M&A Deal Summary

CFS Brands Acquires Cornerstone Foodservice Group

On December 4, 2025, CFS Brands acquired manufacturer Cornerstone Foodservice Group from Avante Capital Partners, ShoreView Industries and Harvey & Company

Acquisition Highlights
  • This is CFS Brands’ 2nd transaction in the Manufacturing sector.
  • This is CFS Brands’ 4th transaction in the United States.
  • This is CFS Brands’ 1st transaction in Illinois.

M&A Deal Summary

Date 2025-12-04
Target Cornerstone Foodservice Group
Sector Manufacturing
Buyer(s) CFS Brands
Sellers(s) Avante Capital Partners
ShoreView Industries
Harvey & Company
Deal Type Add-on Acquisition

Target

Cornerstone Foodservice Group

Naperville, Illinois, United States
Cornerstone Foodservice Group is a designer and provider of foodservice equipment for the hospitality sector. The product includes buffet systems, induction cooking systems, mobile cooking stations, tableware, and cookware. Cornerstone Foodservice Group is based in Naperville, Illinois.

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Buyer(S) 1

Buyer

CFS Brands

Oklahoma City, Oklahoma, United States

Category Company
Founded 1995
Sector Manufacturing
DESCRIPTION

CFS Brands is a manufacturer and marketer of professional-grade solutions for the restaurant, hospitality, healthcare and janitorial segments. Products for these focused markets include an array of foodservice permanent ware supplies, table coverings, cookware, displayware, storage containers, catering and transport equipment and meal delivery systems. CFS Brands was founded in 1995 and is based in Oklahoma City.


DEAL STATS #
Overall 4 of 4
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-19 Mercer Culinary

Ronkonkoma, New York, United States

Mercer Culinary is an innovative solution provider for culinary professionals that offers professionals and home enthusiasts with a complete line of barware essentials and accessories. the company supplies cutlery, smallwares, barware, and apparel to the foodservice and culinary education markets. Mercer Culinary was formed in 1976 and is based in Ronkonkoma, New York.

Buy -

Seller(S) 3

SELLER

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 22 of 22
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 8
State: Illinois M&A 2 of 2
Country: United States M&A 22 of 22
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-29 SSI Strategy

Parsippany, New Jersey, United States

SSI Strategy is a boutique management-consulting firm that has designed a unique model to support scientific functions within Life Science companies. SSI Strategy is based in Parsippany, New Jersey.

Sell -
SELLER

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 30 of 30
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 10
State: Illinois M&A 3 of 3
Country: United States M&A 29 of 29
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-23 M&Q Engineered Materials

United States

M&Q Engineered Materials is a designer and manufacturer of nylon blown film products that are used during commercial protein processing, commercial food preparation, and healthcare and industrial sterilization packaging.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 37 of 37
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 19 of 19
State: Illinois M&A 4 of 4
Country: United States M&A 36 of 36
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-09 Pave America

Warrenton, Virginia, United States

Pave America is a provider of asphalt and concrete solutions, including maintenance, repair, milling, sealcoating, and new paving services to commercial, municipal, and institutional customers as well as general contractors. Pave America is based in Warrenton, Virginia.

Sell -