armstrong Paper Group. 2022 Individual Foodservice. Areas of interest include high precision manufacturing, diversified distribution and industrial service companies. United States, Seaway offers over 10,000 products representing the leading manufacturers in the industry. Sole Source Capital (SSC) is a private equity firm that targets investments in lower middle market companies. Ship Questions? Ship Questions? Cons. Brady Merges With Individual FoodService. This is Kelso & Company's 4th and Current Capital Partners' 1st transaction in the Distribution sector. Financial terms of the deal weren't . Please explore the site for alternative items that may fit your needs. RICHMOND, Va. - Performance Food Group Company (PFG) (NYSE: PFGC) announced today that it has completed the acquisition of Reinhart Foodservice, L.L.C. Brady has been pioneering the way products and solutions are delivered to facility and foodservice professionals for more than 70 years. The acquisition expands IFS' sales presence and distribution capabilities throughout California and Nevada, . Republic of Uruguay's $1,5 Billion Sustainability-Linked Bond Offering. These figures are . Terms of the transaction were not disclosed. Target Individual FoodService Welcomes Brady Industries BELL, Calif. & LAS VEGAS--(BUSINESS WIRE)--Individual FoodService ("IFS"), a portfolio company of Kelso & Company ("Kelso") and a leading distributor of foodservice disposables and janitorial and sanitation ("JanSan") products, has announced that it will merge with Brady Industries ("Brady"), a leading JanSan distributor, which . Since 1980, Kelso has invested over $13 billion of equity capital in 127 transactions. The Company has built an impressive brand in the marketplace that is extremely well positioned for the future, said Sandy Osborne, Managing Director of Kelso. Carleigh Roesler SSC was formed in 2016 and is headquartered in Santa Monica, CA. December 30, 2019. Carleigh.roesler@edelman.com, Individual FoodService Acquires Cole Supply Company, Internet Explorer presents a security risk. Specialties:Food, Packaging, Wholesale, Restaurant. For more information on IFS, please visitwww.individualfoodservice.com. 323-981-2800 Supplies & Service for Europe. Furthermore, we are pleased to announce that Kenneth Sweder has been appointed Chairman of the Board of IFS. Seaway is a value-added distributor and service provider of foodservice disposables, JanSan supplies, industrial packaging, and cleaning equipment and service. Europe. Amsterdam, NY and Bell, CA BradyIFS, a leading distributor of foodservice disposables and janitorial/sanitation (JanSan) products, has acquired Hill & Markes, Inc., a distributor serving the state of New York and Vermont. Bell, California Europe Legal Chronicle; Companies may grow organically or through acquisition. Get Moblico news: TXT "JOIN" to 833-338-4330 | Chat with us: TXT or Call 855-662-5426. The company sources, manages and distributes a broad range of products to thousands of customers in segments including education, healthcare, hospitality, restaurants, building services and more. How much does Individual Foodservice in the United States pay? Since its early beginnings as one of the first Dixie cup distributors in Southern California, IFS has grown to become one of the largest distributors in the Southwest United States due to its broad and unique array of goods, rapid fulfilment, comprehensive industry expertise and product knowledge, and exceptional focus on the customer. The Companys most targeted sectors include distribution (100%). Whaley, established in 1944, is headquartered in Lexington, S.C., and operates 15 locations in the Southeast. I want to welcome Tom and the entire team at Seaway to BradyIFS. PT Holdings, the parent company of Parts Town, has acquired Whaley Foodservice Repairs. 323-981-2800 Author. This is Sole Source Capital's 2nd transaction in the United States. Since its early beginnings as one of the very first Dixie cup distributors in Southern California, IFS has dedicated itself to offering a broad and unique array of goods at competitive prices with a heavy emphasis on integrity, while providing clients with excellent, honest service through comprehensive industry knowledge. Salary information comes from 148 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. We will make every effort to fulfill your order in its entirety. Seaways geographic presence, customer and product mix, and culture mesh well with BradyIFS. Individual Foodservice, a BradyIFS Company Food and Beverage Services Bell, California 2,292 followers Supplies & Solutions for Cleaning & Foodservice Professionals These customers operate in the restaurant, healthcare, building service, hospitality, education, wholesale, government, and food processor end markets. lots of politics/favoritism in some departments. Distributor Sales Representative DSR With over 75 years in the food distribution service Nicholas & Company delivers exceptional products and services throughout the Intermountain West From our humble beginnings in 1939 to our current third generation leadership and state of the art food distribution facilities Nicholas & Company has delivered the highest quality products and services to our . means, collectively, (a) the acquisition by Reynolds Group Holdings, Inc., a direct Wholly Owned Subsidiary of BP III, of all of the Equity Interests of Reynolds Packaging Inc., (b) the acquisition by Closure Systems International B.V., an indirect Wholly Owned Subsidiary of BP III, of all of the Equity Interests of Reynolds Packaging International B.V . Operating since 1926, Individual Foodservice is one of the leading broad line distributors of foodservice, JanSan, packaging, dry goods and smallwares in the United States. This partnership positions us to further accelerate our growth as we offer an even more broad, compelling and differentiated proposition to our customers throughout California., We are delighted to work with IFS, who shares the same values as Cole in its commitment to its customers, suppliers, employees and the communities we serve, said Devin Cole, owner and President of Cole, who will continue to lead and operate Cole Supply along with the existing team. Beverages. We will make every effort to fulfill your order in its entirety. In some cases apparently high growth rates may be caused by data that weren't available in previous years. Individual FoodService distributes paper, plastic, packaging, food, janitorial, sanitation and smallware products to independent restaurants, quick-service restaurants, healthcare facilities, hospitality establishments, country clubs, schools, universities, government institutions, wholesalers, food processors, and food service management institutions. Individual FoodService not only survived but thrived during the pandemic. Please explore the site for alternative items that may fit your needs. Individual FoodService not only survived but thrived during the pandemic. Bachelors Preferred. