Parts Supplier AllPoints Changes Hands

AllPoints Foodservice Parts & Supplies, the Mount Prospect, Ill., parts and supplies distributor, is under new ownership. Denver-based private-equity firm KRG Capital Partners has acquired Consolidated Equipment Parts and its subsidiaries, AllPoints and the Internet dealer and parts distributor Tundra Specialties, from Pfingsten Partners, a Chicago-based private-equity company. Financial terms of the deal were not released.

AllPoints specializes in distributing maintenance, repair and operation parts, supplies and equipment for cooking and warming equipment, refrigeration, warewashing and food-preparation equipment nationwide. The company has distribution centers in Connecticut, Illinois and Nevada. Tundra is an Internet E&S dealer with a number of chain clients; it also distributes parts and supplies.

“The AllPoints team is thrilled to partner with KRG to drive the next phase of the company’s growth,” said John Hanby, CEO of AllPoints. “We were impressed with KRG’s deep experience in the distribution and business-services sector. We are experiencing strong demand for our product offering and the added resources and expertise that the KRG team brings to bear will help us meet this demand for existing customers and continue to expand, both organically, as well as through strategic acquisitions.”

His thoughts were echoed by Ted Nark, KRG’s managing director. “We believe the AllPoints platform represents a compelling opportunity to invest in a differentiated and growing distributor of critical MRO parts, supplies and equipment to the foodservice industry.”