M&A Deal Summary

Innovative Foodservice Group Acquires Foodservice & Restaurant Supply

On April 19, 2023, Innovative Foodservice Group acquired machinery company Foodservice & Restaurant Supply

Acquisition Highlights
  • This is Innovative Foodservice Group’s 1st transaction in the Machinery sector.
  • This is Innovative Foodservice Group’s 5th transaction in the United States.
  • This is Innovative Foodservice Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2023-04-19
Target Foodservice & Restaurant Supply
Sector Machinery
Buyer(s) Innovative Foodservice Group
Deal Type Add-on Acquisition
Advisor(s) Viking Mergers & Acquisitions (Financial)

Target

Foodservice & Restaurant Supply

Asheville, North Carolina, United States
Foodservice & Restaurant Supply is a provider of foodservice equipment and supplies to restaurants and institutions. Foodservice & Restaurant Supply is based in Asheville, North Carolina.

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Buyer(S) 1

Buyer

Innovative Foodservice Group

Tampa, Florida, United States
Category Company
Founded 2017
Sector Distribution
DESCRIPTION

Innovative Foodservice Group is a distributor and offers new and pre-owned commercial restaurant equipment, kitchen supplies, smallwares, furniture and design/project management services. The Company serves a diversified customer base primarily in the restaurant, lodging, education and healthcare industries.

DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 JES Restaurant Equipment

Greenwood, South Carolina, United States

JES Restaurant Equipment, Inc. sells equipment, supplies, furniture, and small wares to the foodservice industry. JES Restaurant Equipment, Inc. was founded in 2002 and is based in Greenwood, South Carolina.

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