Foodservice Equipment Reports

Premium Supply Acquires Fellow N.Y. Dealer Tassone

Two New York-based, family-owned foodservice equipment and supplies dealers have made a deal which combines their assets and key personnel.

Premium Supply Co., a Deer Park, N.Y.-based foodservice equipment and supplies dealer, has agreed to acquire the assets of Tassone Equipment, a dealership based in Syosset, N.Y. The financial terms of the deal, which is expected to close in March, were not disclosed.

“Tassone Equipment has been a leader in our industry for years. I am thrilled at the opportunity to incorporate this prestigious operation into the Premium Supply family,” said Premium Pres. Jay Pattinger. “With our tradition of commitment, this partnership will complement and enhance our services while providing a broader range of opportunities to our customers and employees and leave us perfectly positioned to move into the future.” 

As part of the transaction, owners Donald Tassone and Frank Nasta, as well as senior account executive George Nasta and other key sales personnel will be joining Premium Supply.

Pattinger added that the acquisition will directly benefit Premium’s and Tassone’s customers, through increased market coverage as well as delivery of enhanced capabilities.  Premium reported 2010 E&S sales volume of $21 million for FER’s June 2011 Top Dealers listing.

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