Foodservice Equipment Reports

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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