M&A Deal Summary

BradyIFS + Envoy Solutions Acquires Individual FoodService

On December 31, 2020, BradyIFS + Envoy Solutions acquired distribution company Individual FoodService from Kelso and Current Capital Partners

Acquisition Highlights
  • This is BradyIFS + Envoy Solutions’ 1st transaction in the Distribution sector.
  • This is BradyIFS + Envoy Solutions’ 1st transaction in the United States.
  • This is BradyIFS + Envoy Solutions’ 1st transaction in California.

M&A Deal Summary

Date 2020-12-31
Target Individual FoodService
Sector Distribution
Buyer(s) BradyIFS + Envoy Solutions
Sellers(s) Kelso
Current Capital Partners
Deal Type Merger

Target

Individual FoodService

Bell, California, United States
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 is based in Bell, California.

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Buyer(S) 1

Buyer

BradyIFS + Envoy Solutions

Las Vegas, Nevada, United States

Category Company
Sector Distribution
DESCRIPTION

BradyIFS + Envoy Solutions is a full line, full service janitorial / sanitation wholesale distribution company featuring janitorial supplies, cleaning chemicals and equipment. BradyIFS + Envoy Solutions is based in Las Vegas, Nevada.


DEAL STATS #
Overall 1 of 7
Sector (Distribution) 1 of 6
Type (Merger) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 7
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Envoy Solutions

Glenview, Illinois, United States

Envoy Solutions is a diversified distribution company for janitorial supply, packaging solutions, and specialty products. Working to make buildings cleaner and more sustainable, people safer, and operations more productive, every day. Envoy Solutions is based in Glenview, Illinois.

Buy -

Seller(S) 2

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 44 of 53
Sector (Distribution) 4 of 4
Type (Merger) 2 of 5
State (California) 4 of 5
Country (United States) 38 of 46
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Inmark

Austell, Georgia, United States

Inmark is a general, life sciences, and hazardous goods/biomedical compliant packaging products and associated services company. Inmark was founded in 1975 and is based in Austell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Ferraro Foods

Piscataway, New Jersey, United States

Ferraro Foods is a foodservice distributor in the Eastern U.S., delivering food products, value, and reliable service primarily to the Italian restaurant and pizzeria segment. Ferraro Foods is based in Piscataway, New Jersey.

Buy -
DESCRIPTION

Current Capital Partners LLC is a private investment group focused on lower middle-market opportunities. The Firm is 'hands on', comprised of former Fortune 500 execs and actively looks to work with portfolio companies. Current Capital was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Individual FoodService

Bell, California, United States

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 is based in Bell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Slipnot

Detroit, Michigan, United States

Slipnot is a provider of provider of metal slip-resistant surfaces in preventing slip, trip, and fall accidents in industrial, commercial, military, and municipal settings. Slipnot was founded in 1987 and is based in Detroit, Michigan.

Buy -