M&A Deal Summary

TriSpan Acquires FoodPrep

On June 1, 2020, private equity firm TriSpan acquired machinery company FoodPrep

Acquisition Highlights
  • This is TriSpan’s 1st transaction in the Machinery sector.
  • This is TriSpan’s 6th transaction in the United States.
  • This is TriSpan’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2020-06-01
Target FoodPrep
Sector Machinery
Buyer(s) TriSpan
Deal Type Consolidation

Target

FoodPrep

Stamford, Connecticut, United States
website
FoodPrep provides outsourced cutlery exchange services as well as foodservice equipment sales & services to a diverse set of end-markets that includes restaurants, supermarkets, delis, caterers, hotels, schools, healthcare facilities, and food processors all through a route-based distribution model. FoodPrep was founded in 2020 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

TriSpan

Investor Investor Investor

website


Category Private Equity Firm
Founded 2015
SizeSmall
Type Sector Agnostic
DESCRIPTION

TriSpan LLP is a private equity firm that manages several middle-market funds, an industry agnostic fun focused on opportunities in business services, healthcare, consumer, and industrial, and a restaurant centric fund that targets fast growing chains and restaurant concepts. TriSpan LLP was established in 2015 and has offices in London and New York.


DEAL STATS #
Overall 10 of 16
Sector (Machinery) 1 of 1
Type (Consolidation) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 6 of 10
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 ProSmile

Ambler, Pennsylvania, United States

ProSmile is a dental service organization that provides non-clinical business services to dental practices operating in New Jersey, Pennsylvania, and Maryland. Their practices offer a range of comprehensive dental services for adults, children, and infants, from basic exams and cleanings to specialty services, including pediatrics, endodontics, periodontics, orthodontics, and oral surgery.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Naya

New York, New York, United States

Naya is an operator of fast-casual Middle Eastern/Mediterranean concept. The contemporary counter-service eatery serves fully customizable yet simple entrees that combine a variety of proteins, carbohydrates, and toppings in large portions. Hot items include falafel, chicken/beef shawarma, chicken taouk, and kafta. Cold items include hummus, baba ghanoush, tabbouleh, and grape leaves. Naya was founded in 2008 and is based in New York City.

Buy -