M&A Deal Summary

Trivest Partners Acquires Innovative Foodservice Group

On June 1, 2017, private equity firm Trivest Partners acquired distribution company Innovative Foodservice Group

Acquisition Highlights
  • This is Trivest Partners’ 1st transaction in the Distribution sector.
  • This is Trivest Partners’ 38th transaction in the United States.
  • This is Trivest Partners’ 10th transaction in Florida.

M&A Deal Summary
Date 2017-06-01
Target Innovative Foodservice Group
Sector Distribution
Buyer(s) Trivest Partners
Deal Type Consolidation

Target

Innovative Foodservice Group

Tampa, Florida, United States
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.

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Buyer(S) 1

Buyer

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 42 of 85
Sector (Distribution) 1 of 5
Type (Consolidation) 1 of 6
State (Florida) 10 of 18
Country (United States) 38 of 75
Year (2017) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Aerospace Resource Group

Miami, Florida, United States

Aerospace Resource Group is a full-service aftermarket commercial, cargo and military aircraft maintenance, repair and overhaul (“MRO”) provider and parts supplier based in Miami, Florida. With over 120 employees, ARG provides MRO services across a broad aerospace spectrum, including aircraft components, structures and interiors. In addition, the Company provides on-wing assistance through worldwide parts supply. ARG’s customer base represents a “who’s who” of global passenger and cargo operators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Novatech

Nashville, Tennessee, United States

Novatech is a provider of business technology solutions to small and medium businesses, as well as Fortune 1000 and government customers. Novatech's product and service offerings include managed print and IT services, multifunction devices, production printers, wide format printers, document solutions, and 3D Printing, scanning and prototyping solutions. Novatech is based in Nashville, Tennessee.

Buy -
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