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. www.individualfoodservice.com. We will make every effort to fulfill your order in its entirety. Founded in 1947, Brady Industries is universally regarded as one of the JanSan industrys premier enterprises. Opens new tab. BENICIA, Calif. & BELL, Calif.Individual FoodService ("IFS"), a leading distributor of foodservice disposables and janitorial & sanitation ("JanSan") products, has announced that it has acquired Cole Supply Company ("Cole"), a leader in the distribution of janitorial, cleaning and facility supplies based in Benicia, California. Carlisle FoodService Products. Headquartered in Maywood, IL Seaway Supply has been under current management since 1994. Smart Foodservice is a proven model that provides significant expansion opportunities: Smart Foodservice brings a strong record of profitable growth and US Foods is well positioned to continue to expand its small store model into new markets. At the heart of Brady's operation is a community-minded . (323) 981-2800 Companies may grow organically or through acquisition. They are committed to continually bringing the newest innovations to their customers to help them save time and money, and to improve health and well-being in their facilities. Current Capital Partners LLC and Debevoise & Plimpton LLP advised Kelso in connection with the transaction. The combined organization will create one of the larger distributors of jansan products and foodservice disposables, with a combined 38 facilities nationwide. SLA involves wide research and is considered a subdivision of applied linguistics. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firms investment philosophy. We will make every effort to fulfill your order in its entirety. The company sources, manages and distributes a broad range of products, including paper, equipment, cleaning chemicals, foodservice disposables, and packaging and dry goods to over 30,000 customers. The Bell-based distributor of eco-friendly and custom-branded packaging, paper and plastic disposables, food products and janitorial supplies reported $800 million in revenue last year, a 128% increase from 2019, according to Business Journal estimates. Individual FoodService is based in Bell, California. Sole Source Capital today announced that it has partnered with Individual FoodService ("IFS") and will combine the business with Trade Supplies, LLC ("Trade Supplies") to create one of the largest non-perishable foodservice distributor and packaging solution providers in California. Private equity firm Kelso & Company (Kelso) has signed an agreement to purchase a majority stake in US foodservice disposables and janitorial products distributor Individual FoodService (IFS). December 15, 2020 Brady has agreed to a merger with Individual FoodService (IFS), a portfolio company of Kelso & Co. Located in Bell, CA, Individual FoodService distributes paper, plastic, packaging, food, janitorial and sanitation products to independent restaurants, healthcare facilities, hospitality establishments, schools, universities, government institutions, wholesalers, food processors and foodservice management institutions. Additionally, Coles clients now have access to IFS complete portfolio of foodservice disposables, packaging, dry and canned goods. The firm seeks to invest in companies with at least $50 million of revenue and $5 million of EBITDA. For more information on Seaway Supply Company, please visit www.seawaysupplies.com. We are fortunate to be able to partner with the incredible team at Hill & Markes, said Kenneth D. Sweder, CEO and Chairman of BradyIFS. It has been a pleasure to partner with IFS, and we are incredibly proud of the Companys success. Individual FoodService | In the News Due to the historic supply chain disruption created by the pandemic, some products may be temporarily placed on maximum allocations. With Hill & Markes, BradyIFS' annual revenues now exceed $1.3 billion." . Contact: Michelle Harrison, Vice President of Marketing michelle.harrison@bradyindustries.com. Imperial Dade Expands Texas Presence With Acquisition Of Wagner Supply Company. For more information on IFS, please visit www.individualfoodservice.com. For more information, please visit www.bradyindustries.com and www.individualfoodservice.com. Founded in 1992 by Jim Barnes, Janitor's Warehouse is a . 1 talking about this. On June 27, 2018, private equity firm Sole Source Capital LLC acquired distribution company Individual FoodService Acquisition Highlights. Download. Industry. About Brady. Due to the historic supply chain disruption created by the pandemic,some productsmay be temporarily placed on maximum allocations. Lincoln International LLC and Holland & Knight LLP advised Sole Source Capital and IFS in connection with the transaction. Bell, California-based Individual FoodService (IFS) a portfolio company of the private equity firm Kelso & Co. and a distributor of foodservice disposables and JanSan products has announced that it will merge with Brady Industries, a Las Vegas-based JanSan distributor. 90201 Ken currently serves as the CEO of SouthernCarlson and previously served as the CEO of Interline Brands, bringing significant distribution experience to the board.. Headquartered in Bell, California, IFS customers are independent . Copyright 2022 Sole Source Capital. Perrin Bernard Supowitz, Inc. is primarily engaged in the wholesale distribution of a general line of groceries. . individualfoodservice.com Contact Information Headquarters 5496 Lindbergh Lane, Bell, California, 90201, United States (323) 981-2800 San Diego, California Office 2345 Michael Faraday Dr, #6, San Diego, California, 92154, United States (323) 513-5503 Hayward, California Office 3584 Arden Rd, Hayward, California, 94945, United States (323) 581-3250

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individual foodservice acquisition