The Year In Mergers & Sales

We’ve been so busy with getting ready for The NAFEM Show and our biennial FER Industry Excellence Awards program that we haven’t had a chance to do our annual round-up of the year in mergers and sales. It was an active year again in 2014 as business life-cycle factors and a healthy E&S market kept the pace of activity relatively high. As has been typical lately, Middleby Corp. was particularly active. Dealer activity seemed restrained after a very busy 2013. And there continued to be a number of significant mergers and sales among manufacturers’ rep groups, including two well-known firms picked up by Acosta Sales & Marketing

Here are transactions noted last year in FER Fortnightly and FER Dealer Report. Let us know if we missed something.

Manufacturers

–Middleby Corp. bought Market Forge.

–Argosy Group Int’l bought Donper America

–Duke Mfg. bought CounterCraft

–Standex Food Service Group bought Ultrafryer Systems, sold American Foodservice to All American Holdings

–Polyscience Culinary sold distribution rights to Breville Group

–Advance Tabco bought Supreme Metal

–Middleby Corp. bought Concordia Coffee

–Compass Diversified Holdings bought Candle Lamp (SternoCandleLamp)

–Middleby Corp. bought U-Line Corp.

–Focus Foodservice parent Centre Lane Partners bought Update Int’l. and Johnson-Rose Inc.

–Taylor Precision products bought Chef’n Corp.

–Middleby Corp. bought Desmon Food Service Equipment and Goldstein-Eswood

–Henny Penny was sold to a newly formed employee stock ownership plan.

Dealers

–Hockenbergs bought Grand Restaurant Equipment & Design

–Bargreen Ellingson bought Knapp Supply & Equipment

–Warburg Pincus bought TriMark USA from Audax

–The Boelter Cos. bought Robert Gill & Co.

–Sysco Corp. continued to work on its proposed merger with U.S. Foods. In late January 2015, it announced plans to sell 11 branches to Performance Foodservice Group.

Others

–Summit Partners bought Parts Town

–Heritage Food Service Group bought Key Food Equipment Services

–Diversified Food Service Supply bought Mill Hardware & Food Service and Restaurant Parts & More

–Acosta Sales &Marketing bought manufacturers’ rep firms HGA Group and  Howard & Associates.

–Reps South merged with The Hansen Group

–Preferred Marketing Group bought the E&S division of Marketsmart Inc. from The Core Group

Have useful and fun time at The NAFEM Show next week.

Cheers,

Robin Ashton

Publisher  

